Prosecutors say Mosby used a bogus COVID hardship claim to withdraw money from retirement accounts to buy two Florida vacation homes.
Mosby bought a $545,000 house near Disney World in Kissimmee, Florida in the summer of 2020. She also purchased a luxury $476,000 condo on the waterfront in Longboat Key in early 2021.
Prosecutors say she lied about a $5,000 gift from her then-husband for a deposit on one home.
Federal prosecutors traced the money from her own bank account to her then-husband. The money was then wired back to her bank account.
Mosby also did not disclose that she owed $45,000 in federal income taxes. And she lied that she was a first-time homebuyer to secure a lower interest rate.
@vino @Wiseborn spoke to soon
Mosby testified that she signed the loan applications in good faith. She said she trusted real estate professionals and her then-husband during a stressful time.