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Paul Manafort Now in Federal Prison and Indicted by NY Grand Jury

Former Trump Campaign Chair Paul Manafort is now in Federal Prison, after being Convicted and Pleaded Guilty in 2018 to Multiple Charges of Fraud, Tax Evasion, and Conspiracy.

He has been in Federal Custody since June 2018, and was previously held in Two Virginia Jails.

He is serving his 7.5 year Sentence at a Facility outside Scranton, Pennsylvania, at the United States Penitentiary (USP) Canaan in Waymart, with an expected Release Date of Dec. 25th, 2024. Canaan has a High-Security Prison and a Minimum-Security Camp. A Spokesperson for USP Canaan said that Manafort was Admitted to the High-Security Prison.

Federal Prisoners must Serve at least 85% of their Sentences before they are Eligible for Supervised Release.

The New York City, Manhattan, District Attorney announced that Manafort had been Indicted by a Grand Jury in New York on 16 Counts related to a Multimillion-Dollar Residential Mortgage Fraud and Conspiracy, continuing his Legal Troubles, this time in State Court.

He is Accused of Falsifying Business Records to Illegally obtain Millions of Dollars as part of the Yearlong Mortgage Fraud Scam. If Convicted on the Top Count, Manafort faces a Prison Sentence of 8 to 25 years, a Senior Law Enforcement Official said. “No one is beyond the law in New York,” Manhattan District Attorney Cyrus Vance Jr. said in a Statement.

Vance said the Investigation started in March 2017 and involves Violations that "strike at the heart of New York’s sovereign interests, including the integrity of our residential mortgage market."

Manafort will likely not be brought to New York immediately. Instead, he will be brought to New York for his Arraignment sometime in the Future, the Experts said.

The Case brought by Vance appears to Focus in part on Manafort's Home in Soho, which was referenced extensively in his Federal Indictment in Washington.

In part of his Federal Guilty Plea, Manafort admitted to using the Howard Street Condo to Launder Money he Generated from performing Illegal Lobbying Work on Behalf of Pro-Russian Political Factions in Ukraine. He has since been Ordered to Forfeit the Home.

Manafort Purchased the Property for $2.85 Million through a Holding Company, MC Soho Holdings, in 2012, Federal Prosecutors say. It was Used as an Income-Generating Rental Property from January 2015 through 2016, but Manafort Applied for a Mortgage on the Condo starting in late 2015, according to Federal Prosecutors.

In a Bid to convince a Bank for a Higher Loan, Manafort Falsely Reported that it was Not a Rental Property but instead a "secondary home used as such by his daughter and son-in-law," according to Mueller's Prosecutors.

The New York Indictment refers to an Email Manafort sent to a Person Identified as "individual 1" discussing a Visit from an Appraiser. The Federal Indictment also Mentions the Email and Identifies "individual 1" as Manafort's Son-in-Law. "Remember, he believes that you and [individual 3]" — known to be Manafort's Daughter — "are living there," the Email said, according to the Prosecutors. In another Appraiser's Visit, a different Couple Posed as Living in the Condo.

NYC Wins When Everyone Can Vote! Michael H. Drucker


This post first appeared on The Independent View, please read the originial post: here

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Paul Manafort Now in Federal Prison and Indicted by NY Grand Jury


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