Showing posts with label Paul Manafort. Show all posts
Showing posts with label Paul Manafort. Show all posts

Monday, October 30, 2017

Federal grand jury indictment against Manafort, Gates


Former Trump campaign chairman Paul Manafort and former Trump campaign official Rick Gates surrendered Monday to Justice Department special counsel Robert Mueller, according to a source with direct knowledge of the matter.

Read the unsealed federal grand jury indictment against Manfort and Gates:

All the Lavish Things Paul Manafort Allegedly Bought With Laundered Money

FBI-Carried-Out-Early-Morning-Raid-On-Manaforts-Apartment-As-Part-Of-Muellers-Russia-Investigation
Former Trump campaign manager Paul Manafort and his associate Richard Gates were charged Monday with engaging in money laundering, in part to hide payments from Ukraine. “In furtherance of the scheme,” the indictment accuses the two of using offshore accounts to pay a list of vendors in what it alleges are illegal wire transfers, which allowed them to avoid U.S. reporting and taxation rules.

“In order to use the money in the offshore nominee accounts of the Manafort–Gates entities without paying taxes on it, Manafort and Gates caused millions of dollars in wire transfers from these accounts to be made for goods, services, and real estate,” according to the indictment.

As a result of the more than $75 million that allegedly went through hidden offshore accounts, Manafort “used his hidden overseas wealth to enjoy a lavish lifestyle in the United States, without paying taxes on that income,” the indictment claims. It alleges Manafort laundered more than $18 million to buy personal property, goods, and services.

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