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

National /
Dec.December 02, 2018 10:15 AM

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


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Avenir Development's Rosa Schechter and the Avenir project in Palm Beach Gardens
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Lone Star Funds founder and chair John Grayken, Discovery Senior Living exec Richard Hutchinson and the Palm Beach Gardens location of Discovery Senior Living. (Discovery, Getty)
Lone Star Funds buys two Palm Beach County senior living complexes for $57M
Lone Star Funds buys two Palm Beach County senior living complexes for $57M
Dusko Bruer pictured with one of his yachts and his Lake Worth property. (Facebook via Bruer, Southern District of Florida | United States District Court)
Palm Beach County resident who evaded taxes, splurged on Lake Worth Beach manse, sentenced
Palm Beach County resident who evaded taxes, splurged on Lake Worth Beach manse, sentenced
ABS National Business Parks manager Gregg Schenker, Stiles CEO Kenneth Stiles and Garden Plaza in Palm Beach Gardens (CBRE, Stiles, ABS)
Stiles sells Palm Beach Gardens office complex for $31M
Stiles sells Palm Beach Gardens office complex for $31M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Simon Gregg with the property (Trans Am)
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...