The Real Deal Miami

Manafort transferred Palm Beach house to his wife for $10 after plea deal with Mueller

The house was excluded from properties Manafort agreed to forfeit in a plea agreement stemming from the probe of Russian meddling in the 2016 election
December 02, 2018 10:15AM

Paul Manafort, the former campaign chairman of President Trump, signed a deed transferring his house in Palm Beach Gardens to his wife, Kathleen, for $10.

The house at 10 St. James Drive was excluded from a list of properties that Manafort agreed to forfeit in a plea agreement with special counsel Robert Mueller, who is investigating Russian interference in the 2016 election.

In September, Manafort 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 disclosure requirements in a lobbying law.

Forbes reported that Manafort was in a Virginia prison when he signed the deed transferring his five-bedroom house Palm Beach Gardens to his wife on Oct. 25.

The deed was filed with the Palm Beach County Clerk on Oct. 30 – almost four weeks before Mueller’s team of lawyers told a federal judge on Nov. 26 that Manafort “breached the plea agreement” by lying to them.

In a court filing, Manafort’s lawyers denied that their client lied to Mueller’s team.

Manafort bought the 5,231-square-foot house in BallenIsles, a gated community in Palm Beach Gardens, for $1.5 million in 2007.

Federal prosecutors filed a proposed order on Oct. 5 detailing bank accounts and properties that Manafort agreed to forfeit, and his Palm Beach Gardens residence was absent from the order.

The properties he agreed to forfeit include five New York homes: a Brooklyn brownstone, a SoHo loft, an apartment in lower Manhattan, a residence in the Hamptons and a 43rd-floor apartment in Trump Tower. [Forbes]Mike Seemuth