Flaunt it, if you’ve got it.
Former Trump campaign chairman Paul Manafort is offering a king’s ransom to stay out of jail as he awaits trial on charges of money laundering and failing to register as a foreign lobbyist.
Manafort’s defense team detailed a bail package that included $12.5 million worth of assets, featuring three properties and several life insurance policies, Politico reported.
U.S. District Court Judge Amy Berman Jackson is expected to address Manafort’s bail at a hearing set for Monday morning.
More from Politico:
Manafort’s lawyers identified three properties he is willing to pledge: the Trump Tower condo in Manhattan, a condo several miles to the south on Baxter Street in Chinatown and his primary residence in Palm Beach Gardens, Fla. In a court filing, the veteran lobbyist also said several life insurance policies worth a total of $4.5 million could be posted, although they’re held by trusts or Manafort’s wife Kathleen.
In exchange for pledging the properties, Manafort is seeking to be released from home confinement at his Alexandria, Va. condo and permitted to travel freely in Florida, Virginia, Washington, D.C. and New York.
An issue raised by prosecutors in their bail submission was that Manafort had three passports, but his attorneys dismissed any Jason Bourne-type connections.
Manafort turned himself over to the feds early Monday at the Washington field office.
— Conservative News (@BIZPACReview) October 31, 2017
“Much has been made of Mr. Manafort’s possession of three different passports,” defense lawyers Kevin Downing and Tom Zehnle wrote in the new court submission. “While some reports have painted this as though Mr. Manafort is akin to a 68-year-old ‘Jason Bourne’ character, the facts are much more mundane.”
They go on to explain that Manafort got a second passport so that he could apply for visas while his first one was in use — a common practice — and applied for a third one when he thought he had lost his original passport.
“Mr. Manafort has been providing consulting services for international clients for many years and no one disputes this fact. It would be odd, indeed, if he did not frequently travel, both domestically and abroad, given his clientele and the nature of his business,” the lawyers wrote. “Simply put, one’s frequent flier status should not be over-emphasized to show a potential risk of flight when a person’s job requires extensive travel.”
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