Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Paul Manafort indicted in New York on mortgage fraud charges

03/13/2019

Download PDF

President Trump’s former campaign chairman Paul Manafort was indicted Wednesday in New York on charges related to mortgage fraud, conspiracy and other crimes — just minutes after he received a second prison sentence in a separate federal case.

In total, the Manhattan District Attorney’s Office hit Manafort with 16 new charges. In a statement, DA Cyrus Vance said the charges stem from a year-long residential mortgage fraud scheme that saw Manafort falsify business records in order to reap millions of dollars.

“No one is beyond the law in New York,” Vance said in the statement.

The investigation that led to the charges began in March 2107, Vance also said.

The case stems from Manafort’s alleged attempt to launder money through a New York City condo. The condo is located on Manhattan’s Howard St., and was allegedly purchased for “approximately $2,850,000,” according to court documents.

Manafort was accused of falsely claiming on a mortgage application that his daughter and son-in-law were living in the property. He also allegedly rented the condo out on Airbnb while taking tax breaks for owning a rental.

Instagram Stories bring new life to listings How quick, personalized videos are finding their way into real estate READ MORE

In 2017, special counsel Robert Mueller — who is currently investigating Trump’s connections to Russia — also call in a real estate agent who had previously worked with Manafort to testify before a grand jury

Wednesday’s latest round of charges are especially significant because, unlike federal crimes, they cannot be swept away with a presidential pardon.

Manafort has also faced two federal cases, netting him a total prison sentence of seven and a half years. That sentence is split between 47 months a federal judge in Virginia handed down earlier in March, and 43 months a judge in Washington, D.C., imposed Wednesday.

The federal cases — which were brought by Mueller — stem from Manafort’s work consulting for a pro-Russian political party in Ukraine. Prosecutors ultimately accused him of committing a slew of crimes including conspiracy and bank and tax fraud.

The 43-month sentence Wednesday came just minutes before Manhattan prosecutors announced their case against Manafort, which was widely seen as an attempt to keep in behind bars even if Trump opts to pardon him.

Manafort served as Trump’s campaign manager from June to August of 2016.

Though the president has not said if he would pardon Manafort, Trump has praised him for refusing to “break” in the face of pressure from prosecutors.

Email Jim Dalrymple II

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

November 2024
Mon Tue Wed Thu Fri Sat Sun
 123
45678910
11121314151617
18192021222324
252627282930  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...