million worth of property that the court can seize if i take off so in a filing, on friday night mueller s team was like we see big bank fraud problems here. those allegations appear to be what s in this indictment now. so there is a little foreshadowing friday night. this morning, the judge formally requested excuse me, formally rejected a request by manafort related to his bail package. now there are dozens of criminal charges related to the properties that manafort put up as part of his bail. we now know. that s what in this indictment that came out tonight. because mueller ice team is raising all these questions about these properties and them being basically obtained by fraudulent means, does that mean manafort is at risk of having his bail pack pajs, bond package revoked. the reason you put up a bond package to s to say you don t
let me ask you about the venue question. the first time of manafort and gates was from a grand jury in d.c. these new charges were from a grand jury in virginia, in the eastern district of virginia where you served as u.s. attorney. is there a reason for this change of venue? it seems unusual just as a lay observer? it s unusual but not unheard of. if you want to charge manafort and gates, rachel, with everything they did, you have to bring it in this case in two different places. it seems to me they don t have venue for the tax fraud charges in the district of columbia. they probably don t have venue in the eastern district of virginia for the failure to register as foreign agents so if you want to charge them with everything, if you want to run the table you have to do it in two different places. does this mean these guys could end up facing two different consecutive trials in these two different jurisdictions? yes, if they don t plead guilty they re going to be tried in one
reports that what mueller s team is investigating specifically is the question of whether those loans were a quid pro quo. did that bank give that money to manafort because by doing so the head of that little bank came to believe that he would be appointed secretary of the united states army by donald trump. steve calk, the chief executive of the bank, because placing calls to the pentagon and army headquarters asking for briefings to obtain information and prepare himself for a possible job. mr. calk s overtures raised questions from military leaders as to how to respond. so what is described in this indictment is that paul manafort for some reason, end of 2015 beginning of 2016 he was doing gymnastics to try to get his hands on lots of money at a
these guys are doing back flips allegedly flagrantly illegal back flips to try to get cash for manafort and increasingly it was not working. but then it all turned around. for some reason manafort himselves himself to the trump campaign as a full time volunteer i don t need to get paid, i don t have money problems. then his money problems turn around. and, again, look at the timing here, look at the timing. between approximately 2016 and january 2017 manafort with the assistance of gates sought and secured approximately $16 million. $16 million in two loans from lender d. finally, great relief. money coming in. let s put late 2015 and early 2016 behind them. thank god for lender d. i mean, they were still
replied, quote, looks doctored, can t someone just do a clean excel document and pdf it to me? a subsequent version was submitted to the bank. they also ginned up a fake invoice for $2.4 million. they addressed it to to whom it may concern. who promises to pay two whom it may concern $2.4 million? but they apparently ginned up this invoice to make it look like they were about to get paid $2.4 million. problem, though. quote, the bank was unwilling to rely on the invoice to support manafort s stated income. they requested additional information. the bank was unable to obtain satisfactory support for manafort s stated income and the loan application was denied. why do you need all these different loans? why do you need all this cash? we don t know. for some reason times were tough and this stuff all happens in very close succession, all at once, late 2015 early 2016.