Tag Archives: Financial Crimes Enforcement Network

Follow the money: FBI raids the office of Trump’s attorney Michael Cohen (Updated)

Last week Donald Trump threw his personal attorney and consigliere (fixer) Michael Cohen under the bus for the Stormy Daniels affair. Trump says he didn’t know his attorney paid $130,000 to porn star Stormy Daniels.

Also last week we learned that Michael Cohen was under investigation by Special Counsel Robert Mueller. Mueller probe tracking down Trump business partners, with Cohen a focus of queries:

Special Counsel Robert Mueller’s investigators this week questioned an associate of the Trump Organization who was involved in overseas deals with President Donald Trump’s company in recent years.

Armed with subpoenas compelling electronic records and sworn testimony, Mueller’s team showed up unannounced at the home of the business associate, who was a party to multiple transactions connected to Trump’s effort to expand his brand abroad, according to persons familiar with the proceedings.

Investigators were particularly interested in interactions involving Michael D. Cohen, Trump’s longtime personal attorney and a former Trump Organization employee. Among other things, Cohen was involved in business deals secured or sought by the Trump Organization in Georgia, Kazakhstan and Russia.

The move to question business associates of the president adds a significant new element to the Mueller investigation, which began by probing whether the Trump campaign and Russia colluded in an effort to get Trump elected but has branched far beyond that.

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The Special Counsel focuses on the heart of the Russia investigation (updated)

Special Counsel Robert Mueller is beginning to ask direct questions about whether Donald Trump knew about the stolen Democratic emails from the 2016 presidential election before their theft became public knowledge — as well as whether he was in any way involved in how they were released during the campaign. Mueller asking if Trump knew about hacked Democratic emails before release:

Special counsel Robert Mueller’s team is asking witnesses pointed questions about whether Donald Trump was aware that Democratic emails had been stolen before that was publicly known, and whether he was involved in their strategic release, according to multiple people familiar with the probe.

Mueller’s investigators have asked witnesses whether Trump was aware of plans for WikiLeaks to publish the emails. They have also asked about the relationship between GOP operative Roger Stone and WikiLeaks founder Julian Assange, and why Trump took policy positions favorable to Russia.

The line of questioning suggests the special counsel, who is tasked with examining whether there was collusion between the Trump campaign and Russia during the 2016 election, is looking into possible coordination between WikiLeaks and Trump associates in disseminating the emails, which U.S. intelligence officials say were stolen by Russia.

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Special Counsel files new indictments against Paul Manafort and Rick Gates (Updated)

Special Counsel Robert Mueller has filed a new 32-count indictment Read the Special Counsel’s indictment (.pdf) against former Trump campaign manager Paul Manafort and his business associate Rick Gates. The Washington Post reports, Special counsel Mueller files new charges in Manafort, Gates case:

The indictment ratchets up pressure on Manafort and his deputy Rick Gates, who were already preparing for a trial that could come later this year on fraud and money laundering charges.

The additional charges had been expected in special counsel Robert S. Mueller III’s prosecution of Manafort and Gates. Manafort joined the Trump campaign in March 2016, and served as the campaign chairman from June to August of that year. Gates also served as a top official on Trump’s campaign [and the transition].

Mueller accused the men of lying on their income tax returns and conspiring to commit bank fraud to get loans. The indictment was filed in federal court in Virginia — a technical requirement because that was where the suspects filed their tax returns.

A court filing indicates that prosecutors initially sought to combine the new charges with the preexisting indictment in federal court in Washington, but Manafort declined to agree, leading to the possibility of two separate trials in two neighboring jurisdictions.

The new indictment offers a more detailed portrait of what prosecutors say was a multi-year scheme by Manafort and Gates to use their income from working for a Ukrainian political party to buy properties, evade taxes and support a lavish lifestyle even after their business connections in Kiev evaporated.

“Manafort and Gates generated tens of millions of dollars in income as a result of their Ukraine work. From approximately 2006 through the present, Manafort and Gates engaged in a scheme to hide income from United States authorities, while enjoying the use of the money,” the indictment charges.

