Paul Manafort Is Accused of Money Laundering. Here's What That Means

Paul Manafort Is Accused of Money Laundering. Here's What That Means

"So you're evading taxes and you don't charge them with tax evasion?" The indictment alleges that both Manafort and Gates worked as lobbyists on behalf of the Regions party and its then head, Viktor Yanukovych, President of Ukraine (Yanukovych was elected in 2010, but removed from office in 2014).

In addition, the Foreign Agents Registration Act (FARA) requires Americans who have business relationships with anyone acting on behalf of foreign leaders or other "political entities" to inform the USA government regularly.

On Tuesday night, conservative radio talk show host Mark Levin slammed Special Counsel Robert Mueller for the indictments of Paul Manafort and Rick Gates.

Above: Manafort made these wire transfers from accounts in Cyprus towards purchasing real estate.

It's theoretically possible that the illegal act which turned $75 million of profit into a money-laundering slush fund was an intention by Manafort and Gates all along to avoid registering with the federal government as 'foreign agents, ' and to hide their foreign bank accounts at the same time. He paid around $2.85 million for it, using money from Manafort entities in Cyprus, where he had millions in offshore accounts.

Honoured to have gate at Kotla stadium named after me: Sehwag
Sehwag also said that he got motivation from yesteryear cricketers like Bishan Singh Bedi and Mohinder Amarnath. Sehwag is widely regarded as one of the best Test openers from India to have played the game.

- Manafort filed for a homestead exemption on the property this year.

The indictment does not mention Manafort's Trump Tower apartment, located about 20 stories down from the president's own triplex penthouse, bought for $3.675 million in 2006 with all cash through a shell company called "John Hannah LLC, according to the Associated Press and WNYC".

Prosecutors say Mr. Manafort wired more than $5.4 million from offshore accounts to a Hamptons home improvement company between 2008 and 2014 for work on the property and spent almost $1 million of hidden funds on landscaping and installing an audio and video home integration system. Last year, NY state also made it illegal to so much as advertise rental of an entire home in the city for less than 30 days on Airbnb and other online platforms.

The indictment didn't state whether prosecutors believe these payments amounted to lavish personal spending or part of a secondary effort to route more cash back to Manafort and Gates.

Failing to obey lobbying laws, lying on official forms, lying to investigators, clumsily laundering money, and sloppily defrauding banks - these allegations reek of arrogance and rank incompetence. "Overpayment for services is a very popular method of money laundering for good reason- it takes a very keen eye to notice, and is even more hard to prove", according to the Whistleblower Justice Network.

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