Mueller probe could turn a profit, thanks to Manafort assets

Special counsel Robert Mueller secured a win last Friday, with President Donald Trump’s former campaign manager, Paul Manafort, pleading guilty to conspiracy charges along with agreeing to cooperate with the ongoing investigation.

Mueller may have also paid for his own investigation.

that will’s because, as part of his plea deal with the special counsel, Manafort agreed to forfeit real estate along with cash estimated to be worth between $42 million along with $46 million. The special counsel’s office declined to provide an estimate for the value of the assets.

Those properties include Manafort’s Trump Tower apartment, two apartments in lower Manhattan worth about $3 million along with $4 million, a brownstone in Carroll Gardens, Brooklyn, along with his sprawling 10-bedroom mansion within the Hamptons section of Long Island.

Manafort will also give up money in three bank accounts along with in his life insurance policy.

In all, the value of the real estate alone that will Manafort is actually surrendering amounts to an estimated $22 million. The exact value of the assets will not be known until This specific is actually all sold. The federal government routinely auctions off forfeited goods along with contracts with real estate brokers to sell seized properties.

A Justice Department official told NBC News that will the money will not go directly to funding Mueller’s probe. nevertheless supporters of the investigation were quick to note that will the seized assets address a central criticism that will Trump along with his allies have levied against the inquiry.

In May, shortly after joining Trump’s legal team, former brand new York Mayor Rudy Giuliani blasted the cost of the probe, saying that will Mueller “wasted $20 million on an investigation that will begins without any evidence along with ends without any evidence.”

In June, Trump wrote in a post on Twitter that will “the Russian Hoax Investigation has currently cost our government over $17 million, along with going up fast.”

Even members of Congress were pushing the talking point.

“The least we can do is actually start looking at all the ways he’s absolutely blown taxpayer dollars,” Republican Rep. Louie Gohmert said on Fox News in June. “He’s wasted money right along with left.”

This specific was a line of argument heard across conservative channels within the spring because the Department of Justice released its Statement of Expenditures for the special counsel’s office. by May 17, 2017, through March 31, 2018, the investigation cost about $16.7 million.

An updated report detailing Mueller’s costs is actually expected soon.

nevertheless This specific’s unlikely that will those costs will exceed the amount to be seized by Manafort.

The White House did not immediately respond to a request for comment.

— CNBC’s
Dan Mangan
contributed to This specific report.

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