Former Trump campaign chairman Paul Manafort has reached an agreement with special counsel Robert Mueller on how to make his $10 million bail, which includes putting up millions of dollars of his properties, according to court documents filed Thursday.
Now, a federal judge has to decide if that agreement is acceptable.
The deal comes roughly a month after Manafort voluntarily turned himself in to face charges stemming from Mueller’s Russia probe. At the indictment, U.S. District Court Judge Amy Herman Jackson set a $10 million bail for Manafort.
Under the agreement, Manafort has agreed to pledge four of his properties — one in Alexandria, Va., one in Palm Beach Gardens, Fla., and two in New York — that are worth a combined $11.65 million.
“The Defendant will execute an agreement to forfeit four (4) separate real properties if there is a bail violation with a total estimated net value (i.e., fair market value less encumbrances) of approximately $11.65 million. The OSC has agreed that the properties posted provide the reasonable assurance required under the Bail Reform Act,” Manafort’s lawyers, Kevin Downing and Tom Zehnle, wrote in court filings.
Manafort’s house arrest and GPS monitoring would also be lifted, permitting him travel to Virginia, New York, Florida, and Washington — but still not abroad, as he has surrendered his three passports already.
Manafort’s wife, who has not been charged in the case, is also named by Manafort’s lawyers in the new court filing as someone who has offered to pay $10 million if her husband flees or if the value of the properties drops below $10 million. She will also turn over her passport.
Manafort’s daughter is listed as someone who can serve as a surety “should Mr. Manafort not appear as required and should the fair market value of the pledged properties fall below what has been documented.”
Manafort has been under house arrest since Oct. 30 when a federal grand jury indicted him and Rick Gates, his business partner. Among the charges the two face include money laundering, tax evasion and failure to disclose foreign lobbying. Both have pleaded not guilty.
