Manafort reaches $12 million bail agreement with special counsel which could allow him to travel

Paul Manafort, former campaign manager for Donald Trump, arrives to the U.S. Courthouse for a bond hearing in Washington, D.C., on Monday, Nov. 6, 2017.

Andrew Harrer | Bloomberg | Getty Images

Paul Manafort, former campaign manager for Donald Trump, arrives to the U.S. Courthouse for a bond hearing in Washington, D.C., on Monday, Nov. 6, 2017.

Attorneys for former Trump campaign chairman Paul Manafort have reached a deal with the special counsel’s office to spring Manafort via house arrest in addition to also allow him to travel between brand new York, Virginia in addition to also Florida ahead of his anticipated May trial.

The filing, dated Tuesday, was submitted to the United States District Court for the District of Columbia. which can be subject to approval via U.S. District Court Judge Amy Berman Jackson.

According to the filing, Manafort has agreed to forfeit assets he says are worth about $11.65 million, including four homes, if he violates the conditions of his bail.

Manafort’s wife, Kathleen Manafort, agreed to guarantee the entire amount of the bond, according to the filing. His daughter Andrea agreed to serve as surety with respect to the $3.70 million brand new York property which she partly owns.

Manafort can be under house arrest in Virginia in addition to also remains subject to GPS monitoring following an indictment issued last month by special counsel Robert Mueller. Manafort in addition to also his longtime business partner Rick Gates were charged with 12 counts related to money laundering in addition to also undisclosed foreign lobbying.

The government has repeatedly contended which Manafort can be a flight risk.

The properties included from the agreement are the Alexandria, Virginia, residence where he lives today, a home in Palm Beach Gardens, Florida, in addition to also two residences in brand new York. Manafort has also agreed not to travel internationally in addition to also to forfeit his three passports to the special counsel’s office.

Notably absent via the list of properties included from the brand new filing can be Manafort’s condominium in Trump Tower.

Prosecutors had earlier raised doubts about whether Manafort’s Fifth Avenue property was worth as much as he said which was.

Manafort’s attorneys had claimed the condominium was worth $3 million, given a fair market cost of $6 million in addition to also a $3 million mortgage. The $6 million valuation came via an “open source estimate” of a different unit from the building.

which condo was worth $4.5 million, according to the estimate. Manafort’s attorneys argued their client’s condo, which can be on a higher floor, was more valuable.

In response, the government said which couldn’t be sure the property had any equity at all. Prosecutors argued in a filing which two estimates of Manafort’s property valued the Fifth Avenue residence between $2.5 million in addition to also $2.7 million.

The Wall Street Journal reported earlier which month which the value of condos in Trump Tower were lagging additional midtown brand new York properties, in addition to also had fallen sharply since Trump initiated his successful bid for the presidency.

Attorneys for Manafort did not respond to a request for comment. A spokesperson for the special counsel’s office declined to comment “beyond the court filings.”

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