FBI Is Investigating Manafort and Son-in-Law For Financial Crimes
The legal trouble for Paul Manafort continues to mount.
The FBI is investigating real-estate deals financed by Paul Manafort and his former son-in-law, The New York Times reports.
According to the report, Jeffrey Yohai, who used to be married to Manafort’s daughter, and Manafort formed shell companies to buy luxury properties.
Manafort invested millions of dollars into Yohai’s companies.
Yohai was accused by his sister-in-law of “running a Ponzi scheme,” and he was sued by an investor last year over the same allegation.
The New York Times reports that “The transactions involve the financing of apartments and luxury homes in New York and California using money from Mr. Manafort, as well as from other investors solicited by the son-in-law, Jeffrey Yohai, including the actor Dustin Hoffman and his son. F.B.I. agents have reviewed financial records related to Mr. Yohai, who has been accused in a lawsuit of defrauding investors, the sources said.”
Manafort served as Donald Trump’s campaign manager during the height of the 2016 election and inevitably resigned amid reports of reports that he had received millions of dollars in off-the-book payments for his work in Russian linked clients Ukraine.
According to The New York Times, “Mr. Manafort has emerged as a key figure in the F.B.I.’s Russia investigation, which has focused on interactions between Trump associates and Russians during and after last November’s presidential election. In addition to his work for Ukraine’s former president, an ally of the Russian leader Vladimir V. Putin, Mr. Manafort’s long lobbying and consulting career has included numerous financial dealings with Russian oligarchs. One of his former employees has been investigated in Ukraine on suspicion of having ties to Russian intelligence.”
You can read the full New York Times report here.
[image via screengrab]
