Paul Manafort indicted for money laundering by Russia probe

Paul Manafort has been indicted by federal prosecutors as the first allegation of a crime in the Russia investigation targeted a top figure in the President’s campaign.

Manafort, a longtime Republican operative who helmed the Trump campaign last summer, was charged with constructing an elaborate fraud scheme along with business associate Rick Gates, according to the indictment unsealed Monday morning.

Meanwhile, the Justice Department announced Monday former Trump campaign foreign adviser George Papadopoulos struck a plea deal earlier this month for making false statements to the FBI. He’d been charged with misleading the bureau about meetings he had with Russian nationals while a member of the campaign. 

News of the charges from special prosecutor Robert Mueller last Friday had prompted speculation that Manafort, who was reportedly told he would be indicted after a raid on his home this summer, was the target.

Read the indictment against Paul Manafort and Rick Gates

Paul Manafort has been indicted on charges including conspiracy against the United States, conspiracy to launder money, failing to register as a foreign agent and failing to report foreign assets.

(Carolyn Kaster/AP)

Charges in the indictment include conspiracy against the United States, conspiracy to launder money, failing to register as a foreign agent and failing to report foreign assets.

Local news captured a picture of Manafort leaving his home in Alexandria, Va., on Monday morning with his lawyer, later entering the FBI field office in Washington.

Prosecutors accused him and Gates, who also reportedly surrendered Monday, of making tens of millions of dollars from pro-Kremlin politicians in Ukraine and laundering it through a web of corporations and accounts in places such as Cyprus and the Seychelles.

George Papadopoulos, the former Trump campaign foreign adviser, pleaded guilty earlier this month to making false statements to the FBI. 

(Linkedin.com)

Manafort was said to have used the money to fund a “lavish lifestyle” in the U.S. and buy homes that he put up as collateral for loans.

Rick Gates made his way into Trump campaign’s inner circle

Mueller’s indictment includes a long list of wire transfers made to American businesses from shady overseas ventures, including $5 million to a Hamptons home improvement company, more than $900,000 to a Virginia rug company and more than $800,000 to a men’s clothing store in New York.

The alleged scheme stretched from 2008 to 2017, a time that includes Manafort’s work for Trump in spring and summer 2016.

Rick Gates (left), Manafort’s business associate, has been indicted as well. Gates is seen with Donald Trump as he prepares for his speech at the Republican National Convention in July 2016.

(Evan Vucci/AP)

He and Gates were also accused of failing to report their work for the Party of the Regions, whose leader Viktor Yanukovych fled amid violent protests in 2014 and plunged the Eastern European country into chaos.

Part of that alleged scheme included hiring companies to lobby American lawmakers on behalf of Yanukovych, but listing the work as being for a Brussels-based non-profit called the European Center for a Modern Ukraine.

Here’s what Mueller could get from ‘flipping’ Manafort

When contacted about the work by investigators last year, Manafort and Gates allegedly made false statements about his relationship with the Center.

Manafort, ex-campaign manager for Trump, turns himself in Monday.

Manafort left the Trump campaign last August after reports about his time in Kiev, and belatedly registered as a foreign agent earlier this summer.

Manafort has continuously denied wrongdoing as reports of his activities have surfaced. His spokesman Jason Maloni did not immediately respond to a request forfrom the Daily News.

Trump, for his part, has dismissed the entire Russia investigation as a “witch hunt” based on “fake news.”

Former FBI Director Robert Mueller was appointed to investigate alleged election meddling in May.

(Koichi Kamoshida)

The indictment comes as a dramatic escalation in the probe, which Mueller has been spearheading alongside separate inquiries in Congress and the FBI.

Some have speculated that aggressive tactics against Manafort, whose Virginia home was raided in July, are part of an effort to “flip” the former campaign official and have him cooperate with prosecutors.

Ty Cobb, a lawyer for Trump, said that he is “not concerned” with information that Manafort can provide to the investigation.

This is a developing story and will be updated.

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paul manafort
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