The jury on Wednesday unanimously found Mark Smith guilty on all counts of wire fraud and money laundering in the Guam Housing and Urban Renewal Authority fraud case.
Smith was indicted for receiving rent payments under GHURA’s Section 8 housing program although he served as GHURA’s legal counsel and thus had a conflict of interest.
To avoid the conflict of interest, Smith was accused of asking his friend Glenn Wong to set up a bank account to receive Section 8 wire transfers and then give that money directly to Smith.
The verdict was read before Chief Judge Ramona Manglona. Sentencing has been set for March 8, 2022, at 9:30 am.
Defense lawyer Atty. Mike Phillips has filed for JNOV (judgment notwithstanding the verdict) which is defined as a judgment by the judge after a jury has issued a verdict, setting aside the jury’s verdict and entering a judgment in favor of the losing party without a new trial.
The defense has been ordered to file a written motion for judgment of acquittal by Dec. 22.