Paul Manafort. Photo: CBS Photo Archive/Getty Images Paul Manafort, former campaign manager for Trump and man of many alleged Russian entanglements, has reportedly engaged in a series of questionable New York City real-estate deals. WNYC examined Manafort’s transactions going back 11 years, and found they raised some red flags that law-enforcement and real-estate experts say “fit a pattern used in money laundering.” According to WNYC and an earlier analysis by two attorneys at 377union.com, Manafort bought three homes in New York City between 2006 and 2013, paying for each in cash through shell companies that he set up for those transactions: Then, between April 2015 and January 2017 – a time span that included his service with the Trump campaign – Manafort borrowed about $12 million against those three New York City homes: one in Trump Tower, one in Soho, and one in Carroll Gardens, Brooklyn.Manafort’s New York City transactions follow a pattern: Using shell companies, he purchased the homes in all-cash deals, then transferred the properties into his own name for no money and then took out hefty mortgages against them, according to property records. Manafort told WNYC that “my investments in real estate are personal and all reflect… Read full this story
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