President Donald Trump’s former campaign chairman Paul Manafort surrenders four properties and money from several bank accounts in plea deal with Mueller Russia collusion probe

Federal Agencies  seize 4 of Manafort’s homes as part of plea deal with Mueller team. The former Trump campaign chair admitted to conspiracy charges

 

AIWA! NO!Paul Manafort, President Donald Trump’s former campaign chairman, is surrendering four properties and money from several bank accounts as a part of a plea deal with special counsel Robert Mueller.

Manafort has agreed to cooperate with Mueller’s investigation in exchange for reduced charges, according to the New York Times. As a part of the deal, he pleaded guilty to one charge of conspiracy and one charge of conspiracy to obstruct justice. Prosecutors dropped five other charges that included lobbying violations and money laundering.

He had said repeatedly that he would not cooperate with Mueller but reassessed his situation after his trial last month on separate charges. In that case, he was found guilty on eight counts of bank fraud, tax fraud and failure to report a foreign bank account.

During the trial, real estate was found to be one of the main ways Manafort made his deceptions. One such instance involved his Trump Tower condo, which he claimed as his primary residence. One of his associates, however, testified that Manafort was actually renting out the property.

Documents from the trial showed that Manafort said he had real estate interests worth $216 million. Most of those properties he co-owned with Jeffrey Yohai, his former son-in-law, through Baylor Holdings, LLC. Yohai, for his part, is in the midst of bankruptcy proceedings over four California properties owned by Baylor. He’s also being sued in New York for allegedly running a ponzi scheme.

The prosecution also claimed Manafort made bogus financial representations in order to obtain loans from banks. That included mortgages on the Trump Tower condo, as well as a townhome at 377 Union Street in Brooklyn and a condo at 29 Howard Street in Manhattan.

Manafort’s second trial on separate but related charges stemming from political consulting work he did in Ukraine was supposed to start next week.

The Real Deal interviewed Manafort’s real estate fixer Brad Zacksonlast summer, who said that the world was attacking his friend “for no reason.”  [NYT] – Eddie Small

Published by

Crimson Tazvinzwa

TEACHER & MEDIA TRAINER

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.