Manafort proposes $12.5 million bail bundle

Paul Manafort is pictured here. | Getty Images

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Assets to be pledged embody Trump Tower residence.




Former Trump marketing campaign chairman Paul Manafort is providing to publish $12.5 million-worth of property — together with his Trump Tower residence — as a part of a bail bundle to make sure that he seems for the trial he is dealing with on costs of cash laundering and failing to register as a international lobbyist, Manafort’s protection crew stated Saturday.

Manafort’s attorneys recognized three properties he’s keen to pledge: the Trump Tower condominium in Manhattan, a condominium a number of miles to the south on Baxter Street in Chinatown and his main residence in Palm Beach Gardens, Fla. In a court docket submitting, the veteran lobbyist additionally stated a number of life insurance coverage insurance policies price a complete of $four.5 million may very well be posted, though they’re held by trusts or Manafort’s spouse Kathleen.

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In alternate for pledging the properties, Manafort is looking for to be launched from residence confinement at his Alexandria, Va. condominium and permitted to journey freely in Florida, Virginia, Washington, D.C. and New York.

“These substantial financial conditions, travel restrictions, and other conditions of release will reasonably badure Mr. Manafort’s appearance as required,” protection attorneys Kevin Downing and Tom Zehnle wrote within the new court docket submission.

Manafort additionally seems to be requesting an finish to GPS monitoring that was imposed as a part of the house confinement, though at a listening to Thursday, U.S. District Court Judge Amy Berman Jackson appeared reluctant to discontinue that surveillance.

Jackson is scheduled to handle the bail problem additional at a listening to set for Monday morning.

Manafort’s authorized crew additionally used the brand new submitting to reframe a few of the extra colourful information prosecutors highlighted of their bail submission earlier within the week, just like the declare that Manafort had three pbadports on the time he was charged.

“Much has been made of Mr. Manafort’s possession of three different pbadports,” Downing and Zehnle wrote. “While some reports have painted this as though Mr. Manafort is akin to a 68-year-old ‘Jason Bourne’ character, the facts are much more mundane.”

The protection attorneys stated Manafort bought a second pbadport in order that he may apply for visas whereas his first one was in use, a apply the State Department has lengthy permitted. The lobbyist utilized for a 3rd one when he thought he had misplaced his first one, however that one later turned up, the attorneys stated.

Manafort’s protection additionally stated prosecutors had been making an excessive amount of of his journey overseas, which they stated was inherent in his work as a global advisor.

“Mr. Manafort has been providing consulting services for international clients for many years and no one disputes this fact. It would be odd, indeed, if he did not frequently travel, both domestically and abroad, given his clientele and the nature of his business,” the attorneys wrote. “Simply put, one’s frequent flyer status should not be over-emphasized to show a potential risk of flight when a person’s job requires extensive travel.”

The protection didn’t reply to the prosecution’s claims that Manafort arrange an e mail account and a cell phone earlier this yr utilizing an alias after which traveled overseas with the telephone.

After Manafort’s arraignment final Monday, a Justice of the Peace choose launched him to residence confinement on a $10 million private recognizance bond. That badociation amounted to the longtime political and enterprise advisor promising to pay that sum if he failed to point out up in court docket, but it surely didn’t require that he publish any precise cash or property.

Notably, Manafort’s newest pleading repeats an badertion in a previous pleading that the costs towards the longtime lobbyist don’t have anything to do with the Trump marketing campaign — a declare that echoes the White House’s fundamental speaking level concerning the case.

Manafort’s indictment by particular counsel Robert Mueller comes amid a broad investigation into Russian interference within the 2016 election and potential collusion between Moscow and Trump’s marketing campaign.

“Of note, his work on behalf of the Ukrainian clients ended around two years before Mr. Manafort agreed to work as the campaign manager for then-candidate Donald Trump,” the protection attorneys wrote.

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