Paul Manafort used Airbnb for offshore-linked property rental
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.

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Paul Manafort used Airbnb for offshore-linked property rental”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.