Former Trump campaign manager Paul Manafort agreed to deliver five New York properties as part of an agreement with special attorney Robert Mueller.
Paul Manafort will be forced to deliver five properties purchased with dirty money as part of his plea agreement with Special Advisor Robert Mueller.
The former disgraced campaign manager of Donald Trump pleaded guilty to two counts of conspiracy against the US. UU On Friday, and agreed to the confiscation as part of his plea agreement.
The homes, which include a luxurious property in the Hamptons, a red-brown Brooklyn house and three apartments in Manhattan, are worth a combined $ 22 million, according to Zillow's estimates.
An initial agreement would have required Manafort to lose his home in Arlington, Virginia, but the 69-year-old trader changed that property for one of the apartments in Manhattan.
He also negotiated to hang on to one of the four bank accounts that the government planned to seize by giving up his department at Trump Tower.
In addition to real estate, Manafort agreed to deliver $ 30 million in cash and other assets, including a life insurance policy.
In return, the lobbyist will be sentenced to up to 10 years in prison and will cooperate with Mueller's ongoing investigation in Russia.
Below is a look at the properties that the government will soon put on the market:
The Bridgehampton property
The most painful farewell to Manafort will likely be at his extensive Long Island property at 174 Jobs Lane, Water Mill, New York.
The 5,574-square-foot house with 10 bedrooms and six bathrooms is worth approximately $ 7 million.
Amenities include tennis and basketball courts, a putting green and a pool.
Prosecutors say Manafort spent more than $ 6 million to improve the property, although it is not clear if that money was actually used in the house or if it was washed.
The most expensive property that Manafort will lose is a $ 7 million property on Long Island (top)
The Brooklyn brownstone
The second most expensive property in Manafort is a historical reddish stone of 4,284 square feet valued at $ 4.1 million.
The seven-bed, four-bath home is located at 377 Union Street in the trendy Brooklyn neighborhood of Carroll Gardens.
Apparently, Manafort brokers expected to sell the property for a whopping $ 9 million before reaching an agreement with Mueller.
Manafort also agreed to deliver his red-stone house in Brooklyn valued at $ 4.1 million.
The Trump Tower apartment
When negotiating his plea agreement, Manafort exchanged his apartment in Trump Tower in exchange for one of the bank accounts that prosecutors planned to confiscate.
The 43rd floor condominium in the president's landmark building on Fifth Avenue was purchased in 2006 for $ 3.7 million.
In April 2017, Manafort was charged with receiving an illegal tax relief by claiming the apartment and another house in Florida as his primary residence.
It is not clear what the sale price will be when the house returns to the market.
According to reports, Manafort changed his apartment on the 43rd floor of the Trump Tower in Manhattan in exchange for one of the four bank accounts that prosecutors were planning to take advantage of.
The floor of SoHo
It is likely that Manafort will find it easier to separate from his Manhattan apartment at 29 Howard St, which he reportedly rented as Airbnb for more than $ 500 per night.
The 2,150-square-foot platform in the coveted neighborhood south of Houston Street has two bedrooms and two bathrooms.
It has a value of $ 2.9 million.
It is likely that the disgraced lobbyist is not so distressed as to part with his apartment in the trendy SoHo neighborhood, which he apparently rented on Airbnb for $ 500 per night.
The Chinatown platform
Another Manhattan apartment that Manafort agreed to deliver is located in Chinatown at 123 Baxter Street.
According to reports, Manafort's daughter, Andrea, bought the booklet in 2007 for $ 2,545,625.
One of the fictitious companies of his father, Jesand LLC, is listed as co-owner. That LLC obtained a $ 1 million loan against the property last year.
Manafort then offered the apartment as collateral when it reached a plea agreement on money laundering charges in November.
Manafort will lose his apartment in Chinatown (above), which is co-owner of his daughter Andrea, who bought it in 2007 for more than $ 2.5 million.
The house of Virginia Manafort managed to hold on
Under a preliminary plea agreement, Manafort would have been required to lose his home in Arlington, Virginia, however, the former campaign chairman negotiated to keep the property by giving up his SoHo apartment.
The 2,828-square-foot home at 1046 N Edgewood Street is valued at $ 1.7million.
It has two bedrooms, 2.5 bathrooms and is only a few miles outside of Washington, DC, where the Manafort trial took place.
Manafort clung to his home in Arlington, Virginia, (top) offering his SoHo floor instead
CHARGES BEHIND THE NEW MANAFORT – DEMANDA MUELLER
Paul Manafort pleaded guilty to two counts of conspiracy against the United States on Friday, and told the federal court in DC that he will cooperate with Robert Mueller's investigation and agreed to meet with the team of special lawyers without a lawyer.
The dazzling development that Manafort will help the prosecutors who pursued him in a series of money laundering and tax charges follows a series of earlier indications that Manafort would not cooperate with Special Advisor Robert Mueller.
Their cooperation, depending on its scope, could provide prosecutors with a valuable tool as they move forward in Russian research.
The charges included allegations that Manafort lied to the Justice Department about his work for a foreign government and that it obstructed justice by attempting to influence potential witnesses in the case.
When Judge Amy Berman Jackson asked Manafort if this was a "true and accurate statement of what he did in this case," Manafort replied: "It is."
The former president of the Trump campaign pleaded guilty to two counts of conspiracy against the United States, charges that carry a maximum of five years in prison each. The judge noted that these prayers could not be attended simultaneously.
He will also face up to three years of supervised release in each position and a maximum fine of $ 250,000 in each position.
Judge Jackson said he will wait until sentencing Manafort until he receives a report on sentencing guidelines from the probation office. It will also allow both parties to present objections if they wish.
He also told Manafort that the law will require that his sentencing guidelines be tougher because his actions involved money laundering, obstruction of justice and overseas accounts and other "sophisticated media."
She said that the improved guidelines would mean that Manafort should face between 210 and 262 months in prison, an amount of time that would have to be limited due to the maximum sentence of 10 years.
Judge Jackson also noted that Manafort would not be eligible for parole because it has been abolished for federal cases.
The Manafort defense team agreed that the legal maximum of 10 years would be reasonable in this case. Prosecutors will still have the opportunity to file a motion asking for a lower sentence, and this could depend on the scope of Manafort's cooperation with the special attorney's office.
Judge Jackson granted the lawyers of both parties 60 days to return and file a joint status report on the case.