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Rick Gates testifies that he conspired with Paul Manafort to commit bank fraud

August 6, 2018

  I think we have known for quite some time that Paul Manafort was in serious trouble but if there was any doubt today’s testimony by Rick Gates probably put an end to it. In addition to testifying that he embezzled hundreds of thousands of dollars from Paul Manafort, Rick Gates also testified that he helped Mr. Manafort commit bank fraud. I guess he was an equal opportunity swindler…

  Here is more:

Rick Gates on Monday took the stand in the federal fraud case against his former business partner, ex-Trump campaign chairman Paul Manafort, testifying that he and Manafort conspired to commit bank and tax fraud — and that he embezzled hundreds of thousands of dollars from Manafort.

“Were you involved in criminal activity when you worked for Paul Manafort?” federal prosecutor Greg Andres asked Gates after he took the stand.

“Yes,” Gates replied.

“Did you commit a crime?” Andres asked.

“Yes,” Gates said.

“Who did you conspire with?” the prosecutor asked.

“Paul Manafort,” Gates replied.

And here is more:

Gates testified that he and Manafort under-reported income and failed to file FBAR, or Foreign Bank Account Report, forms.

Gates said that Manafort requested “over the years” that Gates make wire transfers from foreign accounts “primarily in Cyprus,” and those funds were not reported.

Gates also testified that he lied to Manafort’s bookkeeper and accountants.

  As I said above, things are looking pretty bleak right now for Paul Manafort, but on the political side of things it should be remembered that these charges stem from years ago and have nothing to do with the 2016 election or Donald Trump. But that will not stop the left from foaming at the mouth tomorrow, talking about how the noose is tightening around the President’s neck, and the mainstream media will play right along being duty-bound to spout the Democratic talking points.

malo periculosam libertatem quam quietum servitium

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5 Comments leave one →
  1. Fergus permalink
    August 6, 2018 8:25 pm

    Show me very rich people and you’ll seldom meet an honest person.

    Liked by 1 person

  2. August 6, 2018 10:35 pm

    I’ll put on my old Paralegal hat…. this is the Prosecution case…they go first…. Show me a rich person and I will show you a million ways to find them guilty of something if one wants to with all the regs 30,000 pages of tax codes…
    My family business was fined for having margarine in the same refrigerator as butter, even worse, one was not allowed to serve margarine… an old law back in the 1950’s.. I could give you more, but you get the idea.

    Liked by 1 person

    • August 7, 2018 5:36 am

      That’s insane Bunkerville! It does look like if they want to get a person badly enough they will find a law to get them.
      We’ll have to see what happens in this case when Manafort is allowed to defend himself but I don’t have a good feeling about this case.

      Liked by 1 person

  3. August 7, 2018 3:51 am

    So Gates got immunity. What is his testimony worth? Plus this case seems like double jeopardy because DAG Rosenstein supposedly exonerated Manafort years ago for this very same sorted mess. The US legal system needs to be overhauled and taken out of the hands of attorneys.

    Liked by 1 person

    • August 7, 2018 5:38 am

      That is the problem with immunity and plea bargaining, a person will say anything to save his own hide and I don’t think it should be trusted but it works all the time. I also think it is time to overhaul the legal system.

      Like

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