Manafort offering to post assets worth millions in bail package

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Former Trump campaign chairman Paul Manafort is offering to post $12.5 million-worth of assets in a bail package, according to his defense team.

The package is meant to ensure that he appears for trial as he faces charges of money laundering and failing to register as a foreign lobbyist. His lawyers said he’s willing to pledge three properties: his primary residence in Palm Beach Gardens, Fla., his Trump Tower condo in Manhattan and a condo in Chinatown.

He also offered several life insurance policies, worth a total of $4.5 million, held by trusts or Manafort’s wife Kathleen, according to a court filing.

The bail package is intended to secure Manafort’s release from home confinement, and allow him to travel freely in Florida, Virginia, Washington, D.C. and New York, according to Politico. Lawyers are also requesting an end to the GPS monitoring which accompanies the confinement.

“These substantial financial conditions, travel restrictions, and other conditions of release will reasonably assure Mr. Manafort’s appearance as required,” wrote defense lawyers Kevin Downing and Tom Zehnle in the court submission.

Manafort’s was released to home confinement on Monday, on a $10 million personal recognizance bond.

Manafort’s indictment by special counsel Robert Mueller came in relation to the investigation into allegations of collusion between the Trump campaign and Russia during the 2016 presidential election. Manafort’s latest pleading includes an assertion that the charges against him have nothing to do with the Trump campaign.

“Of note, his work on behalf of the Ukrainian clients ended around two years before Mr. Manafort agreed to work as the campaign manager for then-candidate Donald Trump,” the defense attorneys wrote.

U.S. District Court Judge Amy Berman Jackson is scