Paul Manafort - Trump Campaign Manager - Settles in Tax Fraud Case, Agrees to Pay $3.15 Million to Gov
Trump Corrupt Swamp
Date: March 18, 2023 06:26PM
Paul Manafort has agreed to pay $3.15 million he owes to the US government over misrepresentations he made on his tax returns almost a decade ago, bringing to a close the former Trump campaign chairman's financial tangles in court.
Manafort hadn't disclosed to the Treasury Department nearly two dozen bank accounts in Cyprus, St. Vincent and the Grenadines and the UK that he used for political consulting business he did in Ukraine in 2013 and 2014, according to court filings.
The offshore accounts had tens of thousands of dollars in them, making it necessary for him to report them to the IRS. But on his tax returns, Manafort said he had no foreign bank accounts.
Manafort later admitted to failing to disclose the accounts as part of his guilty plea on a host of financial and tax crimes in the Mueller investigation. He was pardoned by then-President Trump in late 2020, again skirting some of the payback requirements.