Real Estate News

Manafort Enters Into Plea Deal

Paul Manafort’s nosey Bridgehampton neighbors won’t have Donald Trump’s former campaign manager sullying the neighborhood for much longer.

Manafort was convicted earlier this month in his financial fraud trial.

The verdict was a victory for the special counsel, Robert Mueller, whose prosecutors introduced extensive evidence that Manafort hid millions of dollars in foreign accounts to evade taxes and lied to banks repeatedly to obtain millions of dollars in loans.

Manafort 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. And there was the rub – the government planned on reopening the case again and going after Manafort on the mistrial charges.

Faced with even more jail time, Manafort buckled. On Friday, September 14, he entered into a plea deal, pleading guilty to two additional counts and agreed to give up five properties he owned, including his Bridgehampton estate at 174 Jobs Lane. Manafort also agreed to surrender four New York City properties.