Ex-Trump Campaign Chairman Manafort In $11.65 Million Bail Deal

Ex-Trump Campaign Chairman Manafort In $11.65 Million Bail Deal

Kerry Wise
December 2, 2017

Former Trump presidential campaign manager Paul Manafort has reportedly reached a deal with the federal government in which one of his NY apartments would act as collateral toward his $11.7 million bail. The deal requires Manafort to pledge four properties he owns, which prosecutors say equal $11 million in value.

"Counsel for Mr. Manafort and the Office of Special Counsel have conferred, and the parties agree that the conditions of release set forth below will reasonably assure the appearance of Mr. Manafort as required", they wrote. Manafort and his business associate Rick Gates have both pleaded not guilty.

He has also agreed to restrict his travel to surrounding states. The properties will be seized should Manafort violate the terms of his release.

The bail agreement will allow Manafort to travel within the U.S. "to other jurisdictions (e.g., for a potential business meeting). only upon application to and approval by the Court".

A judge still has to OK the agreement, but it would free Manafort from house arrest and Global Positioning System monitoring and let him travel to Virginia, New York, Florida and Washington, D.C. Any other domestic travel would require the court's permission.

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If Manafort doesn't appear in court as required, he would forfeit the four properties.

The properties are worth $11.65 million, according to the documents.

Mueller's prosecutorial team previously asked that Manafort's bail be set at $10 million to ensure that he would show for trial, which is set to take place sometime next year.

In this July 17, 2016 photo, Trump Campaign Chairman Paul Manafort talks to reporters on the floor of the Republican National Convention at Quicken Loans Arena in Cleveland. Manafort got additional passports to apply for visas when one was being used or believed to be lost, and traveled with a phone in his brother's name to protect the confidentiality of his clients.