Paul Manafort Hid Over 30 Offshore Accounts, FBI Says

Share
Paul Manafort Hid Over 30 Offshore Accounts, FBI Says

Former Trump campaign chairman Paul Manafort's longtime aide Rick Gates, accused by a Manafort lawyer at Manafort's trial on Tuesday of using business expenses for an affair, admitted to the extramarital relationship.

Gates' testimony, which began on Monday in federal court in Alexandria, Virginia, ended Wednesday morning soon after Manafort lawyer Kevin Downing had asked Gates if his "secret life" spanned the years 2010 to 2014.

Paul Manafort (above) heard long-time business associate Rick Gates's evidence.

Manafort was chairman of Donald Trump's presidential campaign, and his longtime deputy was part of the campaign, too. Gates recounted how he and Manafort used more than a dozen offshore shell companies and bank accounts in Cyprus to funnel the money, all while concealing the accounts and the income from the IRS. "I'm not sure why, but there have been certain exchanges at sidebar that have seemed not all that judicious to me", he said.

"I'm not happy with this judge", Napolitano told Fox News' Dana Perino.

Prosecutors summoned Gates to give jurors the first-hand account of a co-conspirator they say helped Manafort carry out an elaborate offshore tax-evasion and bank fraud scheme.

Gates also said that when their political work in Ukraine dried up in 2015, Manafort had difficulty paying his bills and had no other clients at that time.

The case against Manafort has little to do with either man's work for the Trump campaign and there's been no discussion during the trial about whether the Trump campaign coordinated with Russian Federation - the central question Mueller's team has tried to answer.

But the defense team has taken on the the daunting task of convincing jurors that Gates, who was in constant communication with Manafort and carrying out his wishes, is an unreliable witness who had simply gone rogue and independently chose to boost his boss' personal income over a period of several years.

Gates told the court in Alexandria, Virginia, that he had met with government lawyer Greg Andres and Federal Bureau of Investigation agents 20 times and been told only to tell the truth, without any guarantee that he will be spared prison. Manafort made millions of dollars working for pro-Russian Ukrainian politicians before he took an unpaid position with the Trump campaign that lasted five months.

Trump was indirectly referenced in multiple ways throughout the testimony, highlighting the risks to the president of Special Counsel Robert Mueller's investigation.

Gates, 46, has pleaded guilty to conspiracy and is cooperating with the government as it prosecutes Manafort for allegedly evading USA taxes on tens of millions of dollars earned from political consulting work they did together in Ukraine from 2006 to 2014.

During this period Gates said he falsified the firm's financial statements to support mortgage loan applications and misled bankers by submitting old home insurance policy information to make it appear Manafort owned the property, although current policy showed a mortgage loan. He pleaded guilty to charges in February and is cooperating for the possibility of a reduced sentence.

Gates testified that at Manafort's direction he went on to reclassify some of the income as a loan to lower the taxes owed. And the fact that after loaning Manafort millions of dollars Calk became an economic adviser to Trump casts doubt on Trump's famous pledge to "drain the swamp" and puncture the rampant influence peddling in Washington. And he lied to special counsel investigators after striking a plea agreement with them.

In an email shown to the jury, Manafort, the former campaign chairman for President Donald Trump, wrote to Gates on November 24, 2016, "We need to discuss Steve Calk for Sec of Army".

More recently, after the launch of the Mueller investigation but before his plea bargain, Gates lied to the FBI about a meeting between Manafort and an unnamed US Congressman regarding a "specific issue".

Manafort's accountant was asked about a purported $10 million loan from Russian oligarch Oleg Deripaska. This was a way to decrease Manafort's taxable income, added Gates, who did not report the money to Manafort's book-keeper or accountants.

Share

Advertisement

Related Posts

U.S. to impose new sanctions on Russian Federation for nerve attack in UK
NBC, a USA news network, cited a senior state department official as saying that the sanctions would be structured in two tranches.

NCAA approves basketball rules changes: agents allowed, undrafted players can return
Student-athletes can now take up to 15 official visits, which begins August 1 before their junior year. In addition, there have also been changes to the current recruiting rules.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

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.

Palestinian rockets strike homes in Sderot, 2 injured
The violence came after two fighters from the military wing of Hamas, which governs Gaza, were killed by Israeli fire on Tuesday. Clashes along the Gaza border since the end of March have seen at least 160 Palestinians killed by Israeli fire.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

Egypt allows domestic gas into Gaza for 1st time
The Trump administration's stated position is that Gaza should be under the control of Hamas's Western-backed Palestinian rivals. The movement does not have the authority to strike any deal with Israel, he said.

PM Turnbull Promises Emergency Relief to Drought-Stricken Farmers in Regional Australia
Drought-awareness campaigner Edwina Robertson is also anxious the money simply isn't enough. The National Farmers' Federation welcomed the news.

'PlayerUnknown's Battlegrounds' Stems the Bleeding With Fix PUBG Campaign
For those who don't play PUBG , Miramar is the latest map available on the Xbox version of the game. Quality-of-life improvements are also coming to loot stack splitting (more control).

Man City fullback Kyle Walker: The manager wants to go for everything
The Premier League is yet to employ the VAR system which was employed during the World Cup in Russian Federation . Arsenal have been doing really well in pre-season, Manchester United are always going to be strong.

© 2015 ExpressNewsline. All Rights reserved.