Manafort to put up Manhattan condo, Hamptons home to make bail

Michele Moreno
December 2, 2017

Former Trump campaign manager Paul Manafort has reached a bail compromise with the special counsel that could end his house arrest and Global Positioning System monitoring in exchange for pledging to forfeit $11 million worth of property if he violates release conditions.

Now, that house arrest could come to an end after defense attorneys presented "an agreed-upon bail package" with Mueller's team in court filings on Thursday, Politico reported.

Manafort, 68, and his co-defendant, business partner Rick Gates, 45, have been under home confinement and Global Positioning System monitoring with few exceptions since pleading not guilty October 31 in the first criminal allegations in Mueller's probe of possible Russian influence in US political affairs, including Trump's 2016 election. The properties will be seized should Manafort violate the terms of his release.

He has also agreed to restrict his travel to surrounding states.

Agreement on bail had been reached with the office of Special Counsel Robert Mueller, Downing said in the filing.

Paul Manafort has reached a $11 million bail agreement with special counsel Robert Mueller's office that would allow him to be released from home arrest and Global Positioning System monitoring, according to court documents filed on Thursday.

The two other properties being used as collateral are a home at 10 Saint James Drive in South Florida's Palm Beach Gardens and one in Alexandria, VA.

Prosecutors had said the scope of Manafort's wealth was unknown to the government, apparently seeking to pry out more information through the bail process.

The properties are worth $11.65 million, according to the documents. The agreement, which still needs a judge's approval, would also allow Manafort to shed a Global Positioning System tracking device.

The charges filed against Mr. Manafort and Mr. Gates were not connected to their work for the Trump campaign, rather the charges stemmed from their failure to report years of lobbying activity done on behalf of a Ukrainian political party and the laundering of money received for the work. Jackson has said she was concerned that both men posed a flight risk because their extensive overseas connections.

Other reports by Insurance News

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