Manafort Indicted for Mortgage Fraud Scheme

Stephanie Abbott —  March 13, 2019 — Leave a comment

Paul Manafort, 69, Palm Beach Gardens, Florida, was indicted today for a yearlong residential mortgage fraud scheme.

Manafort and others falsified business records to illegally obtain millions of dollars. Manafort is charged in a New York State Supreme Court indictment filed on March 7, 2019, with Residential Mortgage Fraud in the First Degree, Attempted Residential Mortgage Fraud in the First Degree, Conspiracy in the Fourth Degree, Falsifying Business Records in the First Degree, and Scheme to Defraud in the First Degree.

A copy of the indictment is available here.

Manhattan District Attorney Cyrus R. Vance, Jr. made the announcement.

No one is beyond the law in New York,” said District Attorney Vance. “Following an investigation commenced by our Office in March 2017, a Manhattan grand jury has charged Mr. Manafort with state criminal violations which strike at the heart of New York’s sovereign interests, including the integrity of our residential mortgage market. I thank our prosecutors for their meticulous investigation, which has yielded serious criminal charges for which the defendant has not been held accountable.”

The prosecution of this case is being handled by Assistant D.A. and Senior Investigative Counsel Peirce Moser and Assistant D.A.s Sean Pippen, James Graham, Lisa White, and Kevin Wilson under the supervision of Assistant D.A. Christopher Conroy (Chief of the Major Economic Crimes Bureau) and Executive Assistant D.A. Michael Sachs (Chief of the Investigation Division). Trial Preparation Assistants Caroline Adelson, Sophie Hoblit, and Alexander Petrillo, as well as Investigator Daniel Schoenfeld and Forensic Accountant Investigator Jeffrey Leap, assisted with the investigation.

The charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty. All factual recitations are derived from documents filed in court.

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