The Manafort Indictment
When Special Counsel Robert Mueller charged Paul Manafort with financial crimes and conspiracy against the U.S. last fall, the indictment said that President Trump's former campaign chairman laundered $18 million and used the untaxed income to support his lavish lifestyle. But actually, "federal law enforcement officials have identified more than $40 million in 'suspicious' financial transactions to and from companies controlled by" Manafort, most of them flagged during an unsuccessful anti-kleptocracy effort in 2014 and 2015, BuzzFeed News reports.
The previous legwork by the FBI and Treasury Department's financial crimes unit "explains how the special counsel was able to swiftly bring charges against Manafort for complex financial crimes dating as far back as 2008," BuzzFeed says, "and it shows that Mueller could still wield immense leverage as he seeks to compel Manafort to cooperate in the ongoing investigation," as erstwhile partner Rick Gates appears to be doing. The FBI interviewed Manafort in 2014, but Justice Department leaders reportedly decided Manafort's apparent financial fraud was small potatoes compared with that of his longtime client Ukrainian President Viktor Yanukovych. "We had him in 2014," one former official said of Manafort. "In hindsight, we could have nailed him then."
From 2004 and 2014, eight banks filed 23 "suspicious activity reports" on accounts controlled by Manafort, and among those not included in Mueller's indictment are $5 million to and from Puerto Rican firm Maho Films Investment Co., where Manafort was one of two directors, and several smaller transactions that fraud investigators suspected might be pitched to avoid automatic fraud alerts, including two back-to-back $7,500 ATM withdrawals and an odd spending spree at a drug store: Officials at Wachovia "flagged $25,000 in 'fraudulent charges' at Duane Reade stores in New York City in September 2007," BuzzFeed reports. "Bank officials said the debit card was in Manafort's possession during that time." Read more about Manafort's financial history at BuzzFeed News.