The chief prosecutor for the city of Baltimore has been indicted by a federal grand jury on two counts of perjury and two counts of making false statements on loan applications for the purchase of two vacation homes in Florida, according to court documents filed Thursday.
www.cnn.com
When Mosby applied for two loans against her 457(b) retirement plan, she signed documents that indicated she "experienced adverse financial consequences" due to Covid-19, according to the indictment. However, the indictment said her gross income in 2020 was $247,955.58, an increase of nearly $10,000 from the previous year.
Mosby received $36,000 in May and $45,000 in December of 2020 from her retirement account, according to the indictment.
The money Mosby received allegedly went toward the purchase of two vacation homes in Florida, and she is also charged with making false statements on the mortgage applications, according to the indictment.
She secured a $490,500 mortgage in 2020 and a $428,400 mortgage in 2021, but she did not disclose in the applications that she owed more than $45,000 in federal back taxes, the indictment says.
Additionally, Mosby allegedly stated that she would be the primary resident of one of the homes for at least a year in order to receive a lower mortgage rate. But she had already entered an agreement with a vacation home management company to rent out the house the week before, the indictment alleges.
She sold one of the properties in November for a $150,000 profit, the Baltimore Sun reported.
www.wsj.com
@Leigh.
