Informed Comment Homepage

Thoughts on the Middle East, History and Religion

Header Right

  • Featured
  • US politics
  • Middle East
  • Environment
  • US Foreign Policy
  • Energy
  • Economy
  • Politics
  • About
  • Archives
  • Submissions

© 2025 Informed Comment

  • Skip to content
  • Skip to primary sidebar
Corruption

Guilty: Trump Campaign Head Manafort Hid Russian Millions in Foreign Bank Accounts

AFP 08/22/2018

Tweet
Share
Reddit
Email

by W.G. Dunlop | –

Alexandria (United States) (AFP) – Donald Trump’s former campaign chief Paul Manafort was found guilty of tax and bank fraud Tuesday, in the first trial resulting from the investigation into Russian meddling in the 2016 presidential election.

The guilty verdicts on eight counts are a victory for special counsel Robert Mueller’s investigation into Russian election interference and possible collusion between the Trump campaign team and Moscow.

Trump, who has repeatedly maligned the Mueller probe, views it as a stain on his presidency and has pushed for it to be ended, described Manafort’s conviction as “very sad.”

US District Judge T.S. Ellis declared a mistrial on 10 counts on which the jury was unable to reach a unanimous verdict.

But the jurors found Manafort guilty of the remaining eight counts: five of making false income tax returns, two of bank fraud and one of failure to report foreign bank and financial accounts.

While the 69-year-old Manafort could theoretically live out the remainder of his years in prison as a result of the convictions, a legal expert told AFP that his time behind bars would in reality likely last under a decade.

Just before leaving the courtroom, Manafort winked to his wife, who was present for the verdict.

Manafort’s lawyer Kevin Downing said his client was “evaluating all of his options” and thanked the judge for a “fair trial.”

“Mr Manafort is disappointed of not getting acquittals all the way through, or a complete hung jury on all counts,” Downing told journalists.

– ‘Good man’ –

Reacting to the verdict as he arrived in West Virginia for a rally of supporters, Trump described Manafort as a “good man,” said he was “very sad” at the trial outcome — and once more denounced the Mueller investigation as a “witch hunt.”

Trump had previously suggested that Manafort, who briefly served as his campaign manager, was being treated worse than late American gangster Al Capone.

He has refused to rule out a pardon. Observers have speculated that the prospect of a pardon may have explained why Manafort chose a trial as opposed to a plea deal like his former aide Rick Gates.

The case went to the jury on Thursday after 12 days of gripping testimony about hidden bank accounts, betrayal and lavish spending by Manafort on luxury homes, cars, antique rugs and clothes.

Prosecutors outlined schemes Manafort allegedly used to avoid paying US taxes on the millions of dollars he earned in Ukraine, saying he also filed false statements to obtain millions of dollars in loans from banks when his Ukraine consulting fees dried up.

Defense attorneys sought for their part to cast doubt on the credibility of the prosecution’s star witness, Manafort’s former trusted deputy Gates, who took a deal from the government and turned against his former boss.

Trump spent much of Tuesday cooped up at the White House, as two high-profile legal cases with profound implications for his presidency played out on US television screens.

Barely minutes after the Manafort verdict was announced, Trump’s longtime personal lawyer and fixer Michael Cohen pleaded guilty in Manhattan court to eight counts, including fraud and campaign finance violations.

Questioned by a federal judge, Cohen indicated he had paid sums of $130,000 and $150,000 each to two women who claimed they had affairs with Trump, at his boss’s request in order to buy their silence “with the purpose of influencing the election.”

Featured Photo: AFP/File / Brendan Smialowski. The case against Paul Manafort stemmed from Special Counsel Robert Mueller’s investigation into Russian election interference and possible collusion between Donald Trump’s campaign team and Moscow.

Filed Under: Corruption, Donald Trump, Russia

About the Author

AFP is a global news agency delivering fast, accurate, in-depth coverage of the events shaping our world from conflicts to politics, economics, sports, entertainment and the latest breakthroughs in health, science and technology. Headquartered in Paris, France, and founded in 1835, Agence France Presse is the third largest news agency in the world, after the Associated Press (AP) and Reuters. It has bureaus in 150 countries.

Primary Sidebar

Support Independent Journalism

Click here to donate via PayPal.

Personal checks should be made out to Juan Cole and sent to me at:

Juan Cole
P. O. Box 4218,
Ann Arbor, MI 48104-2548
USA
(Remember, make the checks out to “Juan Cole” or they can’t be cashed)

STAY INFORMED

Join our newsletter to have sharp analysis delivered to your inbox every day.
Warning! Social media will not reliably deliver Informed Comment to you. They are shadowbanning news sites, especially if "controversial."
To see new IC posts, please sign up for our email Newsletter.

Social Media

Bluesky | Instagram

Popular

  • Iran's Hypersonic Missiles Hit Israeli Refinery, Military Sites, as Israel does the same to Tehran
  • Iraqi Shiites Demand Expulsion of US Troops after Israel Attacks Iran
  • Why did Israel defy Trump – and risk a major War – by striking Iran now? And what happens next?
  • A Pariah State? Western Nations Sanction Israeli Cabinet Members
  • Israel's Netanyahu banks on TACO Trump as he Launches War on Iran to disrupt Negotiations

Gaza Yet Stands


Juan Cole's New Ebook at Amazon. Click Here to Buy
__________________________

Muhammad: Prophet of Peace amid the Clash of Empires



Click here to Buy Muhammad: Prophet of Peace amid the Clash of Empires.

The Rubaiyat of Omar Khayyam


Click here to Buy The Rubaiyat.
Sign up for our newsletter

Informed Comment © 2025 All Rights Reserved