Paul Manafort found guilty of bank fraud and tax evasion

Paul Manafort.
(Image credit: Brendan Smialowski/AFP/Getty Images)

President Trump's former campaign chairman Paul Manafort was found guilty of eight counts of financial fraud Tuesday. The judge declared a mistrial on 10 of the counts in the bank and tax fraud trial, as jurors were unable to reach a unanimous verdict on those charges.

NBC News reports that Manafort was found guilty on one count of failing to file a foreign bank account, two counts of bank fraud, and five counts of tax evasion. Manafort, 69, faces 240 years in prison for the felony charges, reports CNN, most of which result from work Manafort did abroad before he joined Trump's team. The remaining 10 counts can be retried at a later date.

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Summer Meza, The Week US

Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.