Federal investigators have subpoenaed records related to a $3.5 million mortgage that former Trump campaign manager Paul Manafort took out on his Hamptons home just after leaving the campaign, according to a source familiar with the matter.
The mortgage document that explains how Manafort would pay back the loan was never filed with Suffolk County, New York and Manafort's company never paid up to $36,000 in taxes that would be due on the loan.
In addition, despite telling NBC News previously that all his real estate transactions are transparent and include his name and signature, Manafort's name and signature do not appear on any of the loan documents that are publicly available. A Manafort spokesperson said the $3.5 million loan, which was taken out through a shell company, was repaid in December, but also said that paperwork showing the repayment was not filed until he was asked about the loan by NBC News.
New York Attorney General Eric Schneiderman is also taking a "preliminary look" at Manafort's real estate transactions, according to a separate source. The Wall Street Journal reported Friday that the Justice Department has requested Manafort's banking records.
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On August 19, 2016, Manafort left the Trump campaign amid media reports about his previous work for a pro-Russian political party in Ukraine, including allegations he received millions of dollars in payments.
That same day, Manafort created a holding company called Summerbreeze LLC. Several weeks later, a document called a UCC filed with the state of New York shows that Summerbreeze took out a $3.5 million loan on Manafort's home in the tony beach enclave of Bridgehampton.
Manafort's name does not appear on the UCC filing, but Summerbreeze LLC gives his Florida address as a contact, and lists his Bridgehampton home as collateral.
A review of New York state and Suffolk County records shows the loan was made by S C 3, a subsidiary of Spruce Capital, which was co-founded by Joshua Crane, who has partnered with Donald Trump on real estate deals. Spruce is also partially funded by Ukrainian-American real-estate magnate Alexander Rovt, who tried to donate $10,000 to Trump's presidential campaign on Election Day but had all but the legal maximum of $2,700 returned.
Source and a lot more: http://www.nbcnews.com/news/us-news/manafort-got-3-5m-mystery-mortgage-paid-no-tax-n759866
The mortgage document that explains how Manafort would pay back the loan was never filed with Suffolk County, New York and Manafort's company never paid up to $36,000 in taxes that would be due on the loan.
In addition, despite telling NBC News previously that all his real estate transactions are transparent and include his name and signature, Manafort's name and signature do not appear on any of the loan documents that are publicly available. A Manafort spokesperson said the $3.5 million loan, which was taken out through a shell company, was repaid in December, but also said that paperwork showing the repayment was not filed until he was asked about the loan by NBC News.
New York Attorney General Eric Schneiderman is also taking a "preliminary look" at Manafort's real estate transactions, according to a separate source. The Wall Street Journal reported Friday that the Justice Department has requested Manafort's banking records.
....
On August 19, 2016, Manafort left the Trump campaign amid media reports about his previous work for a pro-Russian political party in Ukraine, including allegations he received millions of dollars in payments.
That same day, Manafort created a holding company called Summerbreeze LLC. Several weeks later, a document called a UCC filed with the state of New York shows that Summerbreeze took out a $3.5 million loan on Manafort's home in the tony beach enclave of Bridgehampton.
Manafort's name does not appear on the UCC filing, but Summerbreeze LLC gives his Florida address as a contact, and lists his Bridgehampton home as collateral.
A review of New York state and Suffolk County records shows the loan was made by S C 3, a subsidiary of Spruce Capital, which was co-founded by Joshua Crane, who has partnered with Donald Trump on real estate deals. Spruce is also partially funded by Ukrainian-American real-estate magnate Alexander Rovt, who tried to donate $10,000 to Trump's presidential campaign on Election Day but had all but the legal maximum of $2,700 returned.
Source and a lot more: http://www.nbcnews.com/news/us-news/manafort-got-3-5m-mystery-mortgage-paid-no-tax-n759866
