Paul Manafort Found Guilty Of Income Tax Return, Bank Fraud

Reporting by Paula Reid

(CBS)--Paul Manafort, Donald Trump's former campaign chairman, has been found guilty on five counts of tax fraud, one count of failing to disclose his foreign bank accounts and two counts of bank fraud.

The jury was unable to reach consensus on 10 of the 18 counts in the bank fraud trial of former Trump campaign chairman Paul Manafort. Judge T.S. Ellis III will declare a mistrial on the 10 unresolved counts but is accepting the jury's verdict on the remaining eight counts. Ellis decided there was "manifest necessity" to proceed.


Manafort verdict:

  • 5 counts tax fraud: Guilty
  • 2 counts bank fraud: Guilty
  • 1 count failure to disclose foreign bank account: Guilty
  • 10 counts: Jury unable to reach consensus

When the verdict was read, Manafort stood before the judge without flinching, his hands folded beneath his waist. He appears to have lost weight in recent weeks.

Manafort faced 18 counts — five counts related to false income tax returns, four counts of failing to file foreign bank account reports, four counts of bank fraud and five counts of bank fraud conspiracy. The government alleges Manafort hid tens of millions of dollars in income and falsified records to enrich himself and live a life of luxury.

The jury — composed of six men and six women — began deliberations Thursday morning, after a little more than two weeks at trial. The government had recommended between eight and 10 years in prison if he's found guilty of the charges against him.

The Manafort trial is the first to stem from special counsel Robert Mueller's investigation into Russian election meddling and any ties to Trump associates, although the trial did not involve charges related to work on the campaign — something President Trump and his allies have been careful to note.

The government has made the case that Manafort was a liar who worked in deception, summarizing the case as such in its closing arguments.

"When you follow the trail of Mr. Manafort's money, it is littered with lies," prosecutor Greg Andres told the jury.

The defense, which rested its case without calling any of its own witnesses, largely focused on the character of former Trump campaign aide Rick Gates, who claimed he committed crimes with Manafort. Gates admitted to having an affair a decade ago, something the defense seized upon to question his reliability and ethical standards. Gates secured a plea deal.

CBS News' Nicole Sganga, Ellee Watson and Robert Legare contributed to this report. 

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