Investigations of Manafort in New York Are Beyond Trump’s Power to Pardon
- 7 years ago
Investigations of Manafort in New York Are Beyond Trump’s Power to Pardon
In an affidavit filed in the bankruptcy case, Mr. Manafort said he had decided to “assist with additional funding to protect my existing investments.”
It is unclear whether Mr. Manafort used some of the loan money from the Chicago bank for that purpose.
Mr. Vance’s office is questioning whether Mr. Manafort misled the bank when applying for the loans, the people briefed on the investigation said, a previously unreported development
that hews closely to the federal indictment announced on Monday.
Mr. Manafort, the federal indictment said, bought multimillion-dollar properties in the United States, and then borrowed millions more against the homes, “thereby obtaining cash in the United States without reporting and paying taxes on the income.” The indictment added
that “in order to increase the amount of money he could access in the United States,” Mr. Manafort “defrauded the institutions that loaned money
Mr. Vance’s office is questioning whether Mr. Manafort actually used the money for repairs to the Brooklyn property, or if he misrepresented the purpose of the loans
and instead spent it on repaying other debts, the people briefed on the investigation said.
In an affidavit filed in the bankruptcy case, Mr. Manafort said he had decided to “assist with additional funding to protect my existing investments.”
It is unclear whether Mr. Manafort used some of the loan money from the Chicago bank for that purpose.
Mr. Vance’s office is questioning whether Mr. Manafort misled the bank when applying for the loans, the people briefed on the investigation said, a previously unreported development
that hews closely to the federal indictment announced on Monday.
Mr. Manafort, the federal indictment said, bought multimillion-dollar properties in the United States, and then borrowed millions more against the homes, “thereby obtaining cash in the United States without reporting and paying taxes on the income.” The indictment added
that “in order to increase the amount of money he could access in the United States,” Mr. Manafort “defrauded the institutions that loaned money
Mr. Vance’s office is questioning whether Mr. Manafort actually used the money for repairs to the Brooklyn property, or if he misrepresented the purpose of the loans
and instead spent it on repaying other debts, the people briefed on the investigation said.