Paul Manafort offers $12 million in assets to avoid house arrest

[Eugene]

Source: CBS News

By KATHRYN WATSON CBS NEWS November 4, 2017, 6:01 PM

Paul Manafort offers $12 million in assets to avoid house arrest

Paul Manafort, the former Trump campaign manager charged with counts including conspiracy and money laundering, is pledging $12 million in real estate and life insurance assets in an effort to avoid house arrest, according to court documents filed on Manafort's behalf Saturday in U.S. District Court for the District of Columbia.

A federal judge earlier this week ordered that Manafort and Rick Gates, his associate who is similarly charged, be placed on house arrest and electronic monitoring. But Manafort's lawyers argue that is unnecessary. Manafort's lawyers have already argued in court documents that he is too famous to be a flight risk.

A bond review hearing is scheduled for Monday morning. The case is a result of special counsel Robert Mueller's probe of Russian election meddling, and any ties to the Trump campaign, and the grand jury that stemmed from that investigation.

In the court documents, Manafort pledged a property in New York valued at $3 million, a property in New York valued at $3.5 million, a property in Florida valued at $1.5 million, and a combination of life insurance policies held in trust or in his wife's name valued at roughly $4.5 million, for a total of $12.5 million.

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Read more: https://www.cbsnews.com/news/paul-manafort-offers-12-million-in-assets-to-avoid-house-arrest/

[Kentonio]

1. Why does he get house arrest and not jail anyway?

[forgotmylogin]

21. And where does he have to be that's so important...

...that he can't be bothered with even house arrest?

[Kablooie]

29. White and rich. What more do you need?

[uppityperson]

2. "Too famous to be a flight risk"

[unblock]

9. Yeah, famous people don't travel.

[uppityperson]

25. Especially not to countries that don't have extradition

[BigMin28]

3. Are these assets

Ones that might be confiscated by the government as ill gotten gains?

[Kleveland]

4. Does that even work?

Us little people have to come up with the cash.

Now, I know you only really need a percentage for a bondman, but still....

[Grassy Knoll]

5. Wifey Can't Be Happy With This Deal

What An Asshole...

[The Wielding Truth]

6. Don't let a guy with 3 passports get out of the country.

He should be in jail, really.

[Alice11111]

30. I think he is a flight risk.Sneaking out would be easier than what he has to face.Passports can befa

[The Wielding Truth]

36. Yep. He is used to skirting the law and has a lot of connections.

[Alice11111]

37. ...and money stached many places if he ever had to go to Plan B

[Iggo]

7. Fuck your properties in the United States, asshole. We're keeping those anyway.

How 'bout you put up your foreign bank accounts as collateral?

[rzemanfl]

13. I agree. Here is a "t" on me gratis. n/t

[Iggo]

14. Thanks, I needed one!

[rzemanfl]

17. Tea is so soothing. Think I will make some. n/t

[Laffy Kat]

8. Hope the judge sticks to her guns.

I thought she already determined he was a flight risk.

[Iggo]

10. Yeah, I don't see how coming up with giant stacks of money all of the sudden...

....makes him any less of a flight risk.

[Angry Dragon]

11. We the People need non-refundable CASH

[Iliyah]

12. Gosh, it hasn't been a month and he's

whining? Geez, rich people can't handle rough life.

[rzemanfl]

15. Let him pay a bail bondsman like any ordinary defendant. n/t

[TheDebbieDee]

16. Keeping him under house arrest could make it more difficult for Manafort

to fall out of a window, couldn't it?

[SHRED]

18. OH HELL NO

Better at home to listen in.

[MiniMe]

19. It's been a week? And he is this desperate already?

[Alice11111]

31. Hd got a dream, compared to what a normal person would get...house arrest. He wants to escape.

[bluecollar2]

20. not enough...n/t

[Demonaut]

22. I really really want to go for a walk...really

sure I'll be back for those things that are useless to me if I skip bail on one of the passports you haven't found

[NCjack]

23. He needs a treadmill. nt

[DemocratSinceBirth]

24. Remember when Uncle Junior was under house arrest in The Sopranos.

[Thunderbeast]

27. $12 Million of laundered stolen Ukranian assets?

I think not.

If he gets bail without the ankle bracelet, he will be on a generic Gulfstream heading for international waters within a week! The Air Force would stand down (assuming they knew in time) to avoid an "incident".

Trade the bracelet for indisputable evidence (not just testimony) of conspiracy that takes down Trump AND Pence.

[jmowreader]

33. Do you think it would take a whole week?

Thunderbeast, if he's let out of house arrest, he will be gone before midnight.

And the only deal I'm interested in giving Manafort is, you give us enough to take down this entire crooked administration and we'll give you a rubber floor mat to stand on while you make license plates.

[The_Casual_Observer]

28. Apparently he doesn't have any of the 75 million tax free

anymore. He's a fraud and a poor chump.

[MFM008]

32. Run Forest Run

He will.

[Demtexan]

34. I am sure he is being watched.

Maybe they want him to try to escape.

Manafort must have some extra money put away in another name.

No telling how many more passports.

[Rainbow Droid]

35. Why has wealth been allowed to so corrupt the Law?

head shaking, every day in this country.

[smirkymonkey]

38. Gee, I wonder what he could be thinking?