Manafort forfeits Trump Tower apartment in plea deal

Manafort forfeits Trump Tower apartment in plea deal
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Former Trump campaign chairman Paul ManafortPaul John ManafortCountering the ongoing Republican delusion Yellen should utilize the resources available before pushing new regulations Huawei paid Tony Podesta 0K for White House lobbying MORE agreed to forfeit his apartment in Trump Tower instead of one his bank accounts in his plea deal with special counsel Robert MuellerRobert (Bob) MuellerAn unquestioning press promotes Rep. Adam Schiff's book based on Russia fiction Senate Democrats urge Garland not to fight court order to release Trump obstruction memo Why a special counsel is guaranteed if Biden chooses Yates, Cuomo or Jones as AG MORE.

Overall, Manafort forfeited five properties, three bank accounts and a life insurance policy. 

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The forfeitures are part of an agreement to plea guilty to one count of conspiracy against the United States and one count of conspiracy to obstruct justice by witness tampering. 

Manafort must also cooperate “fully, truthfully, completely, and forthrightly” with the Justice Department in any and all matters that the government finds his cooperation to be relevant. 

The sentencing guidelines outlined in the plea indicate Manafort could face between 17 and almost 22 years in prison for the crimes and pay a fine of $42,400. However, Judge Amy But Berman said the statutory guidelines cap the sentence at five years for each count. 

Prosecutors allege that Manafort illegally lobbied on behalf of the Ukrainian government after failing to register as a foreign agent and laundered over $30 million from his business and evaded over $15 million in taxes. 

Manafort had previously been found guilty of eight counts of bank and tax fraud charges last month in a trial in Virginia. The plea deal also applies to 10 additional counts on which that jury could not reach a consensus.

The guilty plea also heads off a second trial that would have taken place in Washington.