Items Tagged with 'Paul Manafort'

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  • Paul Manafort pleads not guilty to mortgage fraud charges

    Trump's former campaign chairman arraigned in New York court
    President Donald Trump’s former campaign chairman Paul Manafort pleaded not guilty to mortgage fraud charges in a New York City courtroom Thursday. If found guilty, the state’s charges could keep him in prison even if the president pardons him for the federal crimes for which he is currently serving time.
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  • Uncle Sam takes possession of Manafort's 5 luxury homes after judge's final ruling

    The U.S. government now owns a 10-bedroom home in the Hamptons with a putting green
    A federal judge in Washington, D.C., approved the final step Thursday in the seizure of five luxury homes owned by Paul Manafort, President Donald Trump's former campaign chairman now serving time in a northern Pennsylvania prison. Uncle Sam is now the owner of a 10-bedroom mansion in the Hamptons, with a putting green, a tennis court, and a pool.
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  • Federal Savings Bank CEO indicted for approving Manafort mortgages in attempt to land top job in Trump administration

    Stephen Calk accused scheming with Paul Manafort in quid-pro-quo deal
    Stephen Calk, the CEO and founder of the Federal Savings Bank of Chicago, was indicted Thursday for approving $16 million in mortgage loans for Paul Manafort in exchange for the former Trump campaign chairman’s help in landing a senior post with the administration. The move was unsuccessful, in more ways than one. Click the headline for the full story.
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  • Is Manafort-style mortgage fraud more common than we think?

    Mortgage fraud is on the rise as more consumers use false claims to jump hurdles to homeownership
    Last week, Paul Manafort was slapped with charges by New York for a multimillion-dollar mortgage fraud scheme, accused of inflating his company's income and failing to disclose his debts in to secure $20 million in loans. Manafort's drama may be extreme, but in the current climate, where home prices are cooling off and the refi market is a fraction of what it used to be, are we likely to see more cases of mortgage fraud emerging?
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  • Paul Manafort charged with mortgage fraud in New York minutes after federal sentencing

    If convicted, a presidential pardon won't do any good
    It was a tough day for Paul Manafort. On Wednesday, the former campaign chairman for President Donald Trump was sentenced to an additional 3.5 years in prison on conspiracy charges brought by Special Counsel Robert Mueller. Then, less than an hour later, Manafort was charged by a New York state court for his involvement in a multimillion-dollar mortgage fraud scheme.
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  • Monday Morning Cup of Coffee: Manafort to forfeit $21.7 million in real estate holdings

    Plea deal includes five properties and three bank accounts
    Welcome to another week. It’s time for your Monday Morning Cup of Coffee. Wake up; smell the coffee; and let’s make some money this fine Monday morning. Monday Morning Cup of Coffee takes a look at news coming across HousingWire's weekend desk, with more coverage to come on bigger issues.
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  • Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    Jury finds Manafort guilty on 8 counts, judge declares mistrial on other 10
    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts.
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  • Two mortgage bankers granted immunity in Manafort trial

    Judge in trial grants immunity to two employees from Chicago's The Federal Savings Bank
    On Monday, the U.S. District Court judge overseeing ex-Trump campaign manager Paul Manafort’s trial in Virginia granted immunity to two mortgage bankers from Chicago’s The Federal Savings Bank, which gave Manafort several million dollars in loans.
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  • Paul Manafort now facing raft of bank, mortgage fraud charges

    Investigation leads to more charges against former Trump campaign manager
    Paul Manafort, who served as President Donald Trump’s campaign manager for five months in 2016, is now facing a number of bank and mortgage fraud charges as DOJ special counsel Robert Mueller’s investigation digs deeper into Manafort’s past. From the indictment: “Manafort and Gates fraudulently secured more than twenty million dollars in loans by falsely inflating Manafort’s and his company’s income and by failing to disclose existing debt in order to qualify for the loans.”
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  • Mueller reportedly probing whether Manafort promised White House job to bank CEO to get mortgages

    NBC reports investigation focuses on CEO of The Federal Savings Bank
    Justice Department special counsel Robert Mueller recently accused Paul Manafort, who served as President Donald Trump’s campaign manager in 2016, of committing a “series of false and fraudulent representations” to obtain a $9+ million mortgage from The Federal Savings Bank. Now, Mueller’s team is reportedly investigating whether Manafort promised a White House job to Stephen Calk, the CEO of The Federal Savings Bank, to get the mortgage in question.
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