Anonymous wrote:

Anonymous wrote:This case is leftover from the Trump presidency. There's still a bunch of his goons running around DOJ.

If DJT was re-elected, my guess is that he was going to use DOJ on places like Baltimore and Chicago to launch politically-motivated investigations. Just more fodder for Fox News.

DJT does not care about Baltimore taking down Baltimore politicians.

Anonymous wrote:This case is leftover from the Trump presidency. There's still a bunch of his goons running around DOJ.

If DJT was re-elected, my guess is that he was going to use DOJ on places like Baltimore and Chicago to launch politically-motivated investigations. Just more fodder for Fox News.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not clear What CARES fund she used - for PPP?

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.

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?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What triggered the review? It says the Feds asked for finances going back to 2014. You need probable cause to look at someone's mortgage documents. Did the bank report her? Further, how did they even identify that she had an agreement with a vacation rental management company?

I guarantee that the Feds are not looking at the mortgage financing documents of Senators, Governors, and other DAs. Many of whom have hinky stuff like this.

Also, I guarantee the retirement loan charge will get thrown out of court. That's a laughable charge. The language in the statute is so widely written you can drive a truck through it. I'm a federal employee who kept their job and my agency was sending all these emails about how we could tap our thrift balance for any impact related to COVID. If Mosby gave money to her family members during the pandemic, that's considered an economic impact. The burden of proof on this charge will be very high for the Feds to prove. It's a laughable charge.

She broke several laws.....And, she met NONE of the requirements for the withdrawal of money.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

According to charging documents, Mosby in May 2020 requested a one-time withdrawal of $40,000 from her city retirement account, falsely certifying under penalty of perjury that she had experienced financial hardship as a result of “being quarantined, furloughed or laid off,” “having reduced work hours,” “being unable to work due to lack of child care” or “the closing of reduction of hours of a business I own or operate.”

In fact, her 2020 salary was nearly $248,000 and was unaffected by the pandemic. “Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,” charging documents say.

Mosby received $36,000 in withdrawal money and put it toward a down payment for a vacation home in Kissimmee, Fla. The indictment alleges that she lied in order to lower the mortgage’s interest rate: she purportedly told lenders it would serve as a second home, but a week earlier had signed an agreement with a vacation home management company to list the property for short-term rentals.

Mosby also allegedly lied to mortgage lenders about tax liabilities. The IRS filed a $45,022 lien against her in March 2020 for unpaid back taxes, but she did not disclose in the September 2020 application that she owed significant amounts of federal taxes nor that she was delinquent.

She purchased the Kissimmee home for a total of $545,000 in September 2020. It served as a rental property until she sold it in November 2021 for a $150,000 profit.

Here is what started the probe:

She and her husband, City Council President Nick Mosby, have been under federal investigation since at least February 2021, when the FBI issued subpoenas tied to their financial records.

The probe began after a city investigation into her travel by Inspector General Isabel Mercedes Cumming. Mosby requested the investigation herself, after she was criticized for failing to clear travel paid for by third parties, such as nonprofits, with Baltimore’s spending board. Cumming’s OIG report faulted her, but City Solicitor Jim Shea said in a legal opinion that the city’s policy on third party travel funding was unclear.

https://www.wypr.org/wypr-news/2022-01-13/marilyn-mosby-indicted-for-perjury-false-mortgage-applications

How do you know whether she or her husband never got COVID?

I don't. But, she did not experience a financial hardship if she did.......and that is what the guidelines state.

“Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,”

But that's not what they state, which is the point. Having your own income reduced is only one of the many possible reasons you were allowed to get one of these withdrawals. According to the IRS webpage:

"You are a qualified individual if –

You are diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention;
Your spouse or dependent is diagnosed with SARS-CoV-2 or with COVID-19 by a test approved by the Centers for Disease Control and Prevention;
You experience adverse financial consequences as a result of being quarantined, being furloughed or laid off, or having work hours reduced due to SARS-CoV-2 or COVID-19;
You experience adverse financial consequences as a result of being unable to work due to lack of child care due to SARS-CoV-2 or COVID-19; or
You experience adverse financial consequences as a result of closing or reducing hours of a business that you own or operate due to SARS-CoV-2 or COVID-19."https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers

It's odd that they indictment only addresses one of these. If she, her husband, or her kids got COVID, she qualified. If her spouse got quarantined, lost hours, or got laid off, she qualified. If her childcare closed and her spouse couldn't work, she qualified. I doubt there's anyone in the country that didn't qualify for one of these exceptions. You can drive a truck through them.

When Mosby applied for two loans against her 457(b) retirement plan, she signed documents that indicated she "experienced adverse financial consequences" due to Covid-19, according to the indictment. However, the indictment said her 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 of 2020 from her retirement account, according to the indictment.
The money Mosby received allegedly went toward the purchase of two vacation homes in Florida, and she is also charged with making false statements on the mortgage applications, according to the indictment.

