Two term Baltimore state prosecutor Marilyn Mosby is convicted of mortgage fraud after using bogus COVID hardship claim to raid her retirement funds and buy two vacation homes in Florida

Baltimore’s former top prosecutor Mosby, 44, was found guilty on Tuesday on one count of mortgage fraud for lying on financial documents; she was acquitted in the second mortgage

She did not disclose that she owed $45,000 in federal taxes and lied that she was a first-time homebuyer to secure more favorable interest rate mortgage loans

Prosecutors discredited her ‘ignorance’ defense, insisting Mosby was totally aware of what she was doing the entire time.  

Mosby was previously convicted on two counts of perjury in a separate criminal trial that took place in November

Faces a maximum of 30 years in federal prison, after conviction in the mortgage fraud scam, with additional 10 years for the perjuries

Sentencing is yet to be scheduled for Baltimore’s former top prosecutor

Former Maryland state prosecutor Marilyn Mosby leaves court on Tuesday Feb 6, after she was found guilty on one count of mortgage fraud. Mosby who was state attorney for Baltimore City is accused of lying about her finances during the COVID-19 pandemic to improperly access retirement funds that she used to buy two homes in Florida

Marilyn Mosby, a former Maryland state prosecutor has been convicted of financial fraud.
Disgraced former Baltimore District Attorney Marilyn Mosby gave wracked sobs as she was convicted of mortgage fraud, on Tuesday. The conviction means she’s now facing decades behind bars.
Mosby, a Democrat, was on Tuesday convicted of using a bogus COVID hardship claim to tap into her retirement funds to buy one of two Florida vacation homes. she owns.
The former top prosecutor, who served two terms as Baltimore’s state attorney, was found guilty on Tuesday on one count of mortgage fraud for lying on financial documents regarding a luxury condo she purchased in Long Boat Key located on Florida’s Gulf Coast.

U.S. authorities in Maryland alleged that Mosby, 44, lied to mortgage lenders while purchasing two Florida vacation homes – one in Kissimmee, just minutes from Disney World, and a beach condominium in Longboat Key. After deliberating for one day, the jury acquitted Mosby of fraud related to the first property but convicted her of making a false statement to a mortgage lender in 2021 to acquire the second one. Mosby sobbed as the verdicts were read.

Then Baltimore’s top prosecutor Marilyn Mosby, [center], discusses her indictment by a federal grand jury on perjury charges during a news conference in Baltimore on Jan. 14, 2022 which ended with a conviction

The two term State Attorney for Baltimore City was weeping as jurors began by clearing her of a similar charge, lying on an application form to get a mortgage on a second property in Kissimmee, Florida.
Mosby then gave a wracked sob on being convicted of the other charge she faced, the Baltimore Sun reported. Mosby was convicted of perjury last year.
Mosby, a progressive whose soft-on-crime stance has borne the blame for soaring crime rate in the murder-ravaged Baltimore County. She now faces up to 30 years in prison following her conviction for the January 2022 mortgage fraud. She faces an additional 10 years for the perjury convictions. Sentencing is yet to be scheduled. 
While it’s unlikely she’ll serve anywhere near the projected 40 years in prison, but the two felony convictions mean it’s highly likely she will end up with a custodial sentence. 

Feds said evidence showed that Marilyn [left], transferred funds to her former husband Nick Mosby [right], and then ‘gifted’ it to herself in a financial sleight of hand, aiding her obtaining nearly half a million loan at a lower interest rate. The couple divorced in Nov, 2023  

Whereas the initial allegations included that she was gifted $5,000 from her then-husband to take out a $428,400 loan on the Gulf Coast property in order to get a lower interest rate.
But prosecutors from the U.S. Attorney’s Office for Maryland said evidence showed that she transferred the funds to her former husband, then reverse engineered the transaction to ‘gift herself’ sending the money back to herself in a financial sleight of hand. 
Her ex-husband, Baltimore City Council President Nick Mosby, was not charged and remains in office.
In the wake of his ex-wife’s latest conviction Nick Mosby conceded he ‘made mistakes’ and was not a ‘perfect person.’ 
Asked if he was worried he could now face charges, Nick Mosby said he had no such fear and insisted he’d been completely transparent.  

