31 Oct 2017
By Tanza Loudenback, UK Business Insider
Paul Manafort, President Donald Trump’s former campaign chairman, was indicted by a grand jury on Monday morning along with his business associate Rick Gates on a range of charges, including laundering over $21 million.
The hidden millions were used “to enjoy a lavish lifestyle in the United States, without paying taxes on that income,” the indictment says.
But Manafort, who the indictment says transferred funds from offshore accounts to pay for over $12 million in “personal items” ranging from home renovations to four Range Rovers, didn’t just spend lavishly — he also made money as an Airbnb landlord, the indictment says.
The indictment shows that in addition to the $12 million Manafort spent on personal items, he used $6.4 million from offshore accounts in 2012 to purchase three residential properties in the US: a condominium on Howard Street and a brownstone on Union Street, both in New York City, and a house in Arlington, Virginia.
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