Former Trump campaign manager Paul Manafort is pledging to put up four properties with a net value of $11.65 million in exchange for having his home confinement and Global Positioning System monitoring lifted while the criminal case against him goes forward.
Now, that house arrest could come to an end after defense attorneys presented "an agreed-upon bail package" with Mueller's team in court filings on Thursday, Politico reported.
Manafort has agreed to forfeit four properties worth about $11.65 million if there is a bail violation, the court document said.
Manafort, who served as President Donald Trump's campaign manager between April and August of 2016, was indicted late last month alongside his longtime business associate Rick Gates on charges that included money laundering, tax fraud, and failure to register as a foreign agent. He can also travel to and from Washington, D.C. where proceedings are scheduled.
Should Manafort violate the terms of the bail, the homes would be seized by the federal government.
It is unclear if Manafort's co-defendant Rick Gates’ lawyers are nearing a deal with prosecutors as well
Paul Manafort has reached a $11 million bail agreement with special counsel Robert Mueller's office that would allow him to be released from home arrest and Global Positioning System monitoring, according to court documents filed on Thursday.
"Simply put, Mr. Manafort's family would face severe economic consequences if he were not to appear as required", his lawyers said, calling the sum "a substantial portion" of assets "accumulated over a lifetime of work".
The other three properties are a condo that Manafort owns in Virginia, along with homes in Florida and the Hamptons. He turned over his three USA passports to prosecutors after his arrest.
The two defendants have been released from custody on unsecured promises by Manafort to pay $10 million and Gates $5 million if they failed to return. The agreement, which still needs a judge's approval, would also allow Manafort to shed a Global Positioning System tracking device.More news: Michael Flynn pleads guilty for lying to Federal Bureau of Investigation
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