The Latest: Manafort Prosecutors Expect to Rest Case Monday

ALEXANDRIA— According to the local time reports, the bank fraud and tax evasion trial of former Trump campaign chairman Paul Manafort.

6 p.m–Prosecutors in Paul Manafort’s financial fraud trial say they expect to rest their case Monday.U.S. District Judge T.S. Ellis III did not acknowledge the delay. But after calling the recess, he left the courtroom, heading toward the jury room. He also repeatedly reminded the jury not to discuss the case at all. That included telling them not even to comment on the attire of any witnesses.

Manafort’s defense is not required to say whether they will call any witnesses until after the government rests.

5:55 p.m–Paul Manafort paid for luxury season tickets to the New York Yankees using an offshore bank account prosecutor say he concealed from the IRS. Irfan Kirimca, a senior director of ticket operations, says Manafort paid hundreds of thousands of dollars for the tickets from the offshore account.

 

Kirimca also says Yankees business records contradict a representation Manafort made to a bank while he was trying to obtain a loan. Manafort had provided a letter saying he lent his American Express card to his longtime deputy, Rick Gates, so Gates could buy about $300,000 in season tickets.

 

5:45 p.m–A prosecutor in Paul Manafort’s financial fraud trial is exchanging a lighthearted moment with a federal judge who has repeatedly tongue-lashed him throughout the former Trump campaign chairman’s case.

Prosecutor Greg Andres says he forgot to admit a document into evidence during a witness’ testimony, prompting U.S. District Judge T.S. Ellis III to retort, “Confession is good for the soul”. Ellis has prodded the prosecution through the trial to cut down on their voluminous evidence and streamline witness testimony. He even admonished them for their facial expressions. He walked back one comment on Thursday.

 

4 p.m.–A New York banking executive is testifying that the chairman of his bank overruled his own bank’s president in order to approve a $9.5 million loan to former Trump campaign chairman Paul Manafort.Federal Savings Bank Senior Vice President Dennis Raico said Friday during Manafort’s financial fraud trial that the bank’s chairman, Stephen Calk, green-lighted the loan.

The loan was aimed for a Manafort property in Bridgehampton, New York, but the bank’s president, Javier Ubarri, had torpedoed the loan application, questioning whether Manafort had enough income to pay it back.

 

10:50 a.m–The judge in Paul Manafort’s trial has called a recess without explanation.U.S. District Judge T. S. Ellis all huddled with attorneys from Special Counsel Robert Mueller’s office and Manafort’s defense lawyers, as well as court security officers, for more than 20 minutes before calling the recess. The judge then exited the courtroom toward the jury room. Manafort faces charges of bank fraud and tax evasion.

 

10:45 a.m.–Prosecutors for Special Counsel Robert Mueller are asking the judge overseeing the fraud trial of Paul Manafort to correct an earlier statement.

On Thursday, prosecutors questioned a loan officer for Citizen’s Bank of New York, asking about Manafort’s 2016 loan application that the bank rejected. U.S. District Judge T.S. Ellis III interjected: “You might want to spend time on a loan that was granted.”

Attorneys for special counsel Robert Mueller also got a rare, and narrow, acknowledgment from U.S. District Judge T.S. Ellis III in Alexandria, Virginia, that he likely erred when he angrily confronted them over whether he had allowed a witness to watch the trial.

by Sawan Kumar on August 12, 2018

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