Latest Manafort Indictment Could Reel In Banks

The Associated Press reports:

Recently filed federal charges against President Donald Trump’s ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years. The most serious exposure may be for a Rhode Island-based bank that employed a “conspirator” in Manafort’s scheme to obtain a loan he couldn’t afford, according to the 32-count new indictment unsealed this week.

Dubbed “Lender B” in court papers, Citizens Bank not only lent Manafort $3.4 million based off of fraudulent documents but, in another case, appeared to help Manafort avoid being caught by sending back a crudely falsified financial statement that had been sent to them from a Manafort associate, according to federal prosecutors. “Looks Dr’d,” the unnamed banker allegedly wrote. “Can’t someone just do a clean excel doc and pdf to me??”

  • Dreaming Vertebrate

    Follow the money!
    This trail is HOT and leads to the biggest banks, crime syndicates and the world’s most deranged billionaires. Over 30 million hidden from the IRS, over $75 million channeled through off-shore accounts and secret payments to European politicians? Plenty of big fish still to catch.

    • clay

      And they’re the ones who bitch about the Illuminati.

      • CanuckDon

        And potholes!

        • clay

          Wait a minute, I bitch about potholes, too.

          • CanuckDon

            lol…you got a right to bitch because at least you’re not withholding the money to repair them!

      • prixator

        Just another example of their projection.

        It’s come to a point where any charge(s) of malfeasance, presented without evidence, against a Democrat or Democrats by Republican(s), should automatically trigger an investigation of the accuser(s) for that same charge.

    • JT

      It will be interesting to see the number of Russian connections in all this.

  • Christopher
  • Mark Née Fuzz

    Christ, this man is dirty dirty dirty. I gotta wonder though how much is all about him and how much is him doing Trump’s bidding.

    • GayOldLady

      He’s been in the Trump circle for decades so it’s hard to imagine that Trump isn’t involved in a few of Manafort’s shady deals. Not to mention that Manafort has been in bed with Russian Oligarchs and working for the interests of Russia for a very long time. It may look to us like 6 degrees of separation, but it’s probably more like, 0 degrees of separation.

      • Gustav2

        As far as I know, Roger Stone has not been interviewed yet. One does wonder where he gets the money for his costumes.

        • GayOldLady

          LOL.

        • David Walker

          My bet is that they’re putting off interviewing Roger Stone because there is no one on staff who’d be able to make sense of what’s he’s saying. If he’s on meds, he needs to be re-evaluated.

      • JCF

        Re Drumpf’s mafioso tendencies: did you hear Drumpf praising the Australian PM for Oz’s “merit-based immigration policies”?

        MERIT-BASED??? From the guy w/ his air-headed daughter and son-in-law in his Cabinet!!!

        • GayOldLady

          Yep, that’s so funny. What merit did Melania have? Soft porn modeling? And his position on chain migration when his wife’s parents are both in this country because of chain migration is absurd.

  • Christopher

    This guy is so obviously sleazy, that I hope he spends the rest of his life in prison.

    • Dreaming Vertebrate

      He likely will. These charges are very, very serious.

      • Christopher

        The charges as well! 😉

        I know you Dinos are really smart, but have a hard time typing.

        https://uploads.disquscdn.com/images/43dd7f72b259eb54929d63edb7f47a1b9210754b5756b3c346541d7d1da983bc.gif

        • Dreaming Vertebrate

          Typo corrected!
          It’s hard for my little arms to reach all the way back to the fourth row on the keyboard for an “r”.

          • Christopher

            I couldn’t resist! 🙂

          • David Walker

            But you persevered, Dino. I’m so pleased.

      • JCF

        UNLESS . . . Drumpf pardons him. And then it’s over to (probably) Schneidermann in NY (or maybe Mark Herring in Virginia. God bless our Dem State AG’s!)

    • lattebud

      And every asset that he has stripped from him

      • RoFaWh

        I am relieved to learn I’m not the only JMG reader who thinks that would be a Very Good Idea.

        • lattebud

          And Hillary walking about the new rugs she bought at a government auction at a great price. A scenario of Hillary coming out ahead of Manafort

          • RoFaWh

            What are you complaining about? Hillary has new rugs, a plus, and the gubbmint has a bunch of her money [“a great price”] in return, another plus.

