On the same day Paul Manafort stepped down as the campaign chairman for Donald Trump’s White House run last August, he formed a shell corporation and took out loans worth $13 million from Trump-connected businesses, according to a New York Times report on Wednesday.
It’s the newest revelation in a string of reports about Manafort’s complex financial transactions and six-figure loans. The federal government announced that it is probing some of Manafort’s dealings — including offshore accounts in Cyprus — but it’s not clear whether these loans are part of that inquiry.
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