Manafort Got $3.5M Mystery Mortgage, Paid No Tax
Source: NBC News
MAY 16 2017, 7:38 AM ET
by TOM WINTER and KENZI ABOU-SABE
Former Trump campaign manager Paul Manafort took out a $3.5 million mortgage through a shell company just after leaving the campaign, but the mortgage document that explains how he would pay it back was never filed and Manafort's company never paid $36,000 in taxes that would be due on the loan.
In addition, despite telling NBC News previously that all his real estate transactions are transparent and include his name and signature, Manafort's name and signature do not appear on any of the loan documents that are publicly available. A Manafort spokesperson said the $3.5 million loan was repaid in December, but also said paperwork showing the repayment was not filed until he was asked about the loan by NBC News.
News of the missing documents comes as New York Attorney General Eric Schneiderman is taking a "preliminary look" at Manafort's real estate transactions, according to a source familiar with the matter.
A satellite view of Paul Manafort's home in Bridgehampton, N.Y.
On August 19, 2016, Manafort left the Trump campaign amid media reports about his previous work for a pro-Russian political party in Ukraine, including allegations he received millions of dollars in payments. That same day, Manafort created a holding company called Summerbreeze LLC. Several weeks later, a document called a UCC filed with the state of New York shows that Summerbreeze took out a $3.5 million loan on Manafort's home in the tony beach enclave of Bridgehampton.
Read more: http://www.nbcnews.com/news/us-news/manafort-got-3-5m-mystery-mortgage-paid-no-tax-n759866
Orrex
(63,291 posts)It was enough to launch a $40M investigation and the impeachment process.
But $3.5M? No big deal, apparently.
IronLionZion
(45,667 posts)Hillary is clearly out of touch with the type of normal salt of the earth middle Americans who have several multi-million dollar houses and incorporated holding companies.
At least Manafort doesn't meet people at pizzerias.
Cryptoad
(8,254 posts)lostnfound
(16,203 posts)neohippie
(1,142 posts)then takes a loan out on it from a shell company owned with Russian partners, then pays loan, but not taxes, then transfers ownership to shell company
Hmm that doesn't look like money laundering does it?
It looks like he used his wife's name on the deed, perhaps the FBI should be looking into the relatives as well in all these investigations too. Trump says he has no Russian loans, business partners, but how about his sons, his son in law?
klook
(12,174 posts)Or another way to put it would be "a lot of fertilizer."