Now jailbound ex-Baltimore DA Marilyn Mosby faces losing luxury Florida ... trends now
Former Baltimore DA Marilyn Mosby could be about to lose her Florida vacation condo - the same property she was found to have bought fraudulently, days after revealing she plans to ask for a presidential pardon to avoid a lengthy jail term.
Mosby, 44, bought the property in February 2021 for $476,000 but the feds are now looking to seize it and sell the place.
If there are profits from the sale, Mosby would get back her original $47,600 down payment, prosecutors have stated.
During her trial on perjury and mortgage fraud charges, the court heard how Mosby lied on her mortgage application for a $428,000 loan for the Longboat Key, Florida home, including the false claim she received a $5,000 gift from her husband.
Prosecutors said she claimed to receive the $5,000 in order to secure a lower interest rate, while in actual fact she sent the funds to her husband first for him to then send it back to her in what was seen as a financial sleight of hand.
This luxury condo located in Longboat Key, Florida was the property that Mosby lied about on mortgage documents
Former Baltimore DA Marilyn Mosby, 44, faces up to 40 years in prison. She is seeking a presidential pardon, maintaining her innocence citing political motives for her prosecution
Federal prosecutors have now filed notice that they will look to seize the property, likely on the same day as Mosby's May 23 sentencing.
The condominium sits along Florida's Gulf Coast and is nicknamed 'The Tree House'.
The home is one of two Florida vacation properties Mosby purchased during the coronavirus pandemic using money withdrawn from her city retirement account.
Mosby took about $90,000 in order to put down payments on the two homes.
But prosecutors said Mosby lied in order to make early withdrawals about claiming she had suffered a pandemic-related financial setback under the CARES Act, federal legislation that offered emergency economic relief during the health crisis.
Prosecutors said Mosby was earning a gross annual salary of nearly $250,000 at the time as state's attorney for Baltimore.
At her trial, prosecutor Aaron Zelinsky explained how she repeatedly lied on the mortgage applications, telling the court: 'She was the top prosecutor in the city of Baltimore and oversaw hundreds of lawyers.
'You know what prosecutors know a lot about? Fraud. Mortgage fraud.'
A federal jury agreed with Mosby convicting her of two counts of perjury last November.
In January at her second trial, the government alleged Mosby had lied repeatedly by applying for mortgages on the two properties, which were worth almost $1 million in total.
Mosby already sold the second home for $696,000. She paid $545,000 for the eight-bedroom house in Kissimmee, near Disney World, in September 2020.
Mosby falsely claimed she was facing COVID-related financial troubles in order to use her city retirement fund to help her buy a property in Kissimmee. She claimed this home was a second residence in order to get a lower interest rate
Mosby was took about $90,000 out of her retirement account order to put down payments on the two homes. But she was already earning a gross annual salary of nearly $250,000 at the time as state's attorney for Baltimore
Mosby faces up to 40 years in prison at her sentencing. Conviction on a single count of making a false mortgage application carries a maximum sentence of 30 years in federal prison.
Mosby also faces up to five years in prison for each of the two perjury counts.
Mosby has said she was innocent of wrongdoing and the victim of a politically motivated prosecution by adversaries in the Maryland U.S. Attorney's Office who were out to spoil
