The indictment of Paul Manafort and Richard Gates is filled with interesting tidbits about their businesses and lifestyles. Some highlights:
(1) “Manafort and Gates generated tens of millions of dollars in income as a result of their Ukraine work.”
(2) “Manafort and Gates hid the existence of the foreign companies and bank accounts, falsely and repeatedly reporting to their tax preparers and to the United States that they had no foreign bank accounts.”
(3) “Manafort, without reporting the income to his tax preparer or the United States, spent millions of dollars on luxury goods and services for himself and his extended family through payments wired from offshore nominee accounts to United States vendors.”
(4) “Manafort also used these offshore accounts to purchase multi-million dollar properties in the United States. Manafort then borrowed millions of dollars in loans using these properties as collateral, thereby obtaining case in the United States without reporting and paying taxes on the income.”
(5) “In total, more than $75,000,000 flowed through the offshore accounts.”
(6) What did Manafort spend his money on?
* “Vendor B” is a “Home Automation, Lighting and Home Entertainment Company in Florida.” Manafort wired them $1,319,218 over the course of two years.
* “Vendor C” is an “Antique Rug Store in Alexandria, Virginia.” Manafort wired them eight payments totally $934,350 over the course of two years. (And then wired another $100,000 to a “Vendor D” who was “related to Vendor C.”
* “Vendor E” is a “Men’s Clothing Store in New York.” Manafort wired $849,215 to them over six years.
* “Vendor H” is a “Clothing Store in Beverly Hills, California.” Manafort wired them $520,440 over four years.
