Congrats to the Feds, Now the Proud Owners of Paul Manafort's Trump Tower Condo

  
Via:  krishna  •  3 months ago  •  10 comments

Congrats to the Feds, Now the Proud Owners of Paul Manafort's Trump Tower Condo
Though Manafort told prosecutors it was worth $6 million, apartments in Trump Tower have seen a real drop in worth over the last year or so for some reason, and Zillow says this Fifth Avenue bad boy’s down to $2.5 million, if you want it.

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Donald Trump gives a thumbs up as his campaign manager Paul Manafort and daughter Ivanka look on,National Convention, Cleveland, July 21, 2016. Rick Wilking/REUTERS

Paul Manafort used to live in a multimillion-dollar condo in Trump Tower, but now he lives in prison. That multimillion-dollar condo, meanwhile, is in the hands of the federal government, which has formally seized the apartment. A cool new house for the Feds! I only hope, for their sake, that Manafort’s a better decorator than his crime boss.

According to CNN, on Thursday Judge Amy Berman Jackson issued an order officially granting the Justice Department’s request to seize Manafort’s condo, which he purchased through a very illegal shell company about a decade ago and mortgaged for about $3 million in 2015.

The two-bedroom, 2.5-bath apartment makes up 1,509 square feet, and is basically a steal. Though Manafort told prosecutors it was worth $6 million, apartments in Trump Tower have seen a real drop in worth over the last year or so for some reason, and Zillow says this Fifth Avenue bad boy’s down to $2.5 million, if you want it.

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Krishna
1  seeder  Krishna    3 months ago

This isn’t the only new home the government gets, though it is the only one in Trump Tower. Manafort, who was sentenced to seven-and-a-half years in prison in March for doing very dumb crimes, has had to forfeit about $22 million worth of property to the feds, including a Soho loft, a Brooklyn townhouse, and a house in Long Island with a tennis court. The government will sell the properties, along with the Trump Tower condo, to pay down Manafort’s extensive debts.

"has had to forfeit about $22 million worth of property to the feds..." 

And what are they going to do with it? Why they will auction it off, of course-- the proceeds going to the federal government. One newscaster recently commented that that $12 million the government will be taking in is greater than the cost of the entire Mueller Investigation. (In other words-- the Mueller Investigation hasn't cost the taxpayers anything-- in fact its more than paid for itself!). 

 
 
 
Ronin2
1.1  Ronin2  replied to  Krishna @1    3 months ago
One newscaster recently commented that that $12 million the government will be taking in is greater than the cost of the entire Mueller Investigation. (In other words-- the Mueller Investigation hasn't cost the taxpayers anything-- in fact itsmore than paid for itself!). 

Since all other reports put the Mueller investigation at over 35 million plus; the newscaster must be on something.

 
 
 
Tessylo
1.1.1  Tessylo  replied to  Ronin2 @1.1    3 months ago

Manafort's seized assets paid for the investigation so we're good!

 
 
 
Krishna
2  seeder  Krishna    3 months ago

In other words-- the Mueller Investigation hasn't cost the taxpayers anything-- in fact its more than paid for itself!

Not bad for a "Witch-Hunt!

(And don't forget-- this "Witch-Hunt" has resulted in the successful apprehension of other "Witches" from Trump's Covern...yes, others in addition to Manafort!!)

384

 
 
 
bbl-1
2.1  bbl-1  replied to  Krishna @2    3 months ago

Didn't you mean Klavern?

 
 
 
pat wilson
3  pat wilson    3 months ago

I think there will be an auction. The sooner the better, get that sX$t stain off our nation !

 
 
 
bbl-1
4  bbl-1    3 months ago

Maybe the Trump can buy it.  Oh.  He can't get the credit and he sure as hell doesn't have the money.  The 'brokahontas.'

 
 
 
Enoch
5  Enoch    3 months ago

If the Feds took properties, they belong to the American People.

Let's turn them all into time shares for tax payers.

I call dibs on Wednesday September 4th. 

I want to treat Mrs. E. to a Glatt Vegan Kosher meal at Edible Pursuits, and the Broadway show of her choice on her B-day.

Of course, a trip to Fashion Avenue for some stylish new threads is a must when in NYC.

A big shout out to those headed to Club Fed for decades.

"Thanks for the felonies".

Enoch Hope, Headed out to Entertain the Troops.

 
 
 
pat wilson
5.1  pat wilson  replied to  Enoch @5    3 months ago

jrSmiley_86_smiley_image.gif

 
 
 
It Is ME
6  It Is ME    3 months ago

Moral of the Story:

Don't go beyond the Rules when it comes to "Taxes". 

Anywhooooo

It's government, so they'll re-sell them at a loss anyway. Maybe 1/4 of their value ?

 
 
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