Manafort Sued by Bank Which Lent Mortgage on His Hamptons Home
- Foreclosure comes after prosecutors dropped forfeiture action
- Manafort pardoned by Trump Dec. 23 after tax fraud conviction
Paul Manafort
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The Chicago bank that loaned millions of dollars to Paul Manafort under its founder and former longtime chief executive has now sued the former Trump campaign chairman and his wife, seeking to foreclose upon his mansion in the Hamptons.
Manafort, an international political consultant and Republican Party operative, was pardoned by then-President Donald Trump on Dec. 23 after he’d been convicted in August 2018 of lying to tax authorities about tens of millions of dollars he earned as a political consultant in Ukraine and misleading banks about his financial health to get loans. He was serving a 7 1/2-year prison term when he was released in May to home confinement due to the coronavirus pandemic.