If Marilyn Mosby is found guilty of perjury and mortgage fraud, the government will attempt to seize her vacation condo in Florida.
The city's top prosecutor is accused of perjury, mortgage fraud, and the purchase of two Florida homes, an eight-bedroom home near Disney World, and a two-bedroom condo in Longboat Key.
Mosby lied about having adverse financial consequences to make early withdrawals from her retirement account under the CARES Act and then lied about her finances to get better loan terms.
Mosby and her lawyers claim that the charges are politically motivated and that the prosecutors are racist.
The trial is scheduled for September 19 The two-term Democrat is leaving office in January.
Mosby sold the Disney-area home to a Baltimore County resident in November 2021. She paid $550,000 for the house.
Mosby bought the condo for $476,000 in February of 2021.
The property is listed on the website for $747,500.
The first time prosecutors specifically said they would try to seize the condo was in Friday's court filing.
Mosby's lead defense attorney questioned whether it was proper for the government to seize the home she purchased with her own money.
There is no dispute that the money in Mosby's retirement account was hers.
He said it was nothing more than over-zealousness and over-prosecution. In September, I will defend Ms. Mosby against the government's overreach.
Mosby bought the condo because of her use of retirement funds to make the down payment and she lied to her lender about it. Government employees can't access their retirement accounts until they stop working or have an unforeseen emergency.
Congress temporarily loosened those provisions under the CARES Act, which allowed people to make withdrawals from their 457(b) accounts if they suffered adverse financial consequences as a result of COVID-19. Mosby said in the summer of 2020 that the businesses she owned were in name only.
Mosby had to close on the condo in February of 2021. According to the indictment, Mosby had over $31,000 in her bank account.
The condo is described by the listing as a "stone's throw away from the shoreline" with wrap-around decks that offer views of a landscape designed by a master gardener.
According to the indictment, Mosby wrote a letter to her lender, saying her husband would give her $5,000 at the end of the loan. When a person is short on money, they can submit a gift letter to get the money from a family member. It is not possible for a gift to be something the recipient has to repay.
Nick Mosby is accused of not giving his wife the $5,000 he said he would. Marilyn Mosby wired money to her husband before she got her next paycheck, which would have paid for her down payment. According to the indictment of his wife, Nick Mosby put the money into his savings account and then sent it to the loan agent. Mosby has not been charged with a crime.
Mosby neglected to mention a tax liens against her or her husband on the mortgage application. Later that year, they paid off the lien.
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