            If you simply failed to mark your post as snark, aplogies, but as it stands….

          • lattebud

            Exactly – And Manafort sitting in prison watching…

      • JCF

        Oh, when every asset is stripped from the Drumpfs!!!! }-D

    • J Ascher

      Yeah, he was able to misstate his finances by millions of dollars and keep his job, but foreclosed on a woman who slightly underpaid on her mortgage.

  • Harveyrabbit

    “Could Reel In Banks”

    Yes, that could happen because all the smart, honest and qualified people that tRump has hired in the DOJ and various other banking/monetary regulatory departments will get on top of that so fast it’ll make your head spin.

    https://media.vanityfair.com/photos/5a11cf2681b9683f1bac03cd/master/w_768,c_limit/steve-mnuchin-treasury.png

    • Tomcat

      Remember a lot of the banks might come under STATE crimes.

    • clay

      But Trump hired them primarily from only one bank.

      Wait, that’s not raising any suspicions of corruption, now, is it?

    • Bad Tom

      It still makes me crack up that they only let him hold a sheet of one dollar bills.

      • margaretpoa

        That smirk on his wife’s face sums up why I have such contempt for them perfectly.

        • Robincho

          Smunt…

          • normadesmond

            I MUST REMEMBER SMUNT!

      • David Walker

        It was scheduling SNAFU. The Jacksons and the Franklins weren’t schedule for a press run that day. Damn.

    • shellback

      Smirk now. Your day is coming. Guaranteed.

    • BearEyes

      that is still a seriously creepy picture

      • Joe in PA

        Boy that’s the truth…but really just for her. He looks like a bureaucrat taking a stupid, staged photo…she looks evil with a I’m rich and you’re not look on her face. Blech.

        • WICKET99

          “Let them eat cake..”

      • bzrd

        they look like they just robbed the vault and want a happy remember photo before escaping to the unknown

        • JCF

          No, that they just robbed the hoi polloi’s life savings, and grandma’s mortgage. They’re envisioning people like you and me being turned out into the streets. It give them a happy-happy-happy!

  • Mark Née Fuzz

    O/T – Everyday more and more proof that the Oval Office pretender is a total fucking idiot.
    https://twitter.com/MotherJones/status/967405016536535040

    • Mark Née Fuzz

      BTW calling him a TFI may get you thrown in Twitter jail. In my case, it was either that or some mildly disparaging remarks about Dana Loesch.

      • clay

        What about calling him a “fucking moron”?

        • Mark Née Fuzz

          which is the stronger statement?

      • David Walker

        I appreciate making me go to Urban Dictionary. Like most dictionaries, it’s a lot of fun to read. (Yeah, reading dictionaries. I’m that much of a language geek.) I was surprised that the top definition for TFI was “thanks for the invite.” I suspect that’s not what you meant, but “total fucking idiot” had to wait for definition #3. Frankly, that did surprise me.

        • RoFaWh

          Be careful, David, very careful. Some of us own multiple editions of Roget’s Thesaurus.

          • David Walker

            There’s a rhyming dictionary around here somewhere. Roget is bad enough, but that rhyming dictionary was addicting (addictionary).

          • Andrew Stevens

            Is there another word one can use for ‘Thesaurus’?

          • RoFaWh

            Legally, you can probably do what you want., but the word was originally devised by Roget for his specific arrangement of meanings.and significations; it was not intended to cover copycats.

            To be morally pure, try for example

            “Andrew Stevens’ Huge, Monster, Gargantuan Categorization of All Knowledge, after Roget’s Celebrated “Thesaurus”

    • JCF
  • Boreal
    • Tomcat

      Trump is putting an import fee on those large washing machines,, capable of laundering lots of money at one time.

      • Bad Tom

        Industrial scale sudsing!

    • RyanInIllinois
    • geoffalnutt

      Wash, rinse, repeat.

  • Tomcat

    Lets just hope Mueller can peel away trumps Teflon and get to the real criminal.

  • Jean-Marc in Canada

    Yup, the money trail should lead you where you need to go.

  • Ragnar Lothbrok

    If I saw this guy walking into a bank I worked at, I’d press the secret button based on his looks alone.

  • Tomcat

    And Mueller has not even started looking into tax evasion to a large degree.

