Guilty of 2 counts of bank fraud
Finally, there was a separate set of charges related to what Manafort allegedly did to try to get millions more in cash once the president of Ukraine was deposed and those payments stopped coming in.
Prosecutors said that between 2015 and early 2017, Manafort defrauded or attempted to defraud several US banks, by lying about his company’s finances and other matters in loan applications.
To get a $3.4 million loan on a New York City condo he owned, Manafort falsely told Citizens Bank that the property was a second home when it was a rental property, failed to disclose previous mortgage debt, and, after the lender discovered that debt, falsely claimed it was forgiven. He was convicted of one count of bank fraud for this.
In search of another loan, Manafort submitted a doctored profit and loss form to the Banc of California that overstated his consulting firm’s income by more than $4 million. He was convicted of another count of bank fraud.
https://www.vox.com/2018/8/21/17692626/manafort-guilty-charges-verdictA California bank executive says he was not aware that Paul Manafort had allegedly lied on loan documents when he approved a $1 million for the former Trump campaign chairman.
Gary Seferian, a senior vice president at the Banc of California, says he would not have approved the loan to back Manafort's plan for a series of real estate purchases in spring 2016 if he had known Manafort had made false statements on his application.
https://www.newsobserver.com/news/business/article216366735.htmlProsecutors charged Manafort with bank fraud and bank fraud conspiracy related to a $3.4 million loan in March 2016 from Citizens Bank, a Rhode Island-based lender, secured by a condominium in the Soho neighborhood of Manhattan. Prosecutors say Manafort was not truthful in his application for the loan, falsely claiming that it was not held as a rental property in order to maximize the amount he could borrow from the bank. Manafort was also charged with one count of bank fraud conspiracy related to an attempt to get a separate $5.5 million loan from the bank on a brownstone in Brooklyn, which did not materialize.
https://www.reuters.com/article/us-usa-trump-russia-charges-factbox/factbox-ex-trump-aide-paul-manafort-faces-18-criminal-counts-idUSKBN1KK12V“Paul is a great asset and an important addition as we consolidate the tremendous support we have received in the primaries,” Trump said in a statement on March 29, 2016.
Manafort quickly got to work, ensuring the Trump campaign had a presence during the selection process and showing up to the Republican National Committee’s spring meeting in April.
May 19, 2016: Manafort is promoted to campaign chairman
...
One month later, Manafort’s influence within the campaign appeared even more cemented after Trump fired campaign manager Corey Lewandowski, with whom Manafort had a well-documented power struggle.
http://fortune.com/2017/03/22/paul-manafort-donald-trump-vladimir-putin/
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Manafort has other trials coming up. We'll see how strong he is, won't we, you orange wannabe mafia boss POS?.
