Feds file notice of plan to seize Florida condo if Marilyn Mosby is found guilty of perjury and mortgage fraud

Federal prosecutors have told the court that the government plans to seize vacation condos on the Gulf Coast, Florida, if Baltimore attorney Marilyn Mosby is found guilty of perjury and mortgage fraud. submitted.

The city’s top prosecutor has filed two lawsuits related to early withdrawals from the city’s retirement accounts and the purchase of two Florida homes, an eight-bedroom home near Disney World and a two-bedroom condo in Longboat. He has been charged with perjury and two counts of mortgage fraud. key.

In court filings, prosecutors lied about Mosby experiencing adverse financial consequences for making early withdrawals from her retirement account under the CARES Act, and subsequently reimbursing her finances and Florida estate. said he lied about his plan to get better loan terms.

Mosby and her lawyers maintain her innocence, claiming the indictment was politically motivated and that a compelling racist prosecutor was leading the case against her.

Her trial is scheduled for September 19th. lost the July 19 primary I am planning to retire in January.

Prosecutors did not file a notice of plans to seize the Disney-area home. Mosby sold to a Baltimore County resident in November 2021 for a $150,000 profit.She bought the house for $545,000.

Mosby still owns the condo, according to online property records, which he bought in February 2021 for $476,000.

a Listing your property on Zillow It is currently valued at $747,500.

While Friday’s court filings were the first to specifically say prosecutors would seek to seize the condo, March filings said her criminal allegations “constituted or derived from He said he wanted the confiscation of his property.

Mosby’s lead attorney, A. Scott Bolden, said the government had “major hurdles” and questioned whether it would be appropriate for her to seize the house she bought with her own money.

Prosecutors say Mosby had no legal claim to early withdrawal from the retirement account she used as a down payment, but they do not dispute that the money in the account belonged to her.

“It’s nothing but overreach, overzealousness and overprosecution for my clients,” Bolden said. “Nevertheless, I look forward to vigorously defending Mr Mosby in September against government overreach.”

Prosecutors challenged Mosby’s purchase of the condo on the grounds that Mosby used his retirement savings to pay the down payment and that he had argued with the lender when the mortgage was approved. Unlike private sector employees’ retirement accounts, public employees cannot access their retirement accounts prior to retirement.

Congress temporarily relaxed these provisions under the first pandemic relief bill, the CARES Act, to allow people to be financially impacted or if a business they own is closed as a result of COVID-19. or enabled withdrawals from 457(b) accounts. I lost. Mosby’s salary actually increased in 2020, the year she withdrew and the first year of the pandemic.

Mosby needed $35,699.15 by February 19, 2021 to close the condo. According to the indictment, as of January 25, 2021, Mosby had just over $31,000 in her bank account.

Zillow’s listing describes the condo as an “enviable address,” “a stone’s throw from the shoreline,” and from the wraparound deck, you’ll enjoy a view of the landscape designed by a master gardener noted for its “outdoor brilliance.” Views are available.

Thousands short, Mosby Write a letter to her lender, saying her husband will give her $5,000 at closing, according to the indictment. Known as gift letters, people often submit these when they are short on down payment funds and can get money from family members. and must not be obliged to be repaid by the recipient.

But prosecutors allege that City Council Speaker Nick Mosby didn’t actually give his wife $5,000. According to her wife’s indictment, Mosby transferred the money to his savings account, then back it to another account and sent it to a lender. Nick Mosby has not been charged with any crime.

Mosby didn’t care either 2020 tax liens against her or her husband About this mortgage application, according to the indictment. They paid off his $45,000 lien later that year.