  • justmeeeee

    Banks, sure. But the bankers who did the dirty deeds, NO WAY! We’s agin’ that, always an’ ferever.

    • BearEyes

      Iceland got it right

      • Paul

        Sadly they’ve learned nothing since.

  • Kevin Andrews

    There is no doubt in anyone’s mind that the criminal brand of the Shitgibbon is treasonous by design.
    This is just another example of “very fine people on both sides.”
    The Banks, Wall Street, the Oil Barons and AIPAC are all criminally complicit in the fraud of the Fascists infesting our White House and Government.
    Does anyone really think that Meuller’s involvement in the 9/11 “investigation” will help produce any form of Justice?
    Meuller’s focus on low-hanging fruit and indictment of inconsequential scapegoats clearly defined his intent.

    • RoFaWh

      The obvious cure is to bring in Britain’s wartime marginal income tax rate over 100%. Strip the wealthy of their wealth. Seize all but one of each one’s homes and put them to use housing the homeless.

      Bring in ferocious luxury taxes too. I am old enough to remember when wartime luxury taxes were still in force on (e.g.) leather luggage, perfume, gold jewelry, etc.

      Reduce the filthy rich to poverty and homelessness, even, with whippings on alternate Tuesdays for the crime of “stealing”.

  • Leo

    Banks involvement in this globally and repercussions?

    I could see European regulators decimating Deutsche.

    The States for Citizens Bank? Forget it. Point blank and period.

  • DaddyRay

    Trump has the BEST people

    • RoFaWh

      BEST: bad, extremely stupid, and tasteless.

      • JCF

        Bravo!

  • DaddyRay

    Trump may actually allow repercussions for US banks – he is still bitter that they stopped lending him money

    • Skeptical_Inquirer

      That is a nasty block to fu k with though. If I were a bank CEO, I would take it out on the GOP.

  • Friday’s_cat

    Nothing will happen to Trump until Democrats take back congress, there aren’t enough moral republicans to do anything. If that happens will his staff and advisors be able to convince Trump to step aside?

    • Michael White

      an here is hoping we can get a veto proof lead in the Senate to we can over ride the orange turd’s veto

      • Tulle Christensen

        Not possible, even if the Dems won every Republican seat up for re-election this year they would not have 67 seats

        • Karl Dubhe

          Which also makes impeachment an impossibility. Unless…

    • DaddyRay

      Indeed – Mueller needs to make his case so strong and public that it continues to energize Dems, flip Independents and discourages Republicans for November

    • Karl Dubhe

      Trump will not be convinced to step aside. I have a suspicion that he’s not going to want to leave at the end of his term in office. No matter what happens in future elections.

    • Even if Democrats flip every red Senate seat up in 2018 to blue and retain all the Democratic seats in swing states that will not get us to the 67 votes needed to remove Trump from office. Impeachment, yes; removal, no. There are only 8 senate Republicans up for re-election this year and all of them should be safe (although this year, that’s not a given). The idea that Republicans will turn on Trump is a fantasy. We need Congress back to block Trump but the only way to remove him is in the 2020 election.

      • geoffalnutt

        Tanks and artillery. It will be the only way. The White House may be smoking rubble – but he’ll be gone. :/

        • David Walker

          Our tax money has been spent on worse things than the tanks and artillery needed to get the fucking moron out of the shite house…and for the money to rebuild the White House, unless it’s insured against mortar fire.

      • JCF

        Yup. That’s the reality for all of those who said “He’ll be gone in 2017! He’ll be gone in 2018! He’ll be gone in 2019!”

        …now he MIGHT resign, if impeached. Maybe. If he thought he could abscond w/ all his indictable ill-gotten goods that way. But 2020 is the Reality. But it’s BECAUSE Drumpf staying in office until January 2021 is *almost* inevitable, that FLIPPING THE CONGRESS is SO ESSENTIAL!!! Stop Drumpf’s legislation, and stopping his g-d court picks!!!

        Flip the House, #ITMFA! dccc.org
        Flip the Senate, save the courts! dscc.org

        • The map was great for Democrats in 2016. We should have won both the White House and the senate which would have meant moderate and liberal judges throughout the federal courts. It wasn’t just Scalia’s seat that they were blocking Obama from filling. There were tons of them. But we blew 2016 and now the map is shit for Democrats this year. So we need a blue wave just to hold on to some of the seats currently held by Democrats in states that Trump won in 2016. Every election matters. Maybe people are finally getting that.