She secured 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 federal back taxes, the indictment says.
Additionally, Mosby allegedly stated that she would be the primary resident of one of the homes for at least a year in order to receive a lower mortgage rate. But she had already entered an agreement with a vacation home management company to rent out the house the week before, the indictment alleges.

Anonymous wrote:

Anonymous wrote:Not clear What CARES fund she used - for PPP?

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.

Anonymous wrote:Not clear What CARES fund she used - for PPP?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What triggered the review? It says the Feds asked for finances going back to 2014. You need probable cause to look at someone's mortgage documents. Did the bank report her? Further, how did they even identify that she had an agreement with a vacation rental management company?

I guarantee that the Feds are not looking at the mortgage financing documents of Senators, Governors, and other DAs. Many of whom have hinky stuff like this.

Also, I guarantee the retirement loan charge will get thrown out of court. That's a laughable charge. The language in the statute is so widely written you can drive a truck through it. I'm a federal employee who kept their job and my agency was sending all these emails about how we could tap our thrift balance for any impact related to COVID. If Mosby gave money to her family members during the pandemic, that's considered an economic impact. The burden of proof on this charge will be very high for the Feds to prove. It's a laughable charge.

She broke several laws.....And, she met NONE of the requirements for the withdrawal of money.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

According to charging documents, Mosby in May 2020 requested a one-time withdrawal of $40,000 from her city retirement account, falsely certifying under penalty of perjury that she had experienced financial hardship as a result of “being quarantined, furloughed or laid off,” “having reduced work hours,” “being unable to work due to lack of child care” or “the closing of reduction of hours of a business I own or operate.”

In fact, her 2020 salary was nearly $248,000 and was unaffected by the pandemic. “Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,” charging documents say.

Mosby received $36,000 in withdrawal money and put it toward a down payment for a vacation home in Kissimmee, Fla. The indictment alleges that she lied in order to lower the mortgage’s interest rate: she purportedly told lenders it would serve as a second home, but a week earlier had signed an agreement with a vacation home management company to list the property for short-term rentals.

Mosby also allegedly lied to mortgage lenders about tax liabilities. The IRS filed a $45,022 lien against her in March 2020 for unpaid back taxes, but she did not disclose in the September 2020 application that she owed significant amounts of federal taxes nor that she was delinquent.

She purchased the Kissimmee home for a total of $545,000 in September 2020. It served as a rental property until she sold it in November 2021 for a $150,000 profit.

Here is what started the probe:

She and her husband, City Council President Nick Mosby, have been under federal investigation since at least February 2021, when the FBI issued subpoenas tied to their financial records.

The probe began after a city investigation into her travel by Inspector General Isabel Mercedes Cumming. Mosby requested the investigation herself, after she was criticized for failing to clear travel paid for by third parties, such as nonprofits, with Baltimore’s spending board. Cumming’s OIG report faulted her, but City Solicitor Jim Shea said in a legal opinion that the city’s policy on third party travel funding was unclear.

https://www.wypr.org/wypr-news/2022-01-13/marilyn-mosby-indicted-for-perjury-false-mortgage-applications

How do you know whether she or her husband never got COVID?

I don't. But, she did not experience a financial hardship if she did.......and that is what the guidelines state.

“Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,”

But that's not what they state, which is the point. Having your own income reduced is only one of the many possible reasons you were allowed to get one of these withdrawals. According to the IRS webpage:

"You are a qualified individual if –

You are diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention;
Your spouse or dependent is diagnosed with SARS-CoV-2 or with COVID-19 by a test approved by the Centers for Disease Control and Prevention;
You experience adverse financial consequences as a result of being quarantined, being furloughed or laid off, or having work hours reduced due to SARS-CoV-2 or COVID-19;
You experience adverse financial consequences as a result of being unable to work due to lack of child care due to SARS-CoV-2 or COVID-19; or
You experience adverse financial consequences as a result of closing or reducing hours of a business that you own or operate due to SARS-CoV-2 or COVID-19."https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers

It's odd that they indictment only addresses one of these. If she, her husband, or her kids got COVID, she qualified. If her spouse got quarantined, lost hours, or got laid off, she qualified. If her childcare closed and her spouse couldn't work, she qualified. I doubt there's anyone in the country that didn't qualify for one of these exceptions. You can drive a truck through them.

I can guarantee that they had at least some childcare issues since they have two elementary-school-aged kids, but they didn’t suffer financial consequences that I can tell.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What triggered the review? It says the Feds asked for finances going back to 2014. You need probable cause to look at someone's mortgage documents. Did the bank report her? Further, how did they even identify that she had an agreement with a vacation rental management company?

