November 17, 2024

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Justice Department sues ex-Trump campaign chief Manafort over foreign accounts

Justice Department sues ex-Trump campaign chief Manafort over foreign accounts

The Justice Department has sued Paul Manafort, the former head of Trump’s campaign, alleging that he failed to report financial interests held in foreign countries.

The lawsuit, filed Thursday, accuses Manafort “Deliberate failure to report in a timely manner his finances
interest in foreign bank accounts”, alleging that it failed to report more than 20 offshore accounts between 2006 and 2014.

The lawsuit could result in penalties of nearly $3 million.

Prosecutors allege that Manafort failed to report necessary foreign bank and financial accounts in 2013 and 2014.

The Department of Justice said Manafort’s company at the time, DMP International, had income deposited in accounts in Cyprus, Saint Vincent and the Grenadines, as well as the United Kingdom.

The lawsuit was filed in federal court in West Palm Beach, Florida.

Manafort was sentenced to more than seven years in prison in 2018 on tax and bank fraud charges, despite then-President Trump Pardoned in December 2020.

The Hill has reached out to the Department of Justice and Manafort’s attorney, Jeffrey Neiman, for comment.

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