Latest
Recommended
Published: Tue, November 07, 2017
Global Media | By Abel Hampton

Preet Bharara: Paul Manafort May Flip To Avoid A Harsh Sentence

Preet Bharara: Paul Manafort May Flip To Avoid A Harsh Sentence

They were released into home confinement with Global Positioning System monitoring on $10 million and $5 million unsecured bail bonds last week and are now petitioning the court for more flexible conditions. They're planning to ask a judge in court Monday to lift those conditions.

"We're not talking about dangerousness here; we are only talking about flight [risk]", Berman Jackson said, indicating she doesn't believe either defendant poses a danger to the public.

Jackson's original intention was to lift the home confinement but ordered that both men stay away from transportation facilities and continue to be tracked by a Global Positioning System monitor, she said, but said she will "keep an open mind".

Former Trump campaign chairman Paul Manafort and his associate, Rick Gates, were indicted on several charges last week, including money laundering and conspiracy against the United States. The men are accused of laundering the profits of foreign consulting work performed on behalf of a Ukrainian political party and concealing those assets from the US government.

Manafort, 68, and Gates, 45, pleaded not guilty after being charged on October 30 in a 12-count indictment handed down by a grand jury. Gates faced the same restrictions with a $5 million unsecured bond. The decision is expected to be reached prior to Manafort and Gates' next court appearance in December where a trial date will be determined. It was no surprise that the two are considered flight risks and were forced to surrender their passports, placed under house arrest, and subject to Global Positioning System monitoring.

Manafort's attorney didn't answer requests for comment from NY. They said in court documents over the weekend that they had yet to substantiate Manafort's net worth, which he has placed at $28 million, and questioned whether a Fifth Avenue property that Manafort has valued at $3 million - and had pledged to secure his bond - is actually worth that much. They said that of the three passports, he used one to submit with visa applications to certain foreign countries, and the third he applied for and obtained after he had lost his primary one.

Like this: