Less than an hour after former Trump campaign manager Paul Manafort was sentenced to an additonal 43 months in prison in the second of two trials – bringing his total sentence to 90 months, or 7.5 years for tax fraud, bank fraud and conspiracy, Manhattan District Attorney Cyrus Vance Jr. slapped Manafort with a new indictment.
Manafort will face 16 charges, including an accusation that he committed residential mortgage fraud by falsifying loan documents “in the first degree.”
Of note, President Trump would not have pardon power over a state conviction.
While Mr. Trump has not said he intends to pardon his former campaign chairman, he has often spoken of his power to pardon and has defended Mr. Manafort on a number of occasions, calling him a “brave man.”
The new state charges against Mr. Manafort are contained in a 16-count indictment that alleges a yearlong scheme in which he falsified business records to obtain millions of dollars in loans, Mr. Vance said in a news release after the federal sentencing.
“No one is beyond the law in New York,” he said, adding that the investigation by the prosecutors in his office had “yielded serious criminal charges for which the defendant has not been held accountable.” –NYT
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via ZeroHedge News https://ift.tt/2XWdBf1 Tyler Durden