Bloomberg: “The federal indictment of Paul Manafort, President Trump’s former campaign chairman, accuses him of laundering millions in foreign payments to pursue a ‘lavish lifestyle’ in the U.S., especially in the Hamptons, where he has a house. What it doesn’t explain — or highlight — are the stratospheric payments he made to home improvement companies when his renovation work was estimated at far less.
“Special Counsel Robert Mueller, in his indictment, says that a Hamptons firm got $5.4 million in wire transfers from Cyprus over 71 payments. But building permits over the same period examined by Bloomberg show that renovations by Manafort’s Hamptons’ contractor were estimated to cost $1.2 million. That’s less than a quarter of what was ultimately sent — an apparent discrepancy that could draw scrutiny from investigators.”