Paul Manafort and his former business associate were indicted on Monday on money laundering, tax and foreign lobbying charges, a significant escalation in a special counsel investigation that has cast a shadow over President Trump’s first year in office.
Mr. Manafort, the president’s former campaign chairman, and his longtime associate Rick Gates, surrendered to the FBI on Monday. The special counsel, Robert S. Mueller III, said Mr. Manafort laundered more than $18 million to buy properties and services.
“Manafort used his hidden overseas wealth to enjoy a lavish lifestyle in the United States without paying taxes on that income,” the indictment reads.
Mr. Gates is accused of transferring more than $3 million from offshore accounts. The two are also charged with making false statements.
“As part of the scheme, Manafort and Gates repeatedly provided false information to financial bookkeepers, tax accountants and legal counsel, among others,” the indictment read.
Right now, this is a little less than a giant conspiracy to enthrone Trump. This is about what we expected: Manafort concealed his work for a Russian puppet, tried to hide the money and has now gotten burned. But, as far as I can tell, most of the charges are for things that long pre-date his association with Trump.
That having been said, this is a big deal. The supposed swamp-draining President’s former campaign manager is facing very serious federal charges. This would explain why the Administration suddenly decided to make a big deal about the Uranium One deal and call for Mueller to step down. I suspect more is coming, but it may be quite some time. Manafort was fairly long-hanging fruit, his misdeeds discovered quickly. We’ll see what else comes out.