President Trump’s former campaign chairman Paul Manafort was indicted Wednesday in New York on charges related to mortgage fraud, conspiracy and other crimes — just minutes after he received a second prison sentence in a separate federal case.

In total, the Manhattan District Attorney’s Office hit Manafort with 16 new charges. In a statement, DA Cyrus Vance said the charges stem from a year-long residential mortgage fraud scheme that saw Manafort falsify business records in order to reap millions of dollars.

“No one is beyond the law in New York,” Vance said in the statement.

The investigation that led to the charges began in March 2107, Vance also said.

The case stems from Manafort’s alleged attempt to launder money through a New York City condo. The condo is located on Manhattan’s Howard St., and was allegedly purchased for “approximately $2,850,000,” according to court documents.

Manafort was accused of falsely claiming on a mortgage application that his daughter and son-in-law were living in the property. He also allegedly rented the condo out on Airbnb while taking tax breaks for owning a rental.

In 2017, special counsel Robert Mueller — who is currently investigating Trump’s connections to Russia — also call in a real estate agent who had previously worked with Manafort to testify before a grand jury

Wednesday’s latest round of charges are especially significant because, unlike federal crimes, they cannot be swept away with a presidential pardon.

Manafort has also faced two federal cases, netting him a total prison sentence of seven and a half years. That sentence is split between 47 months a federal judge in Virginia handed down earlier in March, and 43 months a judge in Washington, D.C., imposed Wednesday.

The federal cases — which were brought by Mueller — stem from Manafort’s work consulting for a pro-Russian political party in Ukraine. Prosecutors ultimately accused him of committing a slew of crimes including conspiracy and bank and tax fraud.

The 43-month sentence Wednesday came just minutes before Manhattan prosecutors announced their case against Manafort, which was widely seen as an attempt to keep in behind bars even if Trump opts to pardon him.

Manafort served as Trump’s campaign manager from June to August of 2016.

Though the president has not said if he would pardon Manafort, Trump has praised him for refusing to “break” in the face of pressure from prosecutors.

Email Jim Dalrymple II

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×