News

Law & the Courts

Manafort Found Guilty on Eight Counts of Tax and Bank Fraud

Paul Manafort departs a U.S. District Court after a motions hearing in Alexandria, Virginia, U.S., May 4, 2018. (Jonathan Ernst/File Photo/Reuters)

Former Trump campaign chairman Paul Manafort was found guilty on Tuesday afternoon on eight counts of financial crimes, while Judge T. S. Ellis declared a mistrial on ten other counts for which the jury was unable to reach a verdict.

Manafort was found guilty on five counts of tax fraud, one count of hiding foreign bank accounts, and two counts of bank fraud. Each count carries with it a maximum sentence of 30 years in prison, meaning he now faces up to 240 years behind bars.

Manafort has also been charged by Mueller with seven counts of obstruction of justice, failure to register as a foreign agent, and conspiracy to launder money. The trial on those charges is expected to start next month.

During the trial, prosecutors alleged Manafort misled a number of banks regarding his financial well-being in order to secure $20 million in loans after his lobbying business, which primarily contracted with Ukrainian political figures and parties, fell on hard times.

One of the banks in question, Federal Savings Bank, extended a loan to Manafort while one of its executives was seeking a position in the Trump administration, according to prosecutors.

“Mr. Manafort lied to keep more money when he had it, and he lied to get more money when he didn’t,” prosecutor Greg Andres told jurors during closing arguments. “This is a case about lies.”

The 69-year-old political operative has remained in jail since June, when a judge revoked his bail due to allegations of witness tampering.

NOW WATCH: “Manafort Guilty Of Tax And Bank Fraud”

Jack Crowe — Jack Crowe is a news writer at National Review Online.

Most Popular

White House

What Is Hillary Clinton Thinking?

When Homer Simpson looks in the mirror, he sees ripped chest muscles and arms like the trunks of beech trees. When Hillary Clinton looks in the mirror, she sees America’s sweetheart. She thinks: America adores me. She thinks: America already chose me to be president once! She thinks: Everyone is comparing me ... Read More
Law & the Courts

Grassley’s Kangaroo Court

So now it looks like next Thursday. On Judge Brett Kavanaugh’s manifestly meritorious nomination to the Supreme Court, what was supposed to be the vote out of the Senate Judiciary Committee this past Thursday now appears to be sliding into a hearing to be held next Thursday. Or, who knows, maybe a Thursday ... Read More
Law & the Courts

Censure Dianne Feinstein

Regardless of the fate of Brett Kavanaugh’s nomination, the Senate should censure the ranking Democratic member of the Judiciary Committee, Dianne Feinstein. Her deception and maneuvering, condemned across the political spectrum, seriously interfered with the Senate’s performance of its constitutional duty to ... Read More
U.S.

Are We on the Verge of Civil War?

Americans keep dividing into two hostile camps. It seems the country is back to 1860 on the eve of the Civil War, rather than in 2018, during the greatest age of affluence, leisure, and freedom in the history of civilization. The ancient historian Thucydides called the civil discord that tore apart the ... Read More