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Government moves to seize Manafort's condo in Trump Tower


Added 05-24-19 10:57:02pm EST - “The federal government moved on Friday to formally take possession of former Trump campaign chairman Paul Manafort's apartment in Trump Tower, according to court documents” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “Government moves to seize Manafort's condo in Trump Tower”. Below is an excerpt from the article.

The federal government moved on Friday to formally take possession of former Trump campaign chairman Paul ManafortPaul John ManafortBanker charged for allegedly approving Manafort loans for Trump job House Democrat 'fixed' Trump's infographic about Mueller's investigation Michael Caputo eyes congressional bid MORE’s apartment in Trump Tower, according to court documents obtained by USA Today.

Manafort pleaded guilty in September to one count of conspiracy against the United States and one count of conspiracy to obstruct justice by witness tampering as part of special counsel Robert MuellerRobert (Bob) Swan MuellerGraham: Mueller investigation a 'political rectal exam' House progressive: Pelosi 'has it right' on impeachment Democrats talk subpoena for Mueller MORE’s Russia investigation.

As part of his plea agreement with federal prosecutors, Manafort forfeited $22 million in New York real estate — including three Manhattan apartments, a Brooklyn townhouse and a home n the Hamptons, The New York Times reported at the time.

Manafort’s 1,509 square foot condo at Trump’s iconic building on Fifth Avenue is estimated at $2.5 million, according to online real estate website Zillow.

Occupancy rates at the president’s luxury property have plunged over the last several years, according to a Bloomberg report from earlier this month.

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