NBC News is reporting that federal investigators have issued subpoenas for former Trump campaign manager and admitted servant of the Russian Federation, Paul Manafort, regarding a mysterious $3.5 million mortgage that Manafort took on his home in the Hamptons shortly after leaving the Trump campaign in August 2016.
Sources also indicate New York Attorney General Eric Schneiderman is in the process of taking a “preliminary look” at Manafort’s real estate transactions, along with the Justice Department.
Manafort never left any records of how he was going to pay back the loan and never paid $36,000 in taxes it required. The day after he left the Trump campaign, he created a holding company titled Summerbreeze LLC, which then took out the $3.5 million loan. However, some very shady business was underway, as NBC reports:
The mortgage notice for the loan, however, was never entered into government records by the lender. A mortgage notice normally names the lender, and gives the interest rate, the frequency with which payments must be made, and the length of the mortgage.
Manafort has denied all wrongdoing.
Manafort was the subject of fresh controversy earlier this year when it was revealed that he was paid millions of dollars by Russian oligarch and close Putin ally Oleg Deripaska in order to “influence politics, business dealings and news coverage inside the United States, Europe and former Soviet republics to benefit President Vladimir Putin’s government.”
Trump will not be pleased to know that the federal authorities are closing in on his former campaign manager at the same time that they are reviewing the communications obtained from a FISA wiretap from former campaign aide Carter Page and deciding how to deal with the revelation that Trump tried to stop the FBI investigation into his former national security advisor Gen. Michael Flynn.
The whole ship is taking on water, and Trump isn’t going to be able to swim his way out of this one.