Government seizures cleared to begin in Manafort case in range of $15 million | News Sponsored by

Oct 19, 18
Government seizures cleared to begin in Manafort case in range of $15 million | News Sponsored by

As a federal judge Friday set a Feb. 8 sentencing date for Paul Manafort, the government has been given the authority to begin to strip him of his illegal gains from tax evasion and lobbying violations, proceeds that total in the range of $15 million, unsealed court records indicate. A court order last week authorized the U.S. Justice Department to immediately begin seizing money and properties Manafort agreed to forfeit after admitting he cheated the Internal Revenue Service, evaded foreign lobbying disclosure requirements and tried to tamper with witnesses in his criminal case. “By agreement of the parties, the government will take custody and control” of Manafort’s Trump Tower condo in New York City and a home in the Hamptons — where he spent more than $2 million on a home entertainment system and a bed of red flowers in the shape of an “M”— starting “on or after” Saturday, the court ordered. Other assets to be forfeited include the contents of four bank and life insurance accounts and a condo in Manhattan’s Chinatown. The six-page filing, by U.S. District Judge Amy Berman Jackson of the District, follows Manafort’s Sept. 14 guilty plea in Washington to conspiring to defraud the United States and witness tampering over a decade of working for pro-Russian politicians in Ukraine. The order gives lenders 30 days to request changes to resolve debts or interests they may hold on the property the government will seize. [From ‘the Count’ to inmate: The fall of former Trump campaign chair Paul Manafort] The extent of Manafort’s wealth was not fully disclosed at his Washington plea or during his federal trial in Virginia where a jury convicted him on eight bank and tax fraud charges. But a review of court records unsealed in August and public land records indicates he will be forc

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