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Manafort earns $60 million in Ukraine, - US Internal Revenue Service

According to the documents of the Party of Regions, Manafort did receive $60 million, and he declared just $14 million
11:00, 9 August 2018

Voice of America

Michael Welch, the officer of the US Internal Revenue Service (IRS), stated in the court that Paul Manafort, ex-Head of Trump’s elections campaign, earned $60 million in Ukraine, $31 million of which – in 2012, as The Washington Post reports.

“Manafort received about $15.5 million from Ukraine, which he then paid directly to vendors and which he did not report or pay taxes on. The money never entered Manafort’s business or personal accounts in the United States, Welch said. Manafort also falsely classified an additional $1.5 million in income as a loan, Welch testified. An FBI accountant testified earlier Wednesday that more than $60 million flowed through Manafort’s overseas accounts between 2010 and 2014, and he spent $15 million of that on homes, clothes and other personal purchases,” Welsh said.

Related: Manafort offered his services to Poroshenko during 2014 presidential campaign

Half of the Ukrainian income, $15 million, he spent for accommodation, clothes and other private purchase.

“Former Manafort partner Rick Gates wrapped up his testimony as defense lawyers hinted that he had had four adulterous affairs,” the news agency reads.

Gates told that Ukraine paid Manafort millions of dollars for political work, transferring money from the companies in Cyprus to Manafort’s foreign bank account in Cyprus, which was not registered.

Related: Manafort assisted Poroshenko during presidential run in 2014, - Gates

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