Tags: Russia Probe | manafort | indictment | money | laundered | property

Indictment: Manafort Spent Bulk of $18M of Laundered Money on Property

Image: Indictment: Manafort Spent Bulk of $18M of Laundered Money on Property
(Matt Rourke/AP Photo)

By    |   Monday, 30 October 2017 12:44 PM

The indictment against Paul Manafort alleges that the former campaign chairman to President Donald Trump spent nearly 80 percent of the laundered $18 million on real estate and home improvements.

Manafort was hit with a 12-count indictment Monday, including conspiracy against the United States, at the hands of special counsel Robert Mueller's investigation into Russia's meddling in the 2016 election.

Further, from 2008 until 2014, Manafort also is alleged to have wired more than $18 million from offshore accounts to "enjoy a lavish lifestyle in the United States, without paying income taxes on that income," the indictment reads.

The source of  "tens of millions of dollars of income" Manafort was trying to conceal: "Unregistered agents of the government of Ukraine" and former President Victor Yanukovych.

How Manafort spent some of that $18 million, according to the indictment:

  • Manafort wired $6.4 million toward the purchases of three properties in New York and Virginia.
  • Manafort wired $5.4 to a home improvement company in the Hamptons over a six-year period.
  • He wired $1.3 million to a home automation, lighting and home entertainment company in Florida over a 2-year period.
  • Wired more than $934,000 to an antique rug store in Alexandria, Virginia.
  • Wired more nearly $850,000 to a men's clothing store in New York City.
  • Wired more than $655,000 to a landscaper in the Hamptons.
  • Wired $163,000 for 3 Range Rovers in 2012.

Manafort wired another $63,000 in 2012 to purchase a Mercedes Benz, and $47,000 in 2008 for a Range Rover.

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The indictment against Paul Manafort alleges that the former campaign chairman to President Donald Trump spent nearly 80 percent of the laundered $18 million on real estate and home improvements.
manafort, indictment, money, laundered, property
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2017-44-30
Monday, 30 October 2017 12:44 PM
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