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00:00:00
>> The prosecution Thursday continuing to hammer Paul Manafort for his wild spending habits, showing jurors exhibits like this $15,000 ostrich jacket, a piece that Manafort bought with money that prosecutors say he hid in foreign banks from the IRS. Reuters' Warren Strobel is following the trial.>> Mueller's strategy seems to be to first show that Manafort had this expensive lifestyle, that he benefited from millions of dollars that he earned working in Ukraine, among other places.
00:00:29
And then to show, try to persuade the jury that he hid this money, that he didn't report his taxes properly, that he was supposed to have reports of foreign bank accounts if you have them. He did not do that. And that's the sort of path that they're leading the jury along.
00:00:45
And of course the defense will have its day in court once the prosecution wraps up.>> Vendors who provided luxury goods and services to the Manafort family testified that they were often payed in overseas wire transfers and that they often received phony and doctored invoices. Manafort is accused of hiding much of the $60 million he allegedly earned working for pro-Russian politicians in Ukraine by stashing it in undisclosed overseas accounts.
00:01:10
And while a bank fraud case may sound dense, things are moving quickly in the Alexandria, Virginia courtroom.>> We don't know how long the trial will go, but it appears to be moving at a fairly rapid clip. The prosecution's already called ten witnesses, they're moving along fast. I think Judge Ellis is trying to keep it going fast, so it may conclude, I'm not saying it's going to conclude in the next day or two, but it may not be a month long drawn out affair like some people thought it might.
00:01:36
Paul Manafort's bookkeeper on Thursday testified that she was unaware of his holdings outside of the United States.
UNKNOWN]
said that Manniford was, quote, very detail oriented and, quote, approved every penny her firm paid from his personal account. She testified his associate, Rick Gates, who is expected to be a star witness for the prosecution, provided an inflated income figure to a banking executive as part of Manafort's efforts to get a loan.
00:02:02
Gates allegedly sent an email claiming Manafort was worth $4 million when the correct figure was more like 400,000.