Paul Manafort, former chair of Donald Trump’s 2016 presidential campaign, She agreed to pay $3.15 million To settle a civil case filed by the Ministry of Justice last year, according to his claim “willful failure to report in a timely manner his financial interest in foreign bank accounts,” According to court documents.
Court documents filed Feb. 22 in the US District Court for the Southern District of Florida, where Manafort resides, detail the settlement. The agreement came in response to a lawsuit filed last year by the Department of Justice against Manafort, which sought $2.9 million from him at the time, accusing him of failing to report advisory income from Ukrainian sources that was deposited into accounts he allegedly directed him to open. Cyprus, Saint Vincent and the Grenadines, and the United Kingdom.
The civil lawsuit, filed in West Palm Beach, Florida, said Manafort earned income from conducting consulting business in Ukraine from 2006 to 2014. It alleges that Manafort failed to report interest in foreign accounts on his federal tax returns or by filing on time The appropriate Foreign Banking and Financial Accounts Report, commonly known as “FBAR” for the years 2013 and 2014.
The suit alleged that many of the accounts were set up “without using Manafort’s name at all,” using shell companies that were opened or operated by others on his behalf.
“Although there were defenses, Mr. Manafort has chosen to put this chapter of his life completely behind his back,” Manafort’s attorney, Geoffrey Neiman, said in a statement about the settlement to NBC News. Paul has moved on.
Manafort briefly ran Trump’s 2016 campaign and came under scrutiny for his political consulting work in Ukraine, which earned him millions of dollars. He resigned from his post in the campaign months before the November 2016 presidential elections.
Manafort was sentenced to 47 months in prison on fraud and tax charges in March 2019. He was granted a full pardon in December 2020 by then-President Donald Trump. The White House alleged Trump “bypassed the prosecution” in the Manafort case.
Manafort was convicted of eight felony counts in Virginia in 2018 and entered into a plea agreement in a separate case to 10 counts, including three counts of failure to file reports on foreign bank and financial accounts, seven counts of bank fraud and conspiracy to bank fraud. .
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