Reply to Marilyn Mosby, Baltimore State Attorney, indicted for perjury

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not clear What CARES fund she used - for PPP?[/quote]

She didn't use CARES funds.

The CARES Act allowed you to take a penalty free withdrawal from your retirement accounts if you or a member of your household got COVID or if you suffered any "adverse" financial situation due to COVID. Mosby took out that money from her own retirement funds and used the money as a downpayment on two homes in Florida.

The DOJ is saying she (1) lied and inappropriately took a withdrawal from her retirement account and (2) lied on her mortgage documents when she bought a vacation home (she did not disclose to the lender that she owed money to the IRS).

(1) is a laughable charge, it going to get tossed.
(2) has merit, but feels flimsy. She apparently told the lender it was a 2nd home, so she didn't get the primary household mortgage rate. As a 2nd home owner, you can hire a management company to maintain and rent the house while you're not using it. The thing about the IRS is legit. 
[/quote]

Then what's the problem? I also don't see closing companies doing a lot of DD before disbursing funds. She must have reported that income to IRS or she would do with 2021 taxes? [/quote]

Right, the CARES distribution from her 457 retirement fund would've been taxable income and taxes would've been withheld by the employer. The DOJ is claiming she didn't have a good excuse to take out the funds, but the law itself is written in such a way that anyone can have a financial hardship related to COVID (even if they didn't lose their job or income). We worked the entire time and definitely had COVID-related hardships for childcare, buying masks and tests, etc. If Mosby or her husband got sick with COVID, that would qualify.

The stuff about the mortgage fraud  feels flimsy. The DOJ is basically saying she bought it as an investment property, whereas she told the lender it was a 2nd home. Essentially, DOJ is saying that anyone who is renting their 2nd home on VRBO while owing a mortgage is committing fraud. It's bunk.

The final piece is the disclosure about owing the IRS money. She did not disclose it to the lender. But it's unclear to me if this is a long-standing debt, if it was in her husband's name, or if she even had proper notification from the IRS. This is the only charge with actual legs.

Anyways, the whole thing smells politically motivated. If she's guilty, then pretty much everyone who owns a 2nd home with a mortgage is guilty.[/quote]

How did it all started and how far back they went to look at her records? Was it before her service as a DA?[/quote]

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