Manafort proposes $12.5 million bail package

[DonViejo]

Assets to be pledged include Trump Tower apartment.

By JOSH GERSTEIN 11/04/2017 06:06 PM EDT Updated 11/04/2017 06:56 PM EDT

Former Trump campaign chairman Paul Manafort is offering to post $12.5 million-worth of assets — including his Trump Tower apartment — as part of a bail package to ensure that he appears for the trial he's facing on charges of money laundering and failing to register as a foreign lobbyist, Manafort's defense team said Saturday.

Manafort's lawyers identified three properties he is willing to pledge: the Trump Tower condo in Manhattan, a condo several miles to the south on Baxter Street in Chinatown and his primary residence in Palm Beach Gardens, Fla. In a court filing, the veteran lobbyist also said several life insurance policies worth a total of $4.5 million could be posted, although they're held by trusts or Manafort's wife Kathleen.

In exchange for pledging the properties, Manafort is seeking to be released from home confinement at his Alexandria, Va. condo and permitted to travel freely in Florida, Virginia, Washington, D.C. and New York. "These substantial financial conditions, travel restrictions, and other conditions of release will reasonably assure Mr. Manafort’s appearance as required," defense lawyers Kevin Downing and Tom Zehnle wrote in the new court submission.

Manafort also appears to be requesting an end to GPS monitoring that was imposed as part of the home confinement, although at a hearing Thursday, U.S. District Court Judge Amy Berman Jackson seemed reluctant to discontinue that surveillance.

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https://www.politico.com/story/2017/11/04/paul-manafort-bail-package-244550

[greymattermom]

1. So what apartments does he own

in Ukraine? Russia?

[sarcasmo]

2. Affluenza. How can a criminal request and end to GPS monitoring?

[unc70]

3. You can request anything, just do not expect it

[tomp]

4. Sounds like a plot to flee.

Or an increased lokelihood of him getting killed.

[Merlot]

10. Definatly a plot to flee.

You think he really cares about those properties? He's got enough money hidden away to get more properties. I'm wondering if he owns t hose properties oughtright or if they have mortgages.

At the very least he should be under house arrest so that he can't witness tamper or destroy evidence.

Of course, like you point out, he's a sitting duck and probably fears for his life as well.

Oh well, playing high stakes games games gets you into high stake situations.

[Faux pas]

5. Ah the old

money talks routine. He needs to be locked up PERIOD.

[Turbineguy]

6. Somewhere in the fine print....

the taxpayers give him the money.

[deminks]

7. Indicted rich man proposes a $12 mil bribe so he can sneak out to

oh say somewhere where there is no extradition?

There was a reason they raided one of his homes.


Money talks, justice walks. Its the GrOPer mantra.

[SHRED]

8. He's a flight risk

So no.

[Cracklin Charlie]

9. How bout "No!", Paulie.

How bout you can sit your ankle-braceletted ass in your Trump Tower dump and count your 12 million in blood money!

Do you good!

[underpants]

11. Are they sure he doesn't hold foreign passports?

He had 3 US passports.

[hedda_foil]

12. Bet they're mortgages to the hilt and already used as equity for several other deals.

[oasis]

13. Oh hell no!

[SonofDonald]

14. When you consider that the apartment in dumpf tower

Will be forfeited along with the rest of the building when they take dumpf down.

It shouldn't have any value as collateral .

And as for the ankle bracelet and removing his restriction on travel?

As the above poster says "Ah Hell No", he wants to flee alright, to avoid prosecution for the crimes he "allegedly" commited.

Because when you think about for a second or two, his argument that he needs to travel is laughable, he's under prosecution for business crimes and money laundering.

What kind of people would want him to represent or work with them in any business when his business practices earned him federal indictments and prosecution?.

The Russians are the only ones on that list I'd think.

Better stay away from the tea.

[monmouth4]

15. Very, very anxious to be on the move. Don't trust him..n/t