Marilyn Mosby and Nick Mosby seen [photo], at Baltimore’s iconic Preakness horse race in May 2023. would file for divorce two months later. Nick Mosby – The Baltimore City Council President – was not charged and remains in office 

Following his testimony and allegations from prosecutors during his ex-wife’s mortgage fraud trial, we questioned City Council President Nick Mosby this morning about where he’s at and his message to the people of Baltimore. pic.twitter.com/0kEDypFMHF

— Mikenzie Frost (@MikenzieFrost) February 7, 2024

He spoke after his ex-wife testified that she unwittingly made false statements on loan applications to purchase the homes in Florida.
She did not disclose that she owed $45,000 in federal taxes and lied that she was a first-time homebuyer to secure more favorable interest rates. 
Prosecutors decried her cavalier attitude towards the family’s debt profile as “willful blindness”, stating that neither Mosby had been a credible trial witness. She did testify she was aware of the unpaid taxes when she submitted the first loan application in July 2020 but thought her husband was making timely payments on an installment plan with the IRS.
Nick Mosby had a laundry list of financial troubles that his wife had to know about, prosecutors said.
His wages were garnished because of unpaid student loans, his car was repossessed, and he was behind on his mortgage, according to trial testimony.
During his testimony Nick Mosby told the jury he spent years hiding the couple’s tax debts from Marilyn Mosby, who had threatened to leave him unless he sorted out his finances: “Throughout this entire process, I lied to her about everything being okay with the taxes,” Nick Mosby testified.
Jurors deliberated for most of the day and announced a split verdict in which they found her not guilty on a second mortgage fraud charge relating to a property in Kisseme, Florida. 

Baltimore’s state attorney, Marilyn Mosby, [photo], addressing the media after a judge vacated the murder conviction of Adnan Syed, who was serving a 20-year-prison sentence for strangling his then 18-year-old girlfriend 

Former State Attorney for Baltimore Marilyn Mosby, a progressive whose soft-on-crime stance has borne the blame for soaring crime rate in the murder-ravaged Baltimore County, now faces up to 30 years in prison following her conviction for the January 2022 mortgage fraud.
She faces an additional 10 years for the perjury convictions.
Mosby was previously convicted on two counts of perjury in a separate criminal trial that took place in November.
Sentencing is yet to be scheduled. 

Among other false representations, Mosby lied on the mortgage application used to purchase this luxury condo located in Longboat Key, Florida

Mosby  was also convicted for falsely claiming she was facing COVID-related financial troubles, in order to draw on her city retirement account to fund purchase of this property in Kissimmee, Florida. She claimed it was a second residence in order for lower interest rate

The federal criminal charges stemmed from allegations that Mosby claimed a pandemic-related hardship to make early withdrawals from her retirement account, then used that money for down payments on the Florida properties. 
Prosecutor Aaron Zelinsky alleged Mosby repeatedly lied on the mortgage applications, telling the court: ‘“She was the top prosecutor in the city of Baltimore and oversaw hundreds of lawyers.
‘You know what prosecutors know a lot about? Fraud. Mortgage fraud.”
Mosby’s $247,000 a year income was not reduced during the COVID pandemic, though she claimed the pandemic had damaged her various side hustles, feds said.
Mosby served two terms as state´s attorney for Baltimore, earning a national profile for her progressive policies and several high-profile decisions. Famously, she brought charges against the police officers involved in the 2015 death of Freddie Gray, which ignited widespread protests against police brutality. None the officers tried was convicted.
Mosby lost re-election in 2022 after being indicted by a federal grand jury, with her successor Ivan Bates taking a tougher stance on crime. 

Mosby [center], after her conviction in a mortgage fraud scam, faces a maximum of 30 years in federal prison, with an additional 10 years for perjury. Prosecutors said she consciously told seven different lies on mortgage applications to obtain lower interest rate loans

The mortgage fraud trial, which began in mid-January, was moved from Baltimore to Green belt, Maryland, over concerns potential jurors may have been biased by extensive media coverage of the case.
The mortgage fraud trial, which began in mid-January, was moved from Baltimore to Green belt, Maryland, over concerns potential jurors may have been biased by extensive media coverage of the case.
The trial included emotional testimony from both Mosby and her ex-husband, Baltimore City Council President Nick Mosby, who said he lied to her about their outstanding federal tax debt because he was embarrassed. Once a political power couple in Baltimore, the Mosbys met in college and have two daughters together. They divorced in November, 2023
Mosby´s failure to disclose that debt on her loan applications contributed to the mortgage fraud charges, according to prosecutors. In order to obtain a conviction, prosecutors had to prove Mosby knowingly made a false statement that affected the mortgage application process.
Marilyn Mosby testified that she didn´t intentionally make any false statements and signed the loan applications in good faith. Having never bought property before, she said she trusted real estate professionals and her husband during a stressful time.
Prosecutors also alleged that she lied about receiving a $5,000 gift from her then-husband, which allowed her to secure a lower interest rate.
The purported gift, which prosecutors traced back to her own account, is what led to her conviction.
In the perjury case, a different jury found Mosby lied about suffering financial losses so she could withdraw money from her retirement account.
During closing arguments, prosecutors told jurors that Mosby consciously told seven different lies on the mortgage applications in an attempt to persuade lenders to give her the loans and a lower interest rate she need to purchase the two properties and Mosby was totally aware of what she was doing the entire time.