Tag: bank fraud

3 Takeaways From Day 5 of the Manafort Trial

The following article by Griffin Connolly was posted on the Roll Call website August 6 2018:

Manafort’s former deputy, Rick Gates, takes the stand

Rick Gates, here in November 2017. Credit: Bill Clark, CQ Roll Call file photo

The second week of the tax evasion and bank fraud trial of Paul Manafort kicked off Monday.

The day featured the defense’s cross-examination of Cindy Laporta, the onetime Trump campaign chairman’s former accountant and tax preparer; testimony from a Treasury Department employee who researched whether Manafort had filed reports of foreign bank and financial accounts, or FBARs; and Manafort’s former deputy, Rick Gates.

The high-powered political consultant is facing 18 counts and a maximum 305-year prison sentence if the Eastern Virginia jury finds him guilty.

Trump attorney Cohen is being investigated for possible bank fraud, campaign finance violations

The following article by Carol D. Leonnig, Tom Hamburger and Devlin Barrett was posted on the Washington Post website April 9, 2018:

Michael Cohen, President Trump’s personal attorney, is under federal investigation. The Washington Post’s Tom Hamburger explains what you need to know. (Video: Bastien Inzaurralde/Photo: Jabin Botsford/The Washington Post)

Michael Cohen, the longtime attorney of President Trump, is under federal investigation for possible bank fraud, wire fraud and campaign finance violations, according to three people with knowledge of the case.

FBI agents on Monday raided Cohen’s Manhattan office, home and hotel room as part of the investigation, seizing records about Cohen’s clients and personal finances. Among the records taken were those related to a 2016 payment Cohen made to adult-film star Stormy Daniels, who claims to have had a sexual encounter with Trump, according to a fourth person familiar with the investigation. Continue reading “Trump attorney Cohen is being investigated for possible bank fraud, campaign finance violations”

Mueller levels new claim of bank fraud against Manafort

The following article by Josh Gerstein was posted on the Politico website February 16, 2018:

Prosecutors say they’ve found ‘additional criminal conduct’ by the former Trump campaign chairman.

The special counsel’s office told a judge it has new evidence of bank fraud against Paul Manafort. No charges have been filed stemming from the new allegation. Credit: Andrew Harnik/AP Photo

Special counsel Robert Mueller’s office has told a federal judge it has found evidence that Paul Manafort, the former Trump campaign chairman, committed bank fraud not addressed by the indictment last October in which he was charged with money laundering and failure to register as a foreign agent.

As legal wrangling continues over a $10 million bail package for Manafort, prosecutors this week accused him of submitting false information to a bank in connection with at least one of his mortgages.

“The proposed package is deficient in the government’s view, in light of additional criminal conduct that we have learned since the Court’s initial bail determination,” prosecutors wrote in a court filing submitted on Tuesday and made public in a redacted form on Friday evening. “That criminal conduct includes a series of bank frauds and bank fraud conspiracies.” Continue reading “Mueller levels new claim of bank fraud against Manafort”