Tiny Red HandsBack

Manafort forfeits a Trump Tower condo, an insurance policy, and at least $11 million in bank funds

Date
2019-05-30
Entry type
criminal-forfeiture
Current status
Forfeiture ordered and assets transferred to federal control

Final orders transferred the listed property to federal control; the sources do not state one aggregate value for the cash and noncash assets.

Entities and roles

Relationships in this file

  1. Donald J. Trump2016 campaign chairmanPaul Manafort

Money trail

  1. asset transferBank funds forfeitedAt least $11 million
    Transferred by / from
    Paul Manafort
    Transferred to
    United States government
    Financially affected
    Paul Manafort
    realized · 2019-05-30 · observedPopulation Bank-account funds forfeited in connection with Manafort's D.C. case; noncash assets excludedPeriod 2018-09-14 to 2019-05-30Basis Use Axios's reported floor for bank-account funds; treat the Trump Tower condo and insurance policy as separate noncash transfers with no asserted value.Limits At least indicates a floor. The sources do not report net liquidation proceeds, noncash asset value, or offsets against restitution.Open cited evidence

Claims and evidence

  1. factdocumented

    A federal judge entered final orders transferring Manafort's Trump Tower condominium and a life-insurance policy to the United States; Axios reported that he also forfeited at least $11 million from bank accounts. Trump's later clemency warrant separately recited an $11 million forfeiture term. The $11 million floor applies to bank funds; neither cited source supplies a valuation for the condominium or policy.