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’s former son-in-law gets 9 years for real estate scams


Download PDF

Paul Manafort’s former son-in-law, Jeffrey Yohai, was sentenced to nine years and two months in prison for a series of fraud schemes involving high-end Los Angeles real estate.

As first reported by Politico, Yohai, 37, pleaded guilty to a variety of frauds, including leading investors to believe that he was building spec houses in wealthy parts of Los Angeles while using the money for personal expenses, giving fraudulent information to obtain loans for investments and renting out luxury homes without the owners’ permission. Other scams included selling nonexistent backstage passes for the Coachella music festival and pawning band equipment that did not belong to him.

District Judge André Birotte Jr. estimated that Yohai’s “sophisticated” schemes cost victims more than $6 million, while describing him as an individual with “an evil mind.”

Some of the scams first came to light after Yohai defaulted on loans for four L.A. properties.

Yohai acquired one of the properties, a $8.5 million mansion located at 779 Stradella Road in Bel Air, in 2016 with a $2.7 million loan given to him by his then-wife — Manafort’s daughter, Jessica Anne Bond — and father-in-law back, in addition to bank loans and funds from other investors. A court later issued Yohai an injunction against renting out the property as a party house after he pled guilty to conspiracy to commit bank fraud in 2018.

The same property has also caused some serious problems for Manafort himself. After he filed for bankruptcy, a court-appointed trustee asked a judge to determine whether the $2.7 million was really a loan, according to the Real Deal. The trustee claimed that the money was not a loan, but equity that would be paid back to Manafort after other investors.

Build a business platform to make an impact See how two top agents support a cause that’s close to their hearts READ MORE

Dustin Hoffman and his son invested $3 million with Yohai to redevelop a home at 1550 Blue Jay Way, pictured here. | Photo via Zillow

Some of Yohai’s other scams involved big names such as Dustin Hoffman and photographer Guy Aroch. Hoffman and his son, Jacob Hoffman, reportedly invested $3 million into a Bird Streets property in 2015 with the intention of seeing it redeveloped as a spec mansion and sold for $30 million. Yohai spent the money on other things, asked for bankruptcy protection for the property and, according to the L.A. Times, never paid back the Hoffmans.

“Defendant has done tremendous damage to a huge number of victims,” assistant U.S. attorney Andrew Brown wrote in a September court filing. “[He] has shown an almost unbelievable compulsion to defraud others, to the point that he could not stop even while awaiting this court’s judgment on him in the first case, which strongly suggests that he will continue on his criminal path despite having been blessed with so many advantages.

“Worse, [Yohai] seems to enjoy committing fraud and revels in cheating others out of their hard-earned money, as though he thought real work was only for patsies,” Brown wrote.

Former campaign manager to President Donald Trump, Paul Manafort is currently serving a prison sentence for tax fraud, bank fraud and other charges stemming from Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election. Yohai and Manafort’s daughter divorced in 2017.

Along with the prison term, Yohai has been ordered to pay $6.7 million in restitution and serve three years of supervised release after getting released.

Email Veronika Bondarenko

Source: click here

Read More



  • 5 work-from-home interior design trends on the rise

    Interior design is central to luxury real estate—it takes a home from concept to comfort. And desi...

  • Show potential buyers everything about a development with Imerza

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

  • Selling the city in 2021

    The lights are coming back on in the city that never sleeps. For much of 2020, I could see how many ...

  • 360 tour provider Peek has big plans for the industry

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

  • The 4 interior architecture trends you should know for 2021

    Interior design has long been a top consideration for luxury buyers—and recently, interior archite...

  • Interest in Instashowing soars: Is it the next ShowingTime?

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

  • Exodus or opportunity? Why your clients should be looking to the city

    In 2020, one of the most transformative trends in the luxury real estate industry was the mass movem...

  • Virtual 3D marketplace All3D is here for real estate

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

  • 3 tips for preparing a vacation home for sale

    As a real estate agent, my specialty is selling vacation properties in Cape Cod. I also live in the ...

  • Numa helps you respond to every lead, every time

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

March 2021
Mon Tue Wed Thu Fri Sat Sun

  • 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


    Loading ... Loading ...