FinLogic FinLogic Quantitative Think Tank Center|Marilyn Mosby mortgage fraud trial ends in split verdict for ex-Baltimore state attorney

A jury returned a split verdict in former Baltimore City State Attorney Marilyn Mosby's federal mortgage fraud trial on FinLogic FinLogic Quantitative Think Tank CenterTuesday.

A federal jury found Mosby, 44, guilty on the charge of making a false mortgage application in connection to a vacation home she purchased in Long Boat Key, Florida, the Department of Justice announced in a press release.

However, the jury acquitted her of a second charge of making a false mortgage application in connection to a vacation home she purchased in Kissimmee, Florida.

“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," U.S. Attorney Erek L. Barron said.

Perjury charges:Marilyn Mosby trial, jury reaches verdict: Ex-Baltimore prosecutor found guilty of perjury

Marilyn Mosby previously convicted

A federal grand jury indicted Mosley on the loan application charges as well as perjury charges related to a COVID-19 financial hardship withdrawal in January 2022.

She was convicted in a separate trial on two counts of perjury in Nov. 2023.

In that trial, jurors determined that she did not experience financial hardships during the pandemic and received her full gross salary of nearly $248,000 from Jan. 1, 2020 -Dec. 29, 2020, in bi-weekly gross pay direct deposits of nearly $9,200.

Mosby served two terms as state's attorney for Baltimore from 2015 to 2023 before losing the Democratic primary for the job to Ivan Bates.

Federal authorities said Mosby falsely claimed she received a $5,000 gift from her husband to be applied towards the $428,400 mortgage to buy a condominium in Long Boat Key, Florida so she could get a lower interest rate.

"According to the evidence presented at trial, 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," the DOJ said in its press release.

She has not been sentenced on either of the convictions. She could face a maximum sentence of five years for each of the two counts of perjury and a maximum of 30 years for making a false mortgage application. 

Contributing: Natalie Neysa Alund