Baltimore state's attorney indicted on federal charges

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#26

Ex-top Baltimore Prosecutor Marilyn Mosby is CONVICTED of Mortgage Fraud after Using Bogus COVID Hardship Claim to raid her retirement funds and Buy Florida vacation home​


Baltimore's disgraced former District Attorney Marilyn Mosby gave wracked sobs as she was convicted of mortgage fraud, meaning she now faces decades in prison.

Mosby, a Democrat, was on Tuesday convicted of using a bogus COVID hardship claim to tap into her retirement funds to buy one of two Florida vacation homes. she owns.

The former top prosecutor, who served two terms as Baltimore's state attorney, was found guilty on Tuesday on one count of mortgage fraud for lying on financial documents regarding a luxury condo she purchased in Long Boat Key located on Florida's Gulf Coast.

She began crying as jurors began by clearing her of a similar charge, lying on an application form to get a mortgage on a second property in Kissimmee, Florida.

Mosby was convicted of perjury last year. She faces up to 30 years in prison for the January 2022 mortgage fraud and another 10 for the perjury convictions, with sentencing yet to be scheduled.

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Baltimore's former top prosecutor Marilyn Mosby leaves a Maryland court on Tuesday after she was found guilty on one count of mortgage fraud for lying on financial documents

www.dailymail.co.uk

Ex-top Baltimore prosecutor is convicted of mortgage fraud and

Ex-top Baltimore prosecutor Marilyn Mosby has been convicted of mortgage fraud after using bogus COVID hardship claim to raid her retirement funds and buy Florida vacation homes.
www.dailymail.co.uk www.dailymail.co.uk
 
#27
#27
So let me get this straight... she used money from her own retirement fund to buy a retirement home?
 
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#28
Rasputin_Vol said:
So let me get this straight... she used money from her own retirement fund to buy a retirement home?
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There are penalties for early withdrawal or fraudulent withdrawal of our tax deferred retirement accounts.

I absolutely love how our elected officials pass laws with restrictions on us but don’t expect the same restrictions to apply to them. Sadly, too often they don’t….
 
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#32
#32
hog88 said:
It is BS but she broke the law even though it’s a BS law.
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There are mechanisms by which one can remove retirement funds early. She apparently thought she didn’t have to play by the same rules as everyone else.

Which is especially egregious, as it is (was) her job to hold others accountable for breaking the rules.
 
#33
#33
wmcovol said:
There are penalties for early withdrawal or fraudulent withdrawal of our tax deferred retirement accounts.
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Yeah, I understand that. Why do these laws exist? And is it really worthy of going to jail?

wmcovol said:
I absolutely love how our elected officials pass laws with restrictions on us but don’t expect the same restrictions to apply to them. Sadly, too often they don’t….
Click to expand...
Yeah, I understand this, also. A two tiered legal system... but this is a victimless "crime".
 
#34
#34
Rasputin_Vol said:
Yeah, I understand that. Why do these laws exist? And is it really worthy of going to jail?


Yeah, I understand this, also. A two tiered legal system... but this is a victimless "crime".
Click to expand...
Since 1913, the federal government has had the right to tax every dollar you make. There are limited ways you can avoid paying taxes on every dollar, one is to contribute to a qualified retirement plan but early withdrawal tax penalties apply if you chose to take the money out early. She chose to risk going to jail instead of paying her taxes. Thousands of Americans in the past have made the same choice. Those that get caught pay to stiff price to encourage you & me to pay our taxes.

The thousands of new IRS agents being added are not going to collect cans to earn their keep. They’ll come after everyone they can.
 
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