The Real Deal Miami

Paul Manafort’s plea-deal property forfeiture excludes South Florida country club pad

Federal prosecutors omitted the Palm Beach Gardens residence in a proposed order detailing properties and bank accounts that President Trump's former campaign chairman agreed to forfeit as part of a plea deal
October 06, 2018 10:00AM

Paul Manafort and his house at 10 St. James Drive in Palm Beach Gardens (Credit: Redfin, Getty Images)

Paul Manafort, the former campaign chairman for President Trump, will forfeit his New York homes as part of a plea deal but will keep his house at a gated South Florida country club community.

Federal prosecutors filed a proposed order on Friday detailing bank accounts and properties that Manafort agreed to forfeit, and his Palm Beach Gardens residence was absent from the order.

The 5,231-square-foot house is in BallenIsles, a gated community in Palm Beach Gardens. Manafort has been registered to vote at the address of the Palm Beach Gardens house, 10 St. James Drive, since 2011.

He and his wife bought the house in 2007 for $1.5 million.

Manafort’s homes in New York, valued at $22 million, will be auctioned by the U.S. Marshall’s office. His homes in New York include a Brooklyn brownstone, a SoHo loft, an apartment in lower Manhattan, a residence in the Hamptons and a 43rd-floor apartment in Trump Tower.

He agreed last month to cooperate with special counsel Robert Mueller and pleaded guilty to charges arising from his consulting work in Ukraine for pro-Russia politicians.

Manafort pleaded guilty to two charges of conspiracy, and prosecutors dismissed five other charges that included money laundering and violations of a disclosure requirements in a lobbying law.

Prior to the plea deal, a jury in another case found Manafort guilty of eight counts of bank fraud, tax fraud and failure to disclose a foreign bank account. He is incarcerated and awaiting sentencing. [Palm Beach Post] Mike Seemuth