Ex-Trump campaign manager Paul Manafort agrees to $11.65M bail deal in which he would surrender four real estate properties if he tried to flee as Robert Mueller continues Russia probe
- President Donald Trump's former campaign manager agreed to pledge nearly $12 million in real estate and life insurance assets as part of a bail agreement
- In his deal with the special counsel investigating Trump's ties to Russia, Paul Manafort agreed to limit travel to New York, Washington, Florida, and Virginia
- Manafort ran Trump's presidential campaign for several months last year?
- Last month he pleaded not guilty to a 12-count indictment by a federal grand jury
- The charges included conspiracy to launder money, conspiracy against the United States and failing to register as a foreign agent of Ukraine?
President Donald Trump's former campaign manager Paul Manafort has agreed to an $11.65million bail agreement with the special counsel investigating Trump campaign ties to Russia, the longtime Republican political consultant's lawyer said on Thursday.
Manafort, who was indicted along with a business associate Richard Gates in October, would be released from house arrest and electronic monitoring under the deal, lawyer Kevin Downing said in a filing in US District Court in Washington.
Manafort, who has been confined to his Virginia home, has agreed to forfeit four real estate properties worth about $11.65million if there is a bail violation, the court document said.?
Former Trump campaign chairman Paul Manafort is seen above arriving at the E. Barrett Prettyman US Courthouse after a court hearing on the terms of his bail and house arrest on November 6, 2017
Manafort previously had an unsecured $10million 'appearance bond' to guarantee he shows up to court.
Agreement on bail had been reached with the office of Special Counsel Robert Mueller, Downing said in the filing.
A spokesman for Mueller could not immediately be reached for comment.
Manafort, who ran Trump's 2016 campaign for several months, and Gates pleaded not guilty in October to a 12-count indictment by a federal grand jury.?
They face charges including conspiracy to launder money, conspiracy against the United States and failing to register as foreign agents of Ukraine's former pro-Russian government.
The charges are part of Mueller's investigation into the conclusions of US intelligence agencies that Russia undertook a campaign of hacking and misinformation to tilt the election in Trump's favor and potential collusion by Trump associates, allegations that Moscow and the president deny.
Manafort has agreed to an $11.65million bail agreement with the special counsel investigating Trump campaign ties to Russia. Special Counsel Robert Mueller (right) is seen above in Washington on June 21
Mueller and his attorneys have previously argued that the court should only agree to a bail agreement if Manafort fully explains his finances to the court and that they considered him a flight risk.
The four properties posted as bail are a Bridgehampton, New York home valued at $4million, a New York City property valued at $3.7million, a Florida property estimated at $1.25million, and a home in Virginia worth $2.7million, the filing said.
Manafort's wife, Kathleen, and his daughter Andrea have agreed to act as sureties on the appearance bond, it said.
To address the issue of flight risk, Manafort has agreed to not travel overseas, has handed over his passports, and will restrict his travel to Florida, Virginia, New York and Washington DC.
Downing called the $11.65million a 'substantial portion' of Manafort's assets.
'Simply put, Mr. Manafort's family would face severe economic consequences if he were not to appear as required.'
Homes in Trump Tower, the Hamptons and close to Mar-a-Lago: Paul Manafort's $15 MILLION property portfolio
Paul Manafort has amassed a multi-million dollar property portfolio since he agreed to work for a Russian oligarch.
Public records show that the former Trump campaign chairman is a long-term resident of Trump Tower in Manhattan, where he has been the president's neighbor since November 2006.
In total he has purchased properties worth $15 million since 2006.
Here, we detail what is know of Manafort's holdings and his debts:
NEIGHBOR TO THE PRESIDENT: PAID $3.6 MILLION?
Manafort bought his upper-floor apartment in Trump Tower in November 2006, using an LLC he controlled called John Hannah LLC.
Public records show a purchase price of $3.675 million. The condo is thought to be around 1,500 square feet, and the number of bedrooms and bathrooms is unclear.
Its estimated current value would be likely to be significantly higher.
It was only in January 2015 that the property was transferred from the LLC to direct ownership by the Manaforts.
But in April that year, the Manaforts took out a $3 million mortgage on the property with UBS.
?NEAR TO THE SEAT OF POWER: BOUGHT FOR $2.75 MILLION
Manafort, who was educated in Washington D.C., has been a long-time resident on the other side of the Potomac, having previously lived in Mount Vernon.
He now owns a large condo in Alexandria, overlooking the river.
In January 2015 he and his wife bought the three-bedroom, 2.5 bathroom unit in this large condo block for $2.75million, through 601 NF Associates LLC.
The 2,779 square foot property is now estimated to be worth $2.9 million.
LOFT IN NEW YORK'S TRENDY SOHO: PAID $2.85 MILLION?