I guarantee that the Feds are not looking at the mortgage financing documents of Senators, Governors, and other DAs. Many of whom have hinky stuff like this.

Also, I guarantee the retirement loan charge will get thrown out of court. That's a laughable charge. The language in the statute is so widely written you can drive a truck through it. I'm a federal employee who kept their job and my agency was sending all these emails about how we could tap our thrift balance for any impact related to COVID. If Mosby gave money to her family members during the pandemic, that's considered an economic impact. The burden of proof on this charge will be very high for the Feds to prove. It's a laughable charge.

She broke several laws.....And, she met NONE of the requirements for the withdrawal of money.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

According to charging documents, Mosby in May 2020 requested a one-time withdrawal of $40,000 from her city retirement account, falsely certifying under penalty of perjury that she had experienced financial hardship as a result of “being quarantined, furloughed or laid off,” “having reduced work hours,” “being unable to work due to lack of child care” or “the closing of reduction of hours of a business I own or operate.”

In fact, her 2020 salary was nearly $248,000 and was unaffected by the pandemic. “Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,” charging documents say.

Mosby received $36,000 in withdrawal money and put it toward a down payment for a vacation home in Kissimmee, Fla. The indictment alleges that she lied in order to lower the mortgage’s interest rate: she purportedly told lenders it would serve as a second home, but a week earlier had signed an agreement with a vacation home management company to list the property for short-term rentals.

Mosby also allegedly lied to mortgage lenders about tax liabilities. The IRS filed a $45,022 lien against her in March 2020 for unpaid back taxes, but she did not disclose in the September 2020 application that she owed significant amounts of federal taxes nor that she was delinquent.

She purchased the Kissimmee home for a total of $545,000 in September 2020. It served as a rental property until she sold it in November 2021 for a $150,000 profit.

Here is what started the probe:

She and her husband, City Council President Nick Mosby, have been under federal investigation since at least February 2021, when the FBI issued subpoenas tied to their financial records.

The probe began after a city investigation into her travel by Inspector General Isabel Mercedes Cumming. Mosby requested the investigation herself, after she was criticized for failing to clear travel paid for by third parties, such as nonprofits, with Baltimore’s spending board. Cumming’s OIG report faulted her, but City Solicitor Jim Shea said in a legal opinion that the city’s policy on third party travel funding was unclear.

https://www.wypr.org/wypr-news/2022-01-13/marilyn-mosby-indicted-for-perjury-false-mortgage-applications

How do you know whether she or her husband never got COVID?

I don't. But, she did not experience a financial hardship if she did.......and that is what the guidelines state.

“Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,”

But that's not what they state, which is the point. Having your own income reduced is only one of the many possible reasons you were allowed to get one of these withdrawals. According to the IRS webpage:

"You are a qualified individual if –

You are diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention;
Your spouse or dependent is diagnosed with SARS-CoV-2 or with COVID-19 by a test approved by the Centers for Disease Control and Prevention;
You experience adverse financial consequences as a result of being quarantined, being furloughed or laid off, or having work hours reduced due to SARS-CoV-2 or COVID-19;
You experience adverse financial consequences as a result of being unable to work due to lack of child care due to SARS-CoV-2 or COVID-19; or
You experience adverse financial consequences as a result of closing or reducing hours of a business that you own or operate due to SARS-CoV-2 or COVID-19."https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers

It's odd that they indictment only addresses one of these. If she, her husband, or her kids got COVID, she qualified. If her spouse got quarantined, lost hours, or got laid off, she qualified. If her childcare closed and her spouse couldn't work, she qualified. I doubt there's anyone in the country that didn't qualify for one of these exceptions. You can drive a truck through them.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What triggered the review? It says the Feds asked for finances going back to 2014. You need probable cause to look at someone's mortgage documents. Did the bank report her? Further, how did they even identify that she had an agreement with a vacation rental management company?

I guarantee that the Feds are not looking at the mortgage financing documents of Senators, Governors, and other DAs. Many of whom have hinky stuff like this.

Also, I guarantee the retirement loan charge will get thrown out of court. That's a laughable charge. The language in the statute is so widely written you can drive a truck through it. I'm a federal employee who kept their job and my agency was sending all these emails about how we could tap our thrift balance for any impact related to COVID. If Mosby gave money to her family members during the pandemic, that's considered an economic impact. The burden of proof on this charge will be very high for the Feds to prove. It's a laughable charge.

She broke several laws.....And, she met NONE of the requirements for the withdrawal of money.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

According to charging documents, Mosby in May 2020 requested a one-time withdrawal of $40,000 from her city retirement account, falsely certifying under penalty of perjury that she had experienced financial hardship as a result of “being quarantined, furloughed or laid off,” “having reduced work hours,” “being unable to work due to lack of child care” or “the closing of reduction of hours of a business I own or operate.”

