When Mosby applied for two loans against her 457(b) retirement plan, she signed paperwork saying she “suffered adverse financial consequences” due to Covid-19, according to the indictment. However, the indictment says his 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 2020 from his retirement account, according to the indictment.
The money Mosby received was allegedly used to purchase two vacation homes in Florida, and she is also accused of making false statements on mortgage applications, according to the indictment.
She got 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 back federal taxes, according to the ‘indictment.
Additionally, Mosby reportedly said she would be the primary resident of one of the homes for at least a year in order to qualify for a lower mortgage rate. But she had already made a deal with a vacation home management company to rent the house the previous week, according to the indictment.
Mosby’s attorney said she was innocent of the charges.
“I remain confident that once all the evidence is presented, she will prevail against these bogus charges – charges rooted in personal, political and racial animosity five months after her election,” attorney A. Scott Bolden said in a statement. .
“We’re not commenting beyond what’s on the indictment. That speaks for itself,” Marcia Murphy, spokeswoman for Maryland U.S. Attorney Erek Barron, told CNN.
Mosby will have a first appearance in U.S. District Court in Baltimore, but a hearing has not yet been scheduled, according to the U.S. Attorney’s Office.
Mosby was elected Baltimore City Attorney in 2014 and re-elected in 2018.