FIRST AIRED: October 31, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> Are you going to pardon Mr. Manafort?>> Thank you, everybody.>> The federal indictments against Trump campaign manager Paul Manafort for money laundering and fraud offer a window into his lavish lifestyle. Fueled, authorities allege, by millions of dollars in foreign money stashed in offshore accounts. Reporter Sarah Lynch has the details.
00:00:20
>> It says that he had purchased over the course of just several years four Land Rovers. That he spent more than $1 million on eight rugs in just a very short period of time in a shop in Alexandria, and more than $1.3 million in clothing at fancy shops in Beverly Hills and New York City.
00:00:38
One time was over $128,000 just in one single shopping day.>> Before joining the Trump campaign, Manafort's clients included a pro-Russian political party in Ukraine, allegedly paying him tens of millions of dollars off the books. Reports of that work led to his firing from the Trump campaign in August 2016.
00:00:57
>> He would take in the proceeds from his consulting and his lobbying business and store that money, allegedly, in offshore accounts in Cyprus. Now, any account that's more than $10,000 offshore is supposed to be reported to the US Treasury Department, so you can pay taxes on that income.
00:01:15
>> Manafort has pled not guilty to all charges and his lawyer denied he was trying to launder funds or avoid taxes