Manafort lawyers rest without calling witnesses in fraud trial

This Aug. 7 2018 courtroom sketch depicts Rick Gates right testifying during questioning in the bank fraud and tax evasion trial of Paul Manafort at federal court in Alexandria Va. U.S. district Judge T.S. Ellis III presides at top right. Gates ackno

Manafort lawyers rest without calling witnesses in fraud trial

The trial is the first to arise in the investigation by special counsel Robert Mueller of ties between Trump and Russian Federation and related matters.

Gates testified that he committed crimes with Manafort, including concealing offshore accounts to avoid reporting them to the US government at tax time and claiming false income to get loans.

"Mr. Manafort just rested his case", Downing said outside the courthouse during Tuesday's afternoon recess. Those witnesses said the bank chief executive officer, Stephen Calk, overrode red flags at the bank.

But the charges involve tax and bank fraud, not possible collusion between Russian Federation and Donald Trump's campaign for president. Then, after his money in Ukraine dried up, he defrauded banks by lying about his income on loan applications and concealing other financial information, such as mortgages, it's alleged.

This comes as his defense team decided not to present a case on his behalf and did not call up any witnesses. As a political consultant for pro-Kremlin politicians in the Ukraine, Manafort earned some $60 million between 2010 and 2014.

According to a new exhibit submitted into evidence on Monday, Manafort - who resigned from his role as chairman of the Trump campaign months earlier - emailed Kushner on November 30, 2016, with three recommendations for senior administration positions in then-President-elect Donald Trump's administration.

James Brennan, a vice president at Calk's Chicago bank, Federal Savings, testified in court the bank was aware Manafort had lied about his finances to obtain the loans but proceeded anyway because of Calk. Witnesses testified at trial that Calk pushed the loans through because he wanted a post in the Trump administration.

Over the course of the trial, Manafort's attorneys have sought to pin the blame for any financial wrongdoing on his former business partner, Rick Gates, who was indicted alongside Manafort.

Gates testified that he helped Manafort commit crimes in an effort to lower his tax bill and fund his lavish lifestyle.

Closing arguments will begin next, followed by jury deliberations. Though Gates definitively admitted to embezzling hundreds of thousands of dollars from Manafort at his old job, Trump's inaugural committee chairman is declining to say how much money Gates may have taken _ or whether any further review of inaugural spending is warranted. Neither Manafort nor Gates have been charged in connection with their Trump campaign work. Judge T.S. Ellis denied the motion.

Latest News