Ex-Trump campaign chair Manafort under scrutiny for $19 million worth of shady real estate loans

[DonViejo]

BRAD REED
24 FEB 2017 AT 23:59 ET

Former Trump campaign boss Paul Manafort — who resigned his position last summer amid scrutiny over his ties to the Russian government — is raising eyebrows once again thanks to $19 million in home equity loans for properties in New York City.

The Intercept’s David Dayen reports that Manafort has taken out seven separate home equity loans since 2012 with an estimated worth of $19.2 million. What makes this particularly strange, Dayen notes, is the presence of “one particularly large and unusual loan from a banker on Trump’s Economic Advisory Council.”

This particular loan was used to purchase a two-unit brownstone at 377 Union Street in Brooklyn. Despite the fact that home equity loans such as the one Manafort took out on the property are supposed to give owners incentives to improve the property, it seems that he has completely left it alone since its acquisition.

“The home has been empty since the purchase,” Dayen writes. “Though work initially started, none has been performed in the last year and a half; cinderblocks and steel beams line the front yard. A stop-work order on the project is dated February 1, after Manafort secured the new loan. Neighbors have complained about Manafort’s ‘eyesore’ of a project.”

more
http://www.rawstory.com/2017/02/ex-trump-campaign-chair-manafort-under-scrutiny-for-19-million-worth-of-shady-real-estate-loans/

[Initech]

1. Not a single person Trump has hired has any redeeming qualities whatsoever.

They are all fucking horrible people. All of them.

[malaise]

4. Six of them were escorted out of the WH

after failing background checks.

[Initech]

5. Do white collar criminals just attract other white collar criminals?

It's like a cult or something.

[malaise]

6. Looks that way

What a bunch of goons

[dixiegrrrrl]

11. "Manafort -- who keeps a home in Trump Tower ..."

http://www.cnn.com/2016/12/01/politics/paul-manafort-donald-trump-transition/

[salin]

2. This past week the media welcomes Manafort back into the spot light.

Disinfectant and all that.

Reading the story Money Laundering comes to mind. Remember the large Ukranian political slush fund with a ledger with his name and a very large sum on it? The group that supported the Putin leaning leader? Yea that one.

[underpants]

3. Money laundering

If we ever get there that's the reason for the Russian connections and that includes Trump.

[kentuck]

7. It's a huge money laundering operation.

That is why Trump has so many LLC's. Just like when he sold his mansion in Florida for $50 million more than he paid for it. Real estate is the easiest way to launder money.

[red dog 1]

8. Speaking of money laundering,

This was posted this morning:
"Another Cabinet Pick with Secret Ties to Putin and Oligarchs"
http://www.democraticunderground.com/10141712771

(From this OP)
"These relationships between nominee (Wilbur) Ross and the oligarchs involve ownership and management of a European bank with a reputation for laundering Russian money and making bad loans."

[underpants]

10. The most likely explanation n/t

[red dog 1]

9. K&R...Thanks for posting, DonViejo

Manafort, Bannon, Wilbur Ross..the list goes on of people Trump has chosen for top positions in his administration who all have close ties with Russian oligarchs and/or Putin.

How does Twitler get away with all this?

Will the truth EVER come out while the GOP controls both houses of Congress?

[ProudLib72]

12. I have an idea

Steal all the materials from the lawn. Sell materials. Donate proceeds to DNC.

[VOX]

13. Hope they nail Manafort's ass to the floorboards.

Nothing less will do.