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Paul Manafort can keep millions in real estate after pardon, judge rules

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Paul Manafort, ex-campaign manager for former President Trump, 
will keep nearly $20 million worth of New York and Hamptons real 
estate, a federal judge ruled Friday.

Manafort, who was convicted of a massive fraud scheme tied to 
his work as a political consultant in Ukraine, was pardoned by 
Trump during his last days in office in December.

The ruling in US District Court in Washington, D.C., dismisses a 
2018 forfeiture action against Manafort, and will allow him to 
hold on to his sprawling 10-bedroom Water Mill estate, which 
features a swimming pool, putting green and tennis court. He 
will also keep a Brooklyn brownstone, valued at $4 million, and 
a $3.5 million Chinatown apartment, according to court papers.

Manafort, 71, had been sentenced to more than seven years in 
prison for tax fraud and witness tampering. He was released last 
year to serve out the remainder of his sentence at home because 
of the coronavirus. He was convicted in 2018 in an investigation 
led by special prosecutor Robert Mueller into alleged Russian 
meddling in the 2016 presidential election.

In addition to the real estate, Manafort will hold on to a 
savings account with an undisclosed balance, according to court 
filings.

In his $22 million plea deal with Mueller, Manafort had agreed 
to forfeit a total of five properties, his life insurance and 
savings account. Manafort had been forced to give up a 1,500-
square foot apartment on the 43rd floor of Trump Tower. US 
Marshals had also put a SoHo loft Manafort owned at 29 Howard St 
on the market for $3.66 million.

Manafort had transferred his 4,000-square foot Palm Beach 
mansion to his wife Kathleen for $10 following his plea deal 
with Mueller in 2018.

https://nypost.com/2021/02/27/paul-manafort-can-keep-millions-in-
real-estate-after-pardon/
    

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Paul Manafort can keep millions in real estate after pardon, judge rules "SF Libertarian" <sflibertarian@sfchronicle.com> - 2021-03-06 22:47 +0100

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