Manafort Reaches Civil Settlement with DOJ

March 6, 2023

Former Trump Campaign chair Paul Manafort agreed to pay $3.15 million to settle a civil case with the Department of Justice over undeclared foreign bank accounts, according to newly-released court documents.

The DOJ had filed suit against Manafort in April 2022 over allegedly failing to disclose more than 20 bank accounts in several countries, including Cyprus, the UK, St. Vincent and the Grenadines.

The maximum aggregate balance of the accounts exceeded to required reporting threshold of $10,000. The government said Manafort had filed false tax returns from 2006-2015 and that the Treasury Department had notified Manafort of the fines and assessment in July 2020.

The settlement between the DOJ and Manafort was detailed in court documents filed February 22 in the U.S. District Court for the Southern District of Florida.

Manafort was sentenced to seven and a half years in prison in 2019 as part of Special Counsel Robert Mueller’s investigation into Russia’s interference in the 2016 Presidential election.

In 2018 Manafort pleaded guilty to circulating false stories on behalf of his pro-Russia Ukrainian client and not disclosing his lobbying work to the DOJ, as is required by law.

A jury in 2018 also found Manafort guilty of eight financial crimes, including several related to his political consulting work in Ukraine. Public revelation of those ties had led to his removal from the Trump Campaign ahead of the 2016 Republican National Convention where Trump was officially nominated the GOP’s Presidential candidate.

In December 2020, then-President Trump pardoned Manafort along with former Trump adviser Roger Stone, erasing two of the most important convictions under the 2016 Russia election investigation.

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