Paul Manafort, President Donald Trump’s former campaign chairman, pleaded guilty to conspiracy charges in federal court Friday as part of a “cooperation agreement” reached with Special Counsel Robert Mueller in a foreign lobbying and money laundering case.
Manafort, who was found guilty last month of eight financial crimes in another case stemming from the special counsel’s investigation into election meddling, pleaded guilty to charges of conspiracy against the United States and conspiracy to obstruct justice — just two of the seven felony counts the former Trump campaign official had been facing in the Washington trial.
The charges, which Mueller’s office filed Friday morning to replace a previous indictment against the longtime political operative, related to Manafort’s alleged money laundering, tax fraud, failure to file Foreign Bank Account Reports, violation of the Foreign Agents Registration Act, misrepresentation to the Department of Justice and witness tampering.
They do not involve his work with Trump’s 2016 presidential campaign.
The government may seize Manafort’s homes in New York City, the Hamptons and Virginia, as well as money from his bank accounts and life insurance policies as part of the deal, according to Friday’s court filing.
Politico reported that under the agreement, Manafort will face up to just 10 years in prison. He will also be able to serve the sentences from his separate cases concurrently, a source familiar with the discussions told the news outlet.
The agreement further dismisses deadlocked charges from an earlier trial pending Manafort’s “successful cooperation” with Mueller’s probe into Russian election interference. It will not release the former Trump campaign chairman from jail, according to reports.
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This is a breaking news story and will be updated.