Federal prosecutors are seeking to seize former Baltimore City State’s Attorney Marilyn Mosby’s Florida condo following her conviction for mortgage fraud earlier this year. The government plans to sell the condo if it is seized, as prosecutors previously said they would seek forfeiture in her case. Mosby was convicted on one count of mortgage fraud in February for false statements on loan applications to buy two Florida vacation homes. An asset forfeiture hearing has been scheduled for May 23, the same day as her sentencing. She has also been convicted of two counts of perjury for falsely claiming financial hardship during the pandemic and withdrawing money from the city’s retirement fund.
Prosecutors argue that Mosby’s condo should be seized because she purchased it after filling out a fraudulent application for a mortgage loan. While she would receive her $47,000 down payment back, she would lose the money repaid to the lender. Mosby is accused of lying on mortgage applications, claiming she did not make any false statements intentionally and signed the applications in good faith. However, her failure to disclose debt on the applications is what led to the mortgage fraud charges. Prosecutors alleged that Mosby lied about receiving a $5,000 gift from her husband at the time to get a lower interest rate, which ultimately contributed to her conviction.
Mosby’s legal troubles have been ongoing, with possible disbarment looming amid the legal battles. She has not been sentenced in either case and continues to maintain her innocence. The government claims that Mosby used money withdrawn from her retirement account during the pandemic as down payments on two Florida properties, leading to the criminal charges. Prosecutors have accused Mosby of repeatedly lying on mortgage applications, which ultimately led to her conviction on one count of mortgage fraud. Despite testifying that she unintentionally made false statements on loan applications, Mosby’s failure to disclose debt and other financial discrepancies led to the charges against her.
An asset forfeiture hearing is scheduled for May 23, the same day as Mosby’s sentencing for her conviction on mortgage fraud. If the government seizes Mosby’s Florida condo, they plan to sell it. Prosecutors argue that Mosby’s condo should be seized because she purchased it after submitting a fraudulent mortgage loan application. Despite claiming that she signed the loan applications in good faith, Mosby’s failure to disclose debt and falsification of information on the applications led to the charges against her. The $5,000 gift she allegedly received from her husband, which was not disclosed on the applications, ultimately contributed to her conviction. Mosby maintains her innocence, claiming that she did not intentionally make false statements, but the prosecution argues that her actions constitute mortgage fraud.
Mosby’s legal troubles have not yet been resolved, as she faces a possible disbarment amid ongoing legal battles. She has not been sentenced in either case, and the forfeiture of her Florida condo would be a significant blow. The government alleges that Mosby used money withdrawn from her retirement account during the pandemic to make down payments on the two Florida properties. Prosecutors claim that Mosby repeatedly lied on mortgage applications, leading to her conviction on one count of mortgage fraud. Despite her claims of innocence and testifying that she made false statements unintentionally, prosecutors argue that her actions constitute mortgage fraud.
