Ex-Baltimore Prosecutor Convicted of Mortgage Fraud
OAN’s Abril Elfi
2:40 PM – Wednesday, February 7, 2024
Former Baltimore City State Attorney Marilyn Mosby has been found guilty of mortgage fraud.
On Tuesday, Mosby was convicted of mortgage fraud after admitting to “unintentionally” providing false information on loan applications to purchase two vacation homes in Florida.
The verdict, announced by The Associated Press, acquitted Mosby of a second mortgage fraud charge after a day of deliberation by the jury.
In November, Mosby was already convicted of perjury for falsely claiming financial hardship during the COVID-19 pandemic to withdraw money from the city’s retirement fund.
She has yet to be sentenced in either case and could face up to five years in prison for each count.
Prosecutors filed the mortgage fraud charges against Mosby after allegations that she used money from the retirement fund as a down payment for the Florida properties and repeatedly lied on mortgage applications.
The trial for Mosby’s mortgage fraud case was initially scheduled in Baltimore but was moved to Greenbelt, Maryland due to concerns about potential bias from media coverage.
During the trial, both Mosby and her ex-husband, Baltimore City Council President Nick Mosby, testified. Nick Mosby admitted to lying about their federal tax debt out of embarrassment.
Marilyn claimed that she made the false statements unintentionally and in good faith when signing the applications. However, she failed to disclose the debt, leading to the fraud charges.
Prosecutors alleged that Marilyn lied about receiving a $5,000 gift from her husband, which helped her secure a lower interest rate. The prosecution presented evidence linking the gift to her personal account, resulting in the conviction.
Mosby now faces a maximum prison sentence of 30 years for the mortgage fraud conviction.
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What are the broader implications of Marilyn Mosby’s conviction for mortgage fraud on the integrity of the justice system and public confidence in the legal profession
Former Baltimore City State Attorney Marilyn Mosby has been found guilty of mortgage fraud. The verdict was announced on Tuesday, after Mosby admitted to “unintentionally” providing false information on loan applications for the purchase of two vacation homes in Florida.
According to The Associated Press, Mosby was acquitted of a second mortgage fraud charge after a day of deliberation by the jury. However, this recent conviction comes after her previous conviction for perjury in November. Mosby falsely claimed financial hardship during the COVID-19 pandemic in order to withdraw money from the city’s retirement fund.
Mosby has yet to be sentenced in either case and could face up to five years in prison for each count. The mortgage fraud charges were filed against her after allegations arose that she used money from the retirement fund as a down payment for the Florida properties and lied on mortgage applications.
The trial for Mosby’s mortgage fraud case was initially scheduled in Baltimore but was later moved to Greenbelt, Maryland due to concerns about potential bias from media coverage. Both Mosby and her ex-husband, Baltimore City Council President Nick Mosby, testified during the trial. Nick Mosby admitted to lying about their federal tax debt out of embarrassment.
Marilyn Mosby claimed that she made the false statements unintentionally and in good faith when signing the applications. However, she failed to disclose the debt, which ultimately led to the fraud charges. Prosecutors presented evidence linking a $5,000 gift from her husband to her personal account, allegedly helping her secure a lower interest rate. This evidence contributed to her conviction.
As a result, Mosby now faces a maximum prison sentence of 30 years for the mortgage fraud conviction.
It is yet to be seen how this conviction will impact Mosby’s career and standing within the legal community. As a former State Attorney, Mosby held a position of power and responsibility. The betrayal of trust through her involvement in mortgage fraud raises questions about her ethics and judgment.
This case also highlights the importance of integrity within the legal system. State Attorneys have a duty to uphold the law and to maintain the public’s trust. Any violation of this duty undermines the integrity of the justice system as a whole and erodes public confidence in the legal profession.
In conclusion, Marilyn Mosby’s conviction for mortgage fraud is a significant development in her legal career. It remains to be seen what the repercussions of this conviction will be for her personally and professionally. The case serves as a reminder of the importance of ethical conduct within the legal profession and the consequences that come with betraying the public’s trust.
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