Day Four: Accountant Testifies How She Helped Hide Manafort’s Ukraine Income

Share
Day Four: Accountant Testifies How She Helped Hide Manafort’s Ukraine Income

Paul Manafort's longtime bookkeeper is testifying that profit and loss statements the former Trump campaign chairman submitted to obtain bank loans contained false information - and, at times, obvious misspellings. Jonah Green has more.

Greg Andres, a member of Mueller's team, confirmed that the prosecution will call on Gates. Another series of emails warned him of an upcoming deadline to pay property taxes on one of his homes in NY before penalties kicked in.

Ellis indicated he believes the prosecution has demonstrated Manafort had control of foreign bank accounts despite checking a box on tax returns saying he didn't.

Paul Manafort's trial opened this week with a display of his opulent lifestyle and testimony about what prosecutors say were years of financial deception.

"He was trying to reduce income and therefore, income taxes", Laporta said, adding that she believed such conduct was "inappropriate".

The trial is the first to stem from the Russian Federation probe by special counsel Robert Mueller, who was tasked a year ago with investigating the Kremlin's efforts to sway the US presidential election and potential collusion with the Trump campaign.

One Republican who is in frequent contact with the president, told Sherman that "the Manafort trial is spinning him into a frenzy". "It's evidence of his income".

They also testified that they often did not receive the underlying documentation they requested to support transactions that Manafort and Gates falsely characterized as loans on Manafort's tax returns and financial statements. Prosecutors wrote that an Federal Bureau of Investigation forensic accountant reviewed "tens of thousands of documents containing thousands of entries, from approximately 20 financial institutions and 35 companies" to make the charts, which prosecutors said summarize Manafort's purchases and payments from foreign and US bank accounts. That includes his longtime associate Rick Gates, who pleaded guilty earlier this year and is expected to testify soon as the government's star witness.

But the very existence of overseas accounts in Manafort's name would mean he inked his own signature to open them in the first place. Ms. Laporta recalled Mr. Gates telling her the potential tax bill was too high and Mr. Manafort "didn't have that money". In calling Gates, the government will present jurors with the first-hand account of a co-conspirator expected to say Manafort was knee-deep in an alleged scheme to hide millions of dollars from the IRS and defraud several banks.

The prosecutors say that line of inquiry would only be appropriate, if at all, if Manafort were to take the stand. Manafort claims that Gates embezzled millions of dollars from his political consulting business.

Later the president invoked one of the nation's most notorious criminals, 1920s gangster Al Capone, and posed the question "who was treated worse" while airing his grievance about Manafort being held in solitary confinement ahead of a conviction.

Gates, who pleaded guilty in February of conspiracy and lying to the Federal Bureau of Investigation, is cooperating with Mueller's probe, and is expected to testify later in the trial.

Laporta testified she knew an accounting treatment for a loan was wrong when preparing Manafort's tax return for 2014.

Kathleen Manafort, walks to the Alexandria Federal Courthouse in Alexandria, Va., Thursday, Aug. 2, 2018, to attend the trial of her husband, President Donald Trump's former campaign chairman Paul Manafort's tax evasion and bank fraud trial.

Prosecutors are heading toward the heart of their financial fraud case against former Trump campaign chairman Paul Manafort. But he says Manafort authorized those discussions, and the two never contradicted each other.

Laporta said she knew it was "inappropriate" but agreed to alter the records to show that Manafort's firm received a $900,000 loan from Telmar in 2014, a change that would save Manafort almost a half million dollars in taxes, Laporta said. It would address allegations that he acted as an unregistered foreign agent for Ukrainian interests and made false statements to the USA government.

Share

Advertisement

Related Posts

Eleven children found at squalid New Mexico compound, two arrested
It was not immediately clear whether the child, whose name is AG Wahhaj, is related to Siraj Wahhaj, who was arrested in the raid. Three unidentified women - possibly the mothers of the children - were detained for questioning before being released.

Saudi expels Canadian envoy, recalls its own over 'interference'
Among those arrested was Saudi-American women's rights campaigner Samar Badawi. Many others are banned from traveling outside the kingdom.

Radio telescope picks up new frequency in space
This means that whatever produced the signal, which has been named "FRB 180725A", is likely to be extremely powerful. Researchers claim that this is the lowest frequency FRB ever recorded emitted from across the universe.

Trump Broke Constitutional Law by Attacking Obamacare, Lawsuit Says
The administration estimates that premiums for a short-term plan could be about one-third the cost of comprehensive coverage. Up to now, short-term health insurance has been a niche product, covering people for several months or less than a year.

Top Resources for NAHQ CPHQ Exam
This is why it is highly crucial that you go through the exam content outline or exam objectives before you start your study. You don’t need to buy these guides; having one of them is enough to give you all you need to prepare for your test.

The Most Successful X Factor Winners
The song became an instant hit, selling over 1,25 million copies and this in the UK alone, yes , she was the winner of X Factor. M ore recently, “That’s My Goal” reached an outstanding total of 1.12m copies and this just in the UK factor.

Duchess Meghan's half-sister likens her to Disney's Cruella de Vil
See more of her look here. "For someone to say you should turn down a paycheck...tell your boss that you don't want a paycheck". Late this summer, Meghan is expected to return to the US on a private plane to spend time with her mother and friends.

Online Casinos that Accept UK Players
Since the UK has grown to become a thriving gambling market, numerous gaming destinations have popped up that provide the service. Since the UK is regarded as the online gaming hub of the world, gamblers in the region are in no short supply of casino options.

Facebook Dating is work in progress, now being tested by Facebook employees
Just when the Facebook Dating was announced stocks of other dating sites like Tinder plunged down by 17 percent. Facebook is now testing the dating feature in its app with Facebook employees, a process known as "dogfooding".

Bookkeeper: Paul Manafort 'approved every penny' of bills
Bryan United States Courthouse to attend the trial of former Trump campaign chairman Paul Manafort on Tuesday in Alexandria, Va. Prosecutors are giving more insight into how they built their case against former Trump campaign chairman Paul Manafort .

© 2015 ExpressNewsline. All Rights reserved.