We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of Cookies, revised Privacy Policy and Terms of Use.
  • 0 views
  • Edit

Prosecutors Allege Manafort Opened 30 Bank Accounts to Hide Income

2018-07-31 22:24
Federal prosecutors began their arguments in a case against Paul Manafort on July 31, alleging that Manafort opened more than 30 bank accounts in three foreign countries to “receive and hide” his income from Ukraine. Special Counsel Robert Mueller charged Manafort, a former campaign chairman for President Donald Trump, with a battery of crimes unrelated to the campaign or the president. The high-profile trial is the first to arise out of Mueller’s probe. Earlier in the day, prosecutors and defense attorneys selected a 12-member jury to weigh Manafort’s fate. Mueller has been investigating claims of Russian meddling in the 2016 election and allegations of collusion between Trump-campaign associates and Moscow. The Manafort trial is not related to either part of the investigation. Manafort faces charges that he hid tens of millions of dollars earned in Ukraine in offshore accounts and defrauded banks for loans. Four alternate jurors, three women and one man, also were chosen. “A man in this courtroom believed the law did not apply to him. Not tax, not banking law,” Uzo Asonye, one of the prosecutors in Mueller’s probe, told the jury of six men and six women in federal court in Virginia, referring to Manafort. Manafort, 69, was seated in the courtroom wearing a dark suit, white shirt and tie. U.S. District Judge T.S. Ellis made several jokes during the jury selection process, including about the quality of the lunches jurors will be provided. While many in the courtroom laughed, including Manafort’s lawyers, the defendant himself did not. Asonye told jurors the evidence would show Manafort hid “tens of millions of overseas income” to avoid paying taxes. Asonye said the evidence would show he lied to the Internal Revenue Service. Asonye said Manafort set up more than 30 bank accounts in overseas countries and funneled millions of dollars into them in order to bankroll an extravagant lifestyle. Asonye described how Manafort snapped up expensive real estate in the United States, spent millions of dollars on renovating his properties, and more than a half million dollars on “fancy clothes.” Manafort has pleaded not guilty to all the charges. The tax and bank fraud trial represents the first test of Mueller’s ability to win a conviction of a former Trump aide. But a conviction would still leave Mueller empty-handed when it comes to proving the collusion claims. The special counsel has not produced any evidence or indictments related to collusion since his appointment in May last year. Three other Trump aides, including Manafort’s longtime business partner Rick Gates, have already pleaded guilty to charges unrelated to the campaign or collusion and are cooperating with Mueller’s probe. Prosecutors have said they will not present evidence of collusion at this trial. Prosecutors are seeking to provide details of Manafort’s work for a pro-Russian political party in Ukraine, raising the possibility that new information about his Russian connections could emerge. Manafort has filed a motion to have details of that work excluded from trial. Manafort faces 18 criminal counts, which center on allegations that he hid much of the $60 million he earned in Ukraine in undisclosed overseas bank accounts and failed to pay taxes on it. Prosecutors also accuse him of lying to U.S. banks to obtain real estate loans in a bid to maintain a lavish lifestyle after his client, former pro-Russia Ukrainian President Viktor Yanukovych, fell from power in 2014 and the money stopped. Manafort actively conferred with his lawyers during the jury selection process, writing and passing notes. Manafort’s wife, Kathleen, was sitting behind him in the courtroom. Mueller took over the FBI’s counterintelligence probe which started in the summer of 2016. That investigation is facing intense scrutiny in Congress since, among other issues, the FBI obtained a warrant to surveil a Trump-campaign volunteer using a dossier funded by the Hillary Clinton campaign and the Democratic National Committee as evidence. Trump denies any collusion with Russia. The