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Verdict Reached: Marilyn Mosby found guilty of one of her two mortgage fraud charges

Marilyn Mosby found guilty of one of her two mortgage fraud charges
Marilyn Mosby found guilty of one of her two mortgage fraud charges 03:09

BALTIMORE -- Former Baltimore City State's Attorney Marilyn Mosby has been found guilty of one of her two mortgage fraud charges.

The jury decided on the split verdict after deliberating for about eight hours.

Mosby was on trial for mortgage fraud in relation to her two Florida vacation homes.

A sentencing date has not yet been set for Mosby. She is also facing sentencing after she was found guilty of two counts of perjury last November.

A federal jury convicted Mosby, 44, on the federal charge of making a false mortgage application when she was Baltimore City State's Attorney, relating to the purchase of a condominium in Long Boat Key, Florida.  

The jury acquitted her of making a false mortgage application related to her purchase of a home in Kissimmee, Florida. 

Split verdict in Marilyn Mosby's federal mortgage fraud trial 04:54

She left the courtroom on Tuesday without commenting. 

The crowd of supporters chanted, "We love Marilyn," as Mosby got into a vehicle.

"We humbly respect the court's considered rulings, opposing counsels' zealous advocacy, and the wisdom of both jury verdicts in this case and we remain focused on our mission to uphold the rule of law," said U.S. Attorney Erik Barron.

Mosby faces a maximum of 30 years in federal prison for making a false mortgage application.  

According to the evidence presented at trial, in February 2021, Mosby made a false statement in an application for a $428,400 mortgage to purchase a condominium in Long Boat Key, Florida.  

As part of the application, Mosby falsely stated that she had received a $5,000 gift from her then-husband, Baltimore City Council President Nick Mosby, to be applied to the purchase of the property, according to the Department of Justice. 

According to the evidence presented at trial, Mosby made this statement in order to secure a lower interest rate. 

The DOJ says it was determined that Mosby did not receive a $5,000 gift from her husband, but rather transferred $5,000 to him, and he then transferred the $5,000 back to her.

Marilyn and Nick Mosby were once Baltimore's power couple, but they testified their high profile, coupled with lies he told her about his tax debts caused their marriage to crumble.

Both made the details public at her trial for mortgage fraud.

She told the jury she bought vacation homes in Florida for financial independence: She had never owned any property before—and with her marriage on the rocks—she thought it was a good idea.

Marilyn Mosby outside a federal courthouse in Greenbelt, Maryland as jurors deliberate in her mortgage fraud trial  Mike Hellgren, WJZ

But prosecutors said she lied on mortgage documents to get lower interest rates—not telling her lenders she had a tax lien and promising she would not rent out a home near Disney World—when she'd already signed a contract to do just that. 

The mortgage fraud trial brought dramatic testimony from both Marilyn and Nick Mosby.

He revealed the extent of his financial problems—his car repossessed, in default on student loans, behind on his mortgage.

She told jurors about the stress of being Baltimore City State's Attorney, starting with death threats after her decision to prosecute officers for Freddie Gray's death in 2015.

Supporters stood by Mosby, holding vigil outside the courthouse, as she fought the charges.

She has forcefully maintained her innocence

Mosby has yet to be sentenced for perjury after a jury convicted her in November of lying to improperly take withdrawals from her retirement account under the guise of COVID relief. 

She faces a maximum sentence of five years in federal prison for each of the two counts of perjury.  

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