Paul Manafort Offers Chinatown Condo As Part Of Bail Deal

CHINATOWN, NY — Paul Manafort is offering up his Chinatown apartment as a collateral for bail after he was indicted on money laundering charges, his lawyers said Thursday.

President Donald Trump's former campaign advisor was charged with money laundering and making false statements to investigators in October. Robert Mueller, the special counsel investigating the Trump campaign's ties to Russia, indicted Manafort and his business partner Rick Gates.

Prosecutors had initially asked that Manafort's bail be set at $10 million to ensure he shows up for his trial, which is likely to take place sometime next year. Manafort's legal team offered four of his properties, including one in Chinatown, as collateral for the bail in legal filings on Thursday. Manafort is the co-owner of a Chinatown condominium at 123 Baxter St. The other properties offered as collateral are in Virginia, the Hamptons and Florida. In total, the four properties equal about $11.7 million, prosecutors said.

Manafort has pleaded not guilty to the money laundering charges. He remains under house arrest until a federal judge approves the terms of the bail.

Manafort also owns New York real estate in Carroll Gardens and in Soho.

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