BREAKING: Paul Manafort Sentenced To Only 47 Months

Moments ago Reagan appointee federal judge T.S. Ellis sentenced former Trump campaign chairman Paul Manafort to 47 months in prison.

The sentence was handed down after nearly three hours of discussion on his finances, his level of remorse, and whether he fully admits to his crimes.

Manafort is due to be scheduled in a second case in Washington DC next week. Update to follow shortly….

UPDATE: From the Wall Street Journal.

In a surprising brushback to the office of special counsel Robert Mueller, a federal judge sentenced Paul Manafort to 47 months in prison on Thursday for dodging taxes and committing bank fraud.

The sentence, ordered by U.S. District Judge T.S. Ellis, was far lower than prosecutors had suggested was appropriate. Sentencing guidelines, which Mr. Mueller’s team supported, called for Mr. Manafort to spend anywhere from 19 to 24 years behind bars, but his attorneys argued that defendants in what they viewed as similar cases had received probation or less than a year in prison.

U.S. District Judge Amy Berman Jackson is scheduled to sentence Mr. Manafort next Wednesday. Mr. Manafort, who is 69 years old, faces up to 10 years in prison for those charges, but Judge Jackson can decide whether that sentence should be added to the one handed down Thursday or run concurrently.