Paul Manafort made more than $60 million in Ukraine, prosecutors say

[George II]

Source: Hartford Courant

Paul Manafort made more than $60 million consulting for a Russia-backed political party in Ukraine, according to prosecutors investigating Russian interference in the 2016 U.S. presidential election.

President Donald Trump's former campaign chairman faces trial in an Alexandria, Virginia, federal court Tuesday on bank and tax fraud charges brought by the office of special counsel Robert Mueller. He is seeking to keep jurors from hearing details of his years of work in Ukraine for the Party of Regions and President Viktor Yanukovych, saying it is irrelevant and prejudicial.

In a filing Monday, prosecutors responded that those details are necessary to prove how much money Manafort made and did not pay taxes on; that he knew he was paid through unreported foreign bank accounts; and that in 2014, he began committing bank fraud to make up for lost income from Ukraine.

"The government expects to prove that Manafort earned more than $60 million dollars from his Ukraine work during the period at issue and failed to report a significant percentage of it on his tax returns," prosecutors wrote. "Accordingly, to prove that Manafort earned that much income, the government must be able to show the extent of the work that he performed for Ukraine."

Read more: http://www.courant.com/nation-world/ct-paul-manafort-trial-20180730-story.html

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Interesting additional comment in the article, "Two Democratic consultants who worked with Manafort in Ukraine, Tad Devine and Daniel Rabin, are set to testify against him. Some documents are necessary to show Manafort's connections with those consultants, prosecutors say."

[bucolic_frolic]

1. That's an incredible amount of money, even for political consultants at a high level

[mobeau69]

2. See text

[DeminPennswoods]

14. More amazingly, he spent/lost it all

When he couldn't support the lifestyle to which he became accustomed, that's when he defrauded the banks by inflating the value of his homes/real estate and getting loans to sustain his spending habits. Regardless of one's political views, this is a documented case of tax and other fraud.

As for "flipping", maybe there's not really that much Manafort has to offer prosecutors. They have Manafort's right-hand man Gates' co-operation. Flynn, too. And Michael Cohen is likely to co-operate at some point sooner rather than later.

[bucolic_frolic]

16. The tip of the iceberg

of global oligarch money flows. There's a lot we don't know.

[DeminPennswoods]

17. Agreed

I'm sure every time Mueller's team turns over a rock, they find more crimes to be investigated. This is like a mob investigation on steroids.

[SunSeeker]

3. And all stolen from the poverty-stricken Ukrainian people.

That is some fucked up shit right there.

[marble falls]

4. Manaford laundered Russian money through himself. That's why he had so much trouble making his ...

bail, this will be what makes him flip.

[mobeau69]

6. He'd still have to agree to a very long time in the slammer in addition to flipping.

Mueller wants his ass.

[marble falls]

7. And rightfully so. Maybe Mueller will protect Manafort from the Russians in prison if Manafort ...

"comes to jebus" over this and testifies.

[FakeNoose]

9. Last year we saw news stories that Manafort's money

... is parked in foreign bank accounts, shady places like Ceylon and the like. Places where they don't ask for ID or names. Also there was speculation that it wasn't really his money, he was laundering it for the Russians. (Meaning they expected to get paid back again.)

I predict that Mueller will have all money traced and frozen, wherever he can freeze the funds.

[OldManTarHeel]

5. 60 $Million . .

Wow . . he's a rich man. Congrats you POS MFer.

[LudwigPastorius]

8. What is Russian for "stooge"?

Oh, here it is: марионетка

[cntrfthrs]

10. and all his goddamm money...

isnt doing him a bit of good in jail...

[miyazaki]

11. So why would Congress and Cheeto bitch about the special investigation cost?

If there is tens of millions of ill gotten gains, Mueller will recoup the cost and disperse the rest to wherever the hell its supposed to go.

[moondust]

12. Corruption gone wild.

Did Drumpf hire Manafort because he knew the ins and outs of working for [a puppet of] Putin?

Ukraine's fallen leader Viktor Yanukovych 'paid bribes of $2 billion' - or $1.4 million for every day he was president

Acting Prosecutor General Oleh Makhnitsky said that while president from 2010, Yanukovich personally ran a multi-billion dollar criminal syndicate whose tentacles reached almost all walks of the Ukrainian state and Ukrainian life.

Toppled 'mafia' president (Yanukovych) cost Ukraine up to $100 billion, prosecutor says

[Achilleaze]

13. republican "conservative" grifting

[Snellius]

15. Boy, he must have paid a lot in taxes! Maybe as much as Trump!

Not!