By Steve Neavling
ticklethewire.com
Donald Trump’s former campaign chairman, Paul Manafort, has reached a deal with prosecutors that would free him from house arrest until his trial on federal money laundering and other charges.
For $11 million worth of real estate, Manafort could shed his GPS tracking device following four weeks of house arrest that required him to stay inside his Virginia residence, with religious and medical exceptions. He could lose the property if he violates bond, Politico reports.
“The Defendant will execute an agreement to forfeit four (4) separate real properties if there is a bail violation with a total estimated net value (i.e., fair market value less encumbrances) of approximately $11.65 million. The OSC has agreed that the properties posted provide the reasonable assurance required under the Bail Reform Act,” Manafort lawyers Kevin Downing and Tom Zehnle wrote.
The deal would allow Manafort to travel throughout New York, Florida and Washington D.C.
But if Manafort flees, his wife would be required to turn over $10 million.
