Manafort Found Guilty of Bank, Tax Fraud in First Trial Win for Mueller
U.S. District Judge T.S. Ellis declared a mistrial on the 10 remaining counts after polling the jury.
August 21, 2018 at 04:47 PM
6 minute read
Paul Manafort, the former chairman of President Donald Trump's campaign, was found guilty Tuesday of tax and bank fraud, along with failing to disclose foreign bank accounts, a verdict that handed the special counsel a conviction in the first trial to emerge from its investigation into Russian interference in the 2016 election.
A jury of six men and six women deliberated for four days before convicting Manafort on eight of 18 criminal counts alleging he hid money in overseas bank accounts, avoided paying U.S. taxes and defrauded banks in pursuit of loans. U.S. District Judge T.S. Ellis III of the Eastern District of Virginia declared a mistrial on the 10 remaining counts after polling the jury, with each of its members indicated that further deliberations would not resolve differences among the jurors.
Manafort stood facing the jury, flanked by his defense lawyers, as the verdict was read aloud. He was found guilty on five counts of filing false tax returns, two counts of bank fraud and a single count of failing to file a so-called FBAR disclosure of a foreign bank account. The jury could not reach a consensus on any of the conspiracy charges against Manafort, a once-venerated political consultant who advised Republican luminaries, including former President Ronald Reagan.
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