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Paul Manafort, former president of President Trump's campaign, confiscates real estate worth an estimated $ 22 million in New York, including three flats in Manhattan, a Brooklyn home and a home in the Hamptons. .
Under the terms of the agreement, Manafort has agreed to communicate everything he knows to Special Adviser Robert S. Mueller III, who is investigating Russia's interference in the 2016 elections.
Mr Manafort, aged 69, said he would hand over to the government the five properties in New York, including an apartment at Trump Tower, as well as the contents of three bank accounts and his insurance policy life.
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According to an estimate by Zillow, the online real estate company, two of Manhattan's SoHo apartments have an estimated value of $ 3.2 million and $ 4.1 million. Mr. Manafort's apartment at Trump Tower in Midtown is estimated at $ 3 million.
The most valuable real estate that Mr. Manafort has agreed to abandon is his home in the Hamptons, which is estimated $ 7.3 million, according to Zillow. The website states that the watermill has a 5 storey, 5,600 square foot home with 10 bedrooms, a pool and a tennis court.
It is estimated that the brown stone house in upscale Carroll Gardens, Brooklyn, is worth $ 4.1 million.
The assets will end up in the Department of Justice Asset Forfeiture Fund, which is used to cover the costs of law enforcement. The fund can also be used to fund "some general investigative expenses," according to the Justice Department's website.
The first four and a half months of the investigation of the special advocate cost taxpayers nearly $ 7 million, including $ 3.2 million in direct expenses by Mr. Mueller's team. The survey lasted about 16 months.
During the Manafort trial in Virginia, prosecutors highlighted his lavish lifestyle, including evidence that he had transferred millions of dollars of secret bank accounts to buy and renovate homes in the Hamptons and the United States. suburb of Washington.
Under the agreement, announced at a hearing in Washington, Mr Manafort was charged with two counts of conspiracy punishable by up to ten years' imprisonment. He was originally charged with seven counts, including obstruction of justice, lack of registration as a foreign agent, and conspiracy to launder money.
Mr. Manafort was convicted last month by a Virginia federal court of five counts of tax evasion, two counts of bank fraud and one count of non-disclosure of a foreign bank account. The jury was not able to reach a verdict on the remaining 10 counts and the judge declared a wrong trial on these charges.
According to court documents, Mr. Manafort negotiated the abandonment of his SoHo apartment on Baxter Street for his home in Arlington, Virginia, which prosecutors contemplated for the confiscation agreement. The house in Virginia is estimated at $ 1.7 million. He also abandoned his Trump Tower apartment in order to keep another bank account, said the plea agreement.
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