In fact, her 2020 salary was nearly $248,000 and was unaffected by the pandemic. “Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,” charging documents say.

Mosby received $36,000 in withdrawal money and put it toward a down payment for a vacation home in Kissimmee, Fla. The indictment alleges that she lied in order to lower the mortgage’s interest rate: she purportedly told lenders it would serve as a second home, but a week earlier had signed an agreement with a vacation home management company to list the property for short-term rentals.

Mosby also allegedly lied to mortgage lenders about tax liabilities. The IRS filed a $45,022 lien against her in March 2020 for unpaid back taxes, but she did not disclose in the September 2020 application that she owed significant amounts of federal taxes nor that she was delinquent.

She purchased the Kissimmee home for a total of $545,000 in September 2020. It served as a rental property until she sold it in November 2021 for a $150,000 profit.

Here is what started the probe:

She and her husband, City Council President Nick Mosby, have been under federal investigation since at least February 2021, when the FBI issued subpoenas tied to their financial records.

The probe began after a city investigation into her travel by Inspector General Isabel Mercedes Cumming. Mosby requested the investigation herself, after she was criticized for failing to clear travel paid for by third parties, such as nonprofits, with Baltimore’s spending board. Cumming’s OIG report faulted her, but City Solicitor Jim Shea said in a legal opinion that the city’s policy on third party travel funding was unclear.

https://www.wypr.org/wypr-news/2022-01-13/marilyn-mosby-indicted-for-perjury-false-mortgage-applications

How do you know whether she or her husband never got COVID?

I don't. But, she did not experience a financial hardship if she did.......and that is what the guidelines state.

“Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,”

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What triggered the review? It says the Feds asked for finances going back to 2014. You need probable cause to look at someone's mortgage documents. Did the bank report her? Further, how did they even identify that she had an agreement with a vacation rental management company?

I guarantee that the Feds are not looking at the mortgage financing documents of Senators, Governors, and other DAs. Many of whom have hinky stuff like this.

Also, I guarantee the retirement loan charge will get thrown out of court. That's a laughable charge. The language in the statute is so widely written you can drive a truck through it. I'm a federal employee who kept their job and my agency was sending all these emails about how we could tap our thrift balance for any impact related to COVID. If Mosby gave money to her family members during the pandemic, that's considered an economic impact. The burden of proof on this charge will be very high for the Feds to prove. It's a laughable charge.

She broke several laws.....And, she met NONE of the requirements for the withdrawal of money.

A question I have..... she reportedly made $150,000 on the sale of the first FL property. Why did she not pay of her taxes at that point?

According to charging documents, Mosby in May 2020 requested a one-time withdrawal of $40,000 from her city retirement account, falsely certifying under penalty of perjury that she had experienced financial hardship as a result of “being quarantined, furloughed or laid off,” “having reduced work hours,” “being unable to work due to lack of child care” or “the closing of reduction of hours of a business I own or operate.”

In fact, her 2020 salary was nearly $248,000 and was unaffected by the pandemic. “Rather than experiencing a reduction in income in 2020, Mosby’s gross salary in 2020 increased over her gross salary in 2019, which was $238,772.04,” charging documents say.

Mosby received $36,000 in withdrawal money and put it toward a down payment for a vacation home in Kissimmee, Fla. The indictment alleges that she lied in order to lower the mortgage’s interest rate: she purportedly told lenders it would serve as a second home, but a week earlier had signed an agreement with a vacation home management company to list the property for short-term rentals.

Mosby also allegedly lied to mortgage lenders about tax liabilities. The IRS filed a $45,022 lien against her in March 2020 for unpaid back taxes, but she did not disclose in the September 2020 application that she owed significant amounts of federal taxes nor that she was delinquent.

She purchased the Kissimmee home for a total of $545,000 in September 2020. It served as a rental property until she sold it in November 2021 for a $150,000 profit.

Here is what started the probe:

She and her husband, City Council President Nick Mosby, have been under federal investigation since at least February 2021, when the FBI issued subpoenas tied to their financial records.

The probe began after a city investigation into her travel by Inspector General Isabel Mercedes Cumming. Mosby requested the investigation herself, after she was criticized for failing to clear travel paid for by third parties, such as nonprofits, with Baltimore’s spending board. Cumming’s OIG report faulted her, but City Solicitor Jim Shea said in a legal opinion that the city’s policy on third party travel funding was unclear.

https://www.wypr.org/wypr-news/2022-01-13/marilyn-mosby-indicted-for-perjury-false-mortgage-applications

How do you know whether she or her husband never got COVID?