10 things you need to know today: August 22, 2018

Manafort is found guilty of bank fraud and tax evasion, Cohen pleads guilty to felony charges, and more

Michael Cohen at the Federal Courthouse
(Image credit: Yana Paskova / Getty Images)

1. Paul Manafort found guilty of bank fraud, tax evasion

A jury on Tuesday found Former Trump campaign chairman Paul Manafort guilty on eight of the 18 counts against him, including five counts of filing false tax returns, one of failing to file a required tax form, and two bank fraud charges. The jury deadlocked on 10 other charges after four days of deliberations, and U.S. District Judge T.S. Ellis declared a mistrial on those. The result marked a significant if mixed victory for Special Counsel Robert Mueller's Russia investigation, even though the charges against Manafort involved his work as an international political consultant rather than his leadership of Trump's campaign. President Trump said he felt "badly" for Manafort but that the case "doesn't involve me" and "has nothing to do with Russian collusion."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.