Sorry about that. Here it is properly formatted:
The Paul Manafort indictment is much ado about nothing . . . except as a vehicle to squeeze Manafort, which is special counsel Robert Mueller’s objective — as we have been arguing for three months (see here, here, and here).
Do not be fooled by the “Conspiracy against the United States” heading on Count One (page 23 of the indictment). This case has nothing to do with what Democrats and the media call “the attack on our democracy” (i.e., the Kremlin’s meddling in the 2016 election, supposedly in “collusion” with the Trump campaign). Essentially, Manafort and his associate, Richard W. Gates, are charged with (a) conspiring to conceal from the U.S. government about $75 million they made as unregistered foreign agents for Ukraine, years before the 2016 election (mainly, from 2006 through 2014), and (b) a money-laundering conspiracy.
There are twelve counts in all, but those are the two major allegations.
The so-called conspiracy against the United States mainly involves Manafort’s and Gates’s alleged failure to file Treasury Department forms required by the Bank Secrecy Act. Specifically, Americans who hold a stake in foreign bank accounts must file what’s known as an “FBAR” (foreign bank account report) in any year in which, at any point, the balance in the account exceeds $10,000. Federal law also requires disclosure of foreign accounts on annual income-tax returns. Manafort and Gates are said to have controlled foreign accounts through which their Ukrainian political-consulting income sluiced, and to have failed to file accurate FBARs and tax returns. In addition, they allegedly failed to register as foreign agents from 2008 through 2014 and made false statements when they belatedly registered.
It's absolutely a good thing for the President. The sense of disappointment on the faces of Nancy Pelosi and Chuck Schumer was palpable...
Mueller is trying to convert a misdemeanor failure to register/disclose case into a felony by abusing his prosecutorial discretion and the law. One of many reasons why we should not have special counsel who do not consider themselves bound by DOJ policies.
Russians sought to further decrease trust in American government: Mueller’s goal.
The biggest wrongdoing alleged in the statement of facts was failure to pay taxes on millions of dollars of income.
The other stuff was basically just failure to file notices of foreign bank accounts and of lobbying and then leveraging off that for counts of money laundering and conspiracy.
Presumably the IRS will come after Manafort on the tax evasion?
Or maybe Manafort has tax opinions from reputable tax firms supporting all of these transactions and the IRS won’t have much of a case?
Pretty much what everyone expected. A political operator with a shady past who got canned 10 days after being appointed as campaign manager when then-candidate Trump got wind of the same.
Anyone associated with the Yanukovich regime (which embezzled literally hundreds of BILLIONS of $ from the Ukranian state for Yanukovich’s personal use) is tainted.
If anything this shows President Trump acting as he always has when he gets pertinent info - swiftly and decisively - in firing him.
I wonder if Manafort has any recourse against Moeller at el for false accusing and harassment?