Paul Manafort Reaches $11M Bail Deal

Paul Manafort Reaches $11M Bail Deal

Paul Manafort Reaches $11M Bail Deal

President Donald Trump's former campaign chairman reached an $11 million bail agreement with prosecutors Thursday that would end the house arrest he has lived under for the past month, according to court documents. Special Counsel Robert Mueller has agreed to the terms, which need a judge's approval, according to a filing by Manafort's lawyers.

Under the terms of the deal, Manafort will put up four homes valued at about $11.6 million to guarantee he will continue to show up for court proceedings and not flee the country. Mr. Manafort has already turned over his passports to authorities, but his wife, who has not been criminally charged, would also voluntarily surrender her passport as part of the agreement. The properties include his Alexandria, Va., condominium, where he has been detained on house arrest, his vacation home in the Hamptons, a second vacation home in Palm Beach, Fla., and an apartment in New York City.

A federal judge must now consider whether to approve the deal.

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Manafort was indicted last month on charges that included money laundering, tax fraud, and failure to register as a foreign agent.

Manafort, who was indicted October 27 with a business associate, Rick Gates, would be released from home confinement in Alexandria, Virginia, and would no longer be subject to electronic monitoring, according to the filing.

The agreement, which still needs a judge's approval, would also allow Manafort to shed a Global Positioning System tracking device, USA Today reported.

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Manafort's guard group said the properties are worth more than $11 million, subsequent to existing home loans are deducted.

Prosecutors agreed with Manafort that his home detention and Global Positioning System monitoring be terminated and that he be permitted to travel on 24 hours notice between the three states where he has homes and does business and the District, and - with approval from the court - elsewhere in the United States.

Meanwhile, Manafort's defense rebutted prosecutors' assertions that he poses a risk of flight based on his ownership of three passports, and on the registration in May of a phone and email account under an alias that Manafort used to travel to Ecuador, China and Mexico.

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The two defendants have been released from custody on unsecured promises by Manafort to pay $10 million and Gates $5 million if they failed to return.

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