Manafort, Gates, and the president of Ukraine have apparently been caught red-handed in a money laundering scheme. Details point to a trail of real estate purchases made with Ukrainian monies, then mortgaged to create clean cash for the Ukrainian government, and, more importantly, tax-free income to the tune of millions of dollars for Manafort and Gates. While the duo claims no knowledge of obvious wrong-doing, investigators point to a routine series of communiques pointing to a routine that included the explicit actions.
Key Takeaways:
- Manafort used hidden offshore cash to buy properties and rent them out on Airbnb.
- Funds were used to live a tax-free, lavish lifestyle outside of the US.
- Trump’s former chair, Paul Manafort, conspired against the US along with Rick Gates.
“Manafort spent millions on luxury goods and services for himself and his family, buying multi-million dollar properties and obtaining loans on those properties to use as spending money.”