          • JCF

            “The map was great for Democrats in 2016.”

            Have to argue w/ that. You’ve always got to BEGIN w/ the fact that Dems were trying to hang onto the White House for a “third term”. That’s a built-in disadvantage (Yes, the GOP managed it in 1988, but that was really exceptional).

          • I meant the senate seats that were up in 2016. That map should have been good for Democrats. We blew it. And now the one in 2018 is great for Republicans who are only defending 8 seats all of them in heavily read states. Flipping those will be hard. holding on the Democratic seats in swing states will be hard. A blue wave will help but we need three more seats to have a majority and that’s going to be a miracle if it happens.

  • The election of #45 may just be the beginning of an eruption of a festering boil that has been plaguing this nation for many years. The putrid pus of the cadre of fake billionaires who live on illegally borrowed money should be expelled to the nearest federal prison, including 45 himself.

    I grew up in New Britain, CT where the Manafort legacy is not necessarily universally praised. My dad was a sign painter back before the digital age and used to make signs for local democratic politicians in the 60s and 70s; Manafort Sr, liked the signs and hired dad to make his. Dad had no problem with that until after the job was done. I remember him referring to Manafort then in very negative terms, something to the effect of “two-timer” or “crook” as dad had been ripped off.

    In the following article Manafort Jr. says, referring to the time around when my father made signs: “Some of the skills that I learned there I still use today. I was about 15, 16 years old when my father first ran for mayor, and that’s where I cut my teeth.” https://www.nytimes.com/2017/11/01/us/paul-manafort-connecticut-new-britain.html

    It all makes sense. Not only does the apple not fall far from the tree, it becomes an even bigger tree.

    • David Walker

      An even bigger tree in a very shady grove.

    • CanuckDon

      Ripping off small business guys and contractors is something that Trump notoriously has done over more than three decades. So much of his base is blue collar and small business so it just completely baffles me how they side with him. It just shows the irrational and sneering competitive side of the male ego.

      • RaygunsGoZap

        Those other guys were chumps and got what they deserved. That’s the mindset.

        • John T

          The “winners deserve to win and losers deserve to lose” mindset will destroy this country. It’s literally why we can’t have nice things.

    • Danieruw

      “Underneath the apple tree there’s a ghost who waits for me.
      The apple tree shakes it’s arms.
      It’s fruit falls.
      It’s fruit is tasting strange!!!!!
      The apple tree is shaking”

    • JCF

      “I grew up in New Britain, CT where the Manafort legacy is not necessarily universally praised.”

      My, that sounds like a euphemism!

      Just sayin’: the Manaforts ARE from Naples…

      https://en.wikipedia.org/wiki/Camorra

      • There are actually some who praise that legacy. I make an effort to practice civility…don’t always succeed.

  • Joe in PA

    But no mention of that bank in Illinois? The one that loaned over 1/4 of their available assets to this clown?

  • Skeptical_Inquirer

    Dumbass people march and froth at the mouth about people banging away in a consensual manner, people with more melanin, people who have a different religion or no religion, and women deciding not to have a child every year until they drop dead.

    The downright criminal behavior of the banks is what should be bringing people to annual marches.

  • Once the banks get dragged into this some of them are in deep shit. they have been doing so much shady shit for so long that it will be easy to spot ONCE they are already in. (The problem was getting the subpoenas in the first place.) So as someone who worked for (and occasionally was screwed by) some of these companies please excuse my moment of überschadenfreude.

    • David Walker

      Oh, please go to it, Houndentenor. It’s the weekend…enjoy!

    • customartist

      been there / been screwed by them too

  • margaretpoa

    The vast right wing conspiracy that so many people sneered at Clinton for pointing out is gradually being illuminated. And what started off as a few coins on the floor in a pool of light in a darkened vault are becoming stacks and stacks of money that stretches out into a vast distance. The subversion of our democracy to the moneyed interests is finally being talked about in the mainstream. That’s what they get for creating a monster that they couldn’t control. The paranoid, right wing electorate that they created in order to gain power elected one of their own.
    Oops.

