Paul Manafort's Chinatown apartment is part of his $11.7M bail deal

02 December, 2017, 00:42 | Author: Dustin Murphy
  • Bond Hearing Held For Former Trump Campaign Chairman Paul Manafort

President Donald Trump's ex-campaign manager Paul Manafort has made a bail deal worth about $11.7 million with prosecutors.

In a six-page court filing backed by more than 150 pages of financial documentation, Manafort's lawyers agreed to forfeit the homes held by him, his wife, and with their daughter if he fails to appear in court to face criminal money laundering and fraud charges in connection with his work advising a Russia-friendly political party in Ukraine.

Manafort, an worldwide political consultant, has surrendered his passports and agreed he won't travel overseas.

Manafort, who ran Trump's campaign for several months, and business associate Richard Gates pleaded not guilty in October to a 12-count indictment by a federal grand jury.

Defense lawyers representing former Trump campaign chairman Paul Manafort have successfully negotiated for new bail terms with special counsel Robert Mueller.

He has also agreed to restrict his travel to surrounding states.

Under the proposed release conditions, Manafort would be allowed to travel to Florida, Virginia, and NY - where he has homes and does business - without needing special permission from the court, but he would need approval to travel elsewhere in the United States. "Liens will be placed on each property in favor of the court to reasonable assure Mr. Manafort's appearance as required".

Prosecutors had said the scope of Manafort's wealth was unknown to the government, apparently seeking to pry out more information through the bail process. He turned over his three USA passports to prosecutors after his arrest.

Mueller's prosecutorial team previously asked that Manafort's bail be set at $10 million to ensure that he would show for trial, which is set to take place sometime next year. Manafort has also surrendered three passports, and Kathleen Manafort surrendered hers as well.



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