Paul Manafort indicted in New York on mortgage fraud charges

President Trump’s former campaign chairman Paul Manafort was indicted Wednesday in New York on charges related to mortgage fraud, conspiracy and other crimes — just minutes after he received a second prison sentence in a separate federal case.

In total, the Manhattan District Attorney’s Office hit Manafort with 16 new charges. In a statement, DA Cyrus Vance said the charges stem from a year-long residential mortgage fraud scheme that saw Manafort falsify business records in order to reap millions of dollars.

“No one is beyond the law in New York,” Vance said in the statement.

The case that led to the charges began in March 2107, Vance also said. It stems from Manafort’s alleged attempt to launder money through a New York City condo. The condo is located on Manhattan’s Howard St., and was allegedly purchased in 2012 for “approximately $ 2,850,000,” according to a federal indictment.

Wednesday’s latest round of charges are especially significant because, unlike federal crimes, they cannot be swept away with a presidential pardon.

Manafort has also faced two federal cases, netting him a total prison sentence of seven and a half years. That sentence is split between 47 months a federal judge in Virginia handed down earlier in March, and 43 months a judge in Washington, D.C., imposed Wednesday.

The Wednesday sentence came just minutes before Manhattan prosecutors announced their own case against Manafort.

Manafort’s federal cases — which were brought by Special Counsel Robert Mueller — stem from his work consulting for a pro-Russian political party in Ukraine. Prosecutors ultimately accused him with a slew of crimes including conspiracy and bank and tax fraud.

Manafort served as Trump’s campaign manager from June to August of 2016. Though the president has not said if he would pardon Manafort in his federal cases, Trump has praised him for refusing to “break” in the face of pressure from prosecutors.

Email Jim Dalrymple II

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