The good news for Paul Manafort this week was that a federal court in Virginia failed to convict him on 10 counts of money laundering and tax evasion related charges. The bad news is he was found guilty of eight others.
Manafort, who served as a campaign chairman for President Donald Trump, keeps a swanky estate on Job’s Lane in Bridgehampton. He was convicted of five counts of tax fraud, two counts of bank fraud, and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
During the trial, several local contractors were called to testify about their financial dealings with Manafort. Michael Regolizio of New Leaf Landscaping said he was paid more than $400,000 by international wire between 2010-2014. A number of the transfers originated from Cyprus.
Kevin Downing, a lawyer for Manafort, said the defense was “disappointed” by the verdict and that his client was “evaluating all of his options at this point.”
Manafort still faces a second set of criminal charges in a Washington, DC, federal court, for failure to register his foreign lobbying, and of money laundering conspiracy related to the same Ukrainian political work that was central to the Virginia case.