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Long IslandPolitics

Manafort must surrender his estate in Bridgehampton, other homes

He pleaded guilty Friday to two charges of conspiracy in relation to his lobbying work with pro-Russian groups in Ukraine.

Paul Manafort's Bridgehampton house at 174 Jobs Lane,

Paul Manafort's Bridgehampton house at 174 Jobs Lane, was included in the indictment against him that was unsealed on Monday, Oct. 30, 2017. Photo Credit: Google Earth

Paul Manafort agreed Friday to forfeit his estate in Bridgehampton as part of his plea deal with special counsel Robert Mueller.

President Donald Trump’s former campaign chairman will turn over to the federal government a total of five homes in New York as well as the funds from three bank accounts and the proceeds of a life insurance policy.

Manafort pleaded guilty Friday to two charges of conspiracy in relation to his lobbying work with pro-Russian groups in Ukraine and agreed to cooperate with prosecutors.

In addition to his 5,574-square-foot, 10-bedroom retreat on Jobs Lane in Bridgehampton, Manafort will surrender his apartments in Trump Tower, SoHo and Chinatown in Manhattan and his brownstone in Carroll Gardens in Brooklyn.

The forfeitures, detailed in a plea offer document signed Friday by a prosecutor, Manafort and his attorney, deal a significant financial blow to Manafort.

His Bridgehampton home last year had an assessed value of $1.9 million, according to the Southampton Town assessor’s office.

Manafort wired funds from offshore accounts for goods and services in the United States, including more than $6 million to businesses in the Hamptons, and did not report the transfers as income, according to an updated indictment Friday.

His Bridgehampton estate had figured in testimony at his bank- and tax-fraud trial last month in Alexandria, Virginia.

A Southampton-based landscaper testified that he was hired in part to care for the property’s large pond and waterfall, 14-foot hedges and massive bed of red and white flowers forming an “M” shape.

Before Friday's plea deal, a second trial for Manafort on additional charges had been due to start this month in Washington.

Manafort was not sentenced Friday and was to remain in jail. 

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