Paul Manafort's ex-son-in-law Yohai charged with another real estate scam in LA
Source: NBC News
LOS ANGELES — Federal prosecutors allege Paul Manafort's former son-in-law engaged in wire fraud and identity theft during a high-end, Los Angeles-area real estate scam while out on bond awaiting sentencing for different real estate-related financial crimes, according to a criminal complaint unsealed Wednesday.
The LAPD arrested Jeffrey Yohai, a real estate developer who did deals with Manafort, a week ago on suspicion of fraud and turned him over to federal officials Wednesday morning. He is expected to make his initial appearance on the new charges Wednesday afternoon.
The FBI says that Yohai had been hard to find because over the past several months he's driven two different Rolls Royces, a Porsche Panamera, a Cadillac Escalade, and a Range Rover — all likely rented, the bureau says in court documents, in an effort to avoid detection.
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While Yohai was out on bond awaiting sentencing for his original offenses, say prosecutors, he and alleged co-conspirators would trick lenders into providing millions of loans based on false and inflated property appraisals of luxury homes that they did not own. They would then promise the actual owners of the luxury homes that they would secure wealthy short-term renters for their properties.
Read more: https://www.nbcnews.com/politics/justice-department/paul-manafort-s-ex-son-law-yohai-charged-another-real-n933526
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