From 2006 to 2015, Manafort, with help from Gates, allegedly failed to pay taxes on this money by disguising it as loans from offshore corporate entities, and by using foreign bank accounts to make payments to businesses in the United States on Manafort’s behalf.

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Follow the money: the Trump connection to Deutsche Bank and Russian money

Earlier this month, the Wall Street Journal reported that Special Counsel Mueller Subpoenas Deutsche Bank Records Related to Trump:

Deutsche Bank received a subpoena earlier in the fall from U.S. special counsel Robert Mueller’s office concerning people or entities affiliated with President Donald Trump, according to a person briefed on the matter.

The subpoena requested documents and data about accounts and other dealings tied to relationships with Mr. Trump and people close to him, the person said. The bank has lent more than $300 million to entities affiliated with Mr. Trump, according to public disclosures.

Ty Cobb, the White House’s chief lawyer handling the Russia investigation, said bank records of Mr. Trump and his family weren’t subpoenaed. “Previous reports today about subpoenas for financial records relating to the president and his family are false,” Mr. Cobb said.

A Deutsche Bank spokesman said Tuesday that the bank “takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter.” The subpoena was earlier reported by German newspaper Handelsblatt.

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Manafort indictment leads to Tony Podesta stepping down from the Podesta Group

Hours after former Trump campaign chair Paul Manafort and his business partner Rick Gates were indicted on several counts on Monday, Democratic super-lobbyist Tony Podesta announced that he is stepping down from his firm, the Podesta Group. Tony Podesta is stepping down from his lobbying firm, after scrutiny from Mueller investigation:

That’s no coincidence. According to a report last week by Tom Winter and Julia Ainsley of NBC News, Special Counsel Robert Mueller’s inquiry into Manafort’s foreign work before the campaign implicated Podesta’s own foreign work.

Specifically, both Podesta’s and Manafort’s firms represented a Ukrainian nonprofit group — the European Centre for a Modern Ukraine — between 2012 and 2014. This group was attempting to improve the image of the Ukrainian regime at the time, which was pro-Russian and under scrutiny for its treatment of their domestic opposition.

The indictment of Manafort and Gates does not mention the Podesta Group by name, but according to a new report by NBC News it is “Company B” here:

A report from CNN earlier this year described how the Podesta Group repeatedly contacted the State Department about Ukraine’s 2012 election, attempting to put a positive spin on the regime’s handling of the elections. However, and crucially, they didn’t disclose the full extent of their work in federal lobbying filings until earlier this year — and per NBC, that failure to disclose has caught Mueller’s attention. (A Podesta group spokesperson emailed me last week to insist that all appropriate legal disclosures were made.)

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Paul Manafort and Rick Gates are first indictments in Special Counsel probe (updated)

CNN posted a cryptic report on Friday that Robert Mueller’s grand jury had issued its first sealed indictment(s), and that an arrest could come as early as Monday, or not. Not much more than this to the reporting.

This touched off a weekend of wild media speculation trying to confirm the CNN report, who had been indicted, and what are the charges.

Monday has arrived, and the New York Times reports that Paul Manafort, President Trump’s former campaign chairman, and his former business associate Rick Gates, were told to surrender to the FBI on Monday. Manafort has reported to the FBI this morning. Paul Manafort, Who Once Ran Trump Campaign, Surrenders to F.B.I.:

Paul Manafort surrendered to federal authorities Monday morning, after a person close to the case said the first charges were filed in a special counsel investigation.

The charges against Mr. Manafort, President Trump’s former campaign chairman, were not immediately clear but represent a significant escalation in a special counsel investigation that has cast a shadow over the president’s first year in office. Also charged was Mr. Manafort’s former business associate Rick Gates, who was also told to surrender on Monday, the person said.

Mr. Manafort walked into the F.B.I.’s field office in Washington at about 8:15 a.m. with his lawyer.

Mr. Gates is a longtime protégé and junior partner of Mr. Manafort. His name appears on documents linked to companies that Mr. Manafort’s firm set up in Cyprus to receive payments from politicians and businesspeople in Eastern Europe, records reviewed by The New York Times show.

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