    • customartist

      They have done this cycle after cycle

      • Franciscan

        Margaret, I love the description of the vaults. You shine as a writer.

  • Gil

    In a very ironic and perverse way, Trump may actually be an inspirational figure for younger people….I look at him and think ” Wow ! If that not-too-bright pile of shit can become President of the US , why not me ? I’m intellectually and morally superior.”.. If this world and nation can last three more years….

  • Acronym Jim

    You know how you go about your day, tediously trying to drain the swamp and you accidentally break through to a sealed massive cave formation?

    Hopefully this will be like that.

  • Longpole

    Trump and the GOP have set two huge precedents.
    1) Not having to show tax returns when running for President. Even after getting elected.
    2) Running businesses for profit while in office as President. Ignoring the emoluments clause in the Constitution and totally getting away with it.

    Will the Democrats really crack down on this now OR find it appealing to do the same when it’s their turn in the oval office?

    • The_Wretched

      Probably not but the the republ8cans are even more culpable.

    • customartist

      Trump sent Junior to India for Christ’s sake to negotiate private and government deals simultaneously. They are not just crooks – they are styupid (spelled correctly) crooks

  • JWC

    Manafort and Gates are absolute crooks Gates at least cut a deal Its almost to late for Manafort. Other know as much A ;pardon will NOT get him out of HOT water

    • customartist

      Pres Trump cannot pardon any of the State level charges that are allegedly available for prosecutors

      • JWC

        sweat Manafort sweat you were given a chance and you blew it

  • Stubenville
  • Bambino
  • safari

    We should probably just dismantle the current banking system.

    All I see are people getting rich off of government policies that rarely “trickle down” to the rest of the planet.

    • safari

      (A guy can dream)

      • bzrd

        “In the old days” when I was just a whippersnapper, the banks were savings and loan only where one got 5% interest compounded = 5.25% yearly. Over time they turned into casinos and now are bailed out by us the tax payers and they offer shit to use our money ’cause “inflation.” Well, each year my spending ability goes down because of the inflation that supposedly doesn’t exist, the fed policy is a sham for the wealthy

        • customartist

          Amen

  • No More GOP.

    I’d like to think this whole effort is going to wind up landing hundreds – if not thousands – of people in jail.

    • safari

      Rachel Maddow pointed out last night that Mueller unsealed 89 felony charges against 17 people… last week.

      • customartist

        I think I just came a little??

    • JCF

      Lock Up the Banksters! [And cut off effing Putin’s flow of cash!]

  • Lumpy Gaga

    “Looks Dr’d”.

    That’s what I call a full service bank.

  • Lumpy Gaga

    Chris and Rachel made me LOL 2 nights in a row – Chris Hayes’ opening segment tore through the fact (which I had not previously grasped) that Gates’ remaining indictment about fibbing to investigators stems from …. his Feb 1 2018 “Queen for a Day” proffer. At THAT point in this whole sordid mess, the thinks he’s still gonna get away with it. (Kinda tells how pivotal Ukraine is, too).

    Then, on Rachel, she brought the fact up that his lawyers scrambling to get away from him was (coincidentally?) that same friggin’ day.

    So Feb. 1 was a very bad day for Gates.

    His lawyers said “We’re outta here.”, and Mueller said “We’re done.”

    • customartist

      What have these loons been getting away with all of their lives to make them have this much arrogance?

      The utter level of stupidity is astounding, and that we allow such ignorance in the Whitehouse. “I hire the best people” – DT

    • RoFaWh

      Somebody put a fork in him; he’s done.

  • JCF

    I recall an old joke from the 80s—

    “Blood bank: is there any other kind?”

    I completely WELCOME Mueller “following the money”, to investigate banks top to bottom! Throwing billions here and billions there at oligarchs, while foreclosing grandmas. Here that, Mnuchin? You’re in the crosshairs too!

    https://uploads.disquscdn.com/images/730d6571be220527b89446de2e6cd6bc1b1dc9ebc10bb9f0aad06f2f89bb5f62.jpg

  • Charles Nelson

    What about the Chicago bank that loaned the Dynamic Duo a quarter of its assets, on the promise that the bank President would become the Secretary of the Army?