Fmr. Trump Campaign Chairman Paul Manafort Found Guilty of Bank & Tax Fraud

Nick Kangadis | August 21, 2018
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Former Trump campaign chairman Paul Manafort was found guilty in Virginia court on eight counts “related to bank and tax fraud" on Tuesday, according to Fox News.

Fox News reported:

But after four days of deliberations, the jury told Judge T.S. Ellis III on Tuesday afternoon that it could not come to a decision on the ten other counts. A mistrial was declared on those counts […]

The jury began deliberating last Thursday after a three week trial where prosecutors said Manafort hid income earned from political work overseas from the IRS while fraudulently obtaining millions in bank loans. Manafort, 69, had pleaded not guilty.

The news of Manafort’s conviction comes just hours after another former employee of President Trump, attorney Michael Cohen, made a plea deal with prosecutors in which he admitted to “violating federal campaign finance laws” while also pleading guilty to “five counts of tax evasion, one count of making a false statement to a financial institution, one count of willfully causing an unlawful corporate contribution, and one count of making an excessive campaign contribution,” Fox News reported on Tuesday.

For more on the Manafort decision, watch below:

 

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