As well as a place in the Trump Tower on 5th Avenue, the Manaforts own the entire floor of a SoHo building.
Public records show they bought it through one of Manafort's LLCs, MC Soho Holdings, for $2.85 million in February 2012, with a mortgage for $1.5 million.
The two-bed, two bath property enjoys a huge living area, and sunny views in an area known for its designer clothes outlets and celebrity-friendly restaurants.
In March 2016, the couple became the formal owners of the property in their own name.
They have two mortgages outstanding on it now, both loans from Citizens Bank, totaling $2.042 million.
?BROWNSTONE IN BROOKLYN: $3 MILLION FIXER-UPPER
The Manaforts appear to be as much property investors as owners.
In 2012 one of his LLCs, MC Brooklyn Holdings LLC, paid $2.995 million for this four-story unit on Union Street in Carroll Gardens, one of Brookyln's most prestigious areas. His investment was revealed by local blog, Pardon Me For Asking.
There are permits to turn it into a single-family house and work has been under way for some time although city authorities ordered work to be stopped in January this year, apparently because the applicant for permission to work had 'withdrawn'.
This is likely to be linked to the change of ownership that month from Manafort's LLC to him and his wife.
The property now has $6.8 million of mortgages taken out on it, made up of three separate loans all in the couple's names.
Manafort told the New York Post that he plans to finish renovations by the end of the year, after neighbors complained about the state of the 22-foot wide brownstone.
CHINATOWN HOME FOR HIS DAUGHTER: PAID $2.5 MILLION?
Manafort and his daughter Andrea bought a three-bedroom, three-bathroom condo apartment in a desirable part of Manhattan's Chinatown in 2007 for $2.54 million.
Public records suggest that it was jointly purchased by Andrea, now 31, and Jesand Investment Corporation LLC, which is controlled by her father.
The 2,100 square foot home has three outdoor terraces, a built-in wine cooler, and is in a doorman building with its own gym and parking.
Andrea is no longer thought to live in New York but public records do not suggest the Manaforts have yet sold the property.
It was listed for sale in 2013 for $4.85 million and put on the market again for $2.6 million in 2014 but no sale appears to have resulted.
She married her husband Christopher Shand, an HR manager for a restaurant chain, in their native Washington D.C.'s St Regis hotel in May 2015.
?FLORIDA HOME HANDY FOR MAR-A-LAGO: BOUGHT FOR $1.5 M?
The Manaforts enjoy a waterside 4,000 square foot property in Palm Beach Gardens for a sunshine getaway.
They purchased it in September 2007 for $1.5 million and it is thought to have four bedrooms and four bathrooms.
The address is the one which appears to be most commonly used on company registrations for the Manaforts' network of LLCs, suggesting it may be their most common place of residence.
It is in easy reach of Mar-a-Lago, the president's 'Winter White House', which is around 20 minutes drive away.
$2.7 MILLION LOAN TO HELP SON-IN-LAW BUY BEL-AIR MANSION?
The complexities of Manafort's property deals involve his son-in-law Jeffrey Yohai, 35.
Public records show that Manafort loaned $2.71million to help yet another LLC buy a Bel-Air property with a 3,746 square feet two-story home set on 1.26 acres of land. It has views over the ocean, making it a prestigious property in one of Los Angeles' most desirable areas.
The five bed, five bath house appears to have been bought by the LLC, which is one of house developer Yohai's vehicles, for $8.5 million, public records suggest.
However Yohai went into Chapter 11 bankruptcy late in 2016, The Real Deal reported, and Manafort is now a creditor to his son-in-law, who had three other properties under development which are part of the bankruptcy petition.
DailyMail.com is not adding his $2.7 interest to the estimate value of his property portfolio.
Separately Yohai was involved in a legal case alleging that he was running a Ponzi scheme in New York.
LONGTIME HAMPTONS RETREAT: UNKNOWN MILLIONS
The Manaforts have owned this large detached property in Bridgehampton, on Long Island, since at least 1984.
It is an estimated 5,600 square feet, set far back from a quiet country road.
It puts the couple in walking distance of the beach and allows them access to the Hamptons social scene - although it is unclear how much the couple participate; the Hamptons can offer a very discreet summer retreat to those who do not wish to be widely seen.
An estimate for its value was not immediately available but a nearby 9,000 square ft property on a similar amount of land sold in 2014 for $11 million, suggesting that a price tag of $5m to $6m could be realistic.
THE D.C. POWER MANSION: SOLD FOR $1.4 MILLION
The Manaforts sold their long-time Mount Vernon mansion in June 2015 for $1.425 million.
The five-bed, 7.5 bathroom property had one of the area's largest outdoor swimming pools and was where both their daughters were brought up.
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