Federal prosecutors are seeking to seize former Baltimore City State’s Attorney Marilyn Mosby’s Florida condo after her conviction for mortgage fraud earlier this year. The government plans to sell the condo if it is seized from Mosby, who was convicted on one count of mortgage fraud in February. Mosby testified that she unintentionally made false statements on loan applications to buy two Florida vacation homes. Prosecutors also plan to seek forfeiture in her case, with an asset forfeiture hearing scheduled for May 23.
Mosby was previously convicted of two counts of perjury by a federal jury in November after falsely claiming financial hardship during the COVID-19 pandemic to withdraw money from Baltimore’s retirement fund. She has not been sentenced in either case. Prosecutors argue that Mosby’s condo should be seized because she purchased it after filling out a fraudulent application for a mortgage loan. While Mosby would receive back her $47,000 down payment for the condo, she would lose the money she repaid to the lender.
Federal prosecutors filed criminal charges against Mosby after allegations that she claimed a pandemic-related hardship to pull money from her retirement account and used the money as down payments on two Florida properties. Prosecutors claimed that Mosby repeatedly lied on the mortgage applications, while Mosby maintained that she did not make any false statements intentionally and signed the loan applications in good faith. The failure to disclose debt on her applications contributed to the mortgage fraud charges. Prosecutors alleged during the trial that Mosby lied about receiving a $5,000 gift from her husband, leading to a lower interest rate.
The gift from her husband was a key piece of evidence in Mosby’s conviction, as prosecutors traced it back to her account. Mosby faces a potential sentencing on May 23, where an asset forfeiture hearing has also been scheduled. The situation adds to the ongoing legal battles facing the former Baltimore City State’s Attorney, including possible disbarment. Mosby’s defense team had previously quit, delaying her trial, and she continues to deal with the repercussions of her convictions for perjury and mortgage fraud. It remains to be seen how these legal challenges will affect her future.
