Tags: Law Enforcement | Russia Probe | fbi | special counsel | robert mueller | paul manafort | bank fraud

Politico: Mueller Team Has New Proof of Manafort Bank Fraud

Politico: Mueller Team Has New Proof of Manafort Bank Fraud
Former Trump campaign chairman Paul Manafort (Matt Rourke/AP)

By    |   Friday, 16 February 2018 10:34 PM

FBI special counsel Robert Mueller's office has told a federal judge it has found evidence former Trump campaign chairman Paul Manafort committed bank fraud not addressed in an indictment last October, Politico reported.

As legal wrangling continues over a $10 million bail package for Manafort, prosecutors accused him of submitting false information to a bank in connection with one of his mortgages, Politico reported.

"The proposed package is deficient in the government's view, in light of additional criminal conduct that we have learned since the Court's initial bail determination," prosecutors wrote in a court filing submitted Tuesday and made public Friday night.

"That criminal conduct includes a series of bank frauds and bank fraud conspiracies."

Mueller's office does not say in the filing whether it intends to bring criminal charges.

According to the filing, Manafort obtained a mortgage using "doctored profit and loss statements" overstating "by millions of dollars" the income for his consulting company, DMP International.

Politico reported the reference appears to be to a $9.5 million mortgage that Federal Savings Bank of Chicago extended in late 2016 to a Manafort-linked firm, Summerbreeze LLC.

A report in The Wall Street Journal last year said investigators from the office of New York Attorney General Eric Schneiderman were examining loans Manafort obtained in connection with various real estate transactions, including mortgages issued by Federal Savings Bank, whose chairman, Stephen Calk, was an economic adviser to the Trump campaign.

Manafort has been under house arrest at his condominium in Alexandria, Virginia, since he was indicted in October along with Rick Gates, a business partner and Trump campaign deputy.

Jackson has signaled a willingness to release Manafort in exchange for $10 million in security; prosecutors, the judge, and defense lawyers have been at odds over formulations Manafort has proposed.

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FBI special counsel Robert Mueller's investigators told the court this week they have uncovered new evidence of more bank fraud committed by former Trump campaign chairman Paul Manafort, according to a Politico report.
fbi, special counsel, robert mueller, paul manafort, bank fraud
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2018-34-16
Friday, 16 February 2018 10:34 PM
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