Ex-Trump Campaign Chairman Manafort In $11.65 Million Bail Deal

02 December, 2017, 00:40 | Author: Gregory Stephens
  • Former Trump campaign chairman Paul Manafort may have reached a bail agreement after arrangements dragged on for weeks

According to court papers filed on Thursday, special counsel Robert Mueller's team has agreed that if Manafort posts the four properties - two in NY, one in Florida, and one in Virginia - it would be enough to ensure he doesn't flee the country or otherwise violate bail conditions. Manafort and his business associate Rick Gates have both pleaded not guilty.

The deal is subject to approval by U.S. District Judge Amy Berman Jackson of Washington, who ordered prosecutors Thursday afternoon to state their agreement with the proposed deal in writing. He can also travel to and from Washington, D.C. where proceedings are scheduled. The properties will be seized should Manafort violate the terms of his release.

Paul Manafort has reached a $11 million bail agreement with special counsel Robert Mueller's office that would allow him to be released from home arrest and Global Positioning System monitoring, according to court documents filed on Thursday.

Notably not on the list is a property on East 5th Avenue in Manhattan - identified by several media outlets as being in Trump Tower - that Manafort previously said in court papers he was willing to post in exchange for his release from home confinement.

It is unclear if Manafort's co-defendant Rick Gates’ lawyers are nearing a deal with prosecutors as well

"Simply put, Mr. Manafort's family would face severe economic consequences if he were not to appear as required", his lawyers said, calling the sum "a substantial portion" of assets "accumulated over a lifetime of work". Together, the four homes have a total net assessed value (deducting outstanding mortgages and other obligations) of $11.7 million, according to court documents.

In this July 17, 2016 photo, Trump Campaign Chairman Paul Manafort talks to reporters on the floor of the Republican National Convention at Quicken Loans Arena in Cleveland.

But if Manafort flees, his wife would be required to turn over $10 million. Manafort has also surrendered three passports, and Kathleen Manafort surrendered hers as well.



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