Paul Manafort Guilty of 8 Counts 2018/08/21

President Donald Trump’s former campaign chairman Paul Manafort has been found guilty on eight counts of financial crimes.

Jurors were unable to reach a verdict on 10 charges, and Judge T.S. Ellis declared a mistrial on those counts.

Manafort was found guilty of five tax fraud charges, one charge of hiding foreign bank accounts and two counts of bank fraud. He faces a maximum of 80 years in prison.

Manafort Guilty - Manafort was found guilty of five tax fraud charges, one charge of hiding foreign bank accounts and two counts of bank fraud. He faces a maximum of 80 years in prison.

In response to Manafort’s conviction, Trump tweeted:

Manafort was charged with 18 counts of tax evasion, bank fraud and hiding foreign bank accounts.

Judge T.S. Ellis spoke directly to Manafort at podium to tell him he has been found guilty of several charges. He did not smile.

Manafort’s lawyer Kevin Downing told reporters:

“Mr. Manafort is disappointed of not getting acquittals all the way through or a complete hung jury on all counts, however, he would like to thank Judge Ellis for granting him a fair trial, thank the jury for their very long and hard-fought deliberations. He is evaluating all of his options at this point. Thank you everyone.”

Charges against Manafort

Prosecutors said Manafort collected $65 million in foreign bank accounts from 2010 to 2014 and spent more than $15 million on luxury purchases in the same period, including high-end clothing, real estate, landscaping and other big-ticket items.

They also alleged that Manafort lied to banks in order to take out more than $20 million in 2015, and they accused him of hiding the foreign bank accounts from federal authorities.

Manafort has been in jail since June after his bail was revoked following new charges of witness tampering against him.

Manafort still faces a second set of criminal charges in a Washington, DC, federal court, of failure to register his foreign lobbying and of money laundering conspiracy related to the same Ukrainian political work that was central to the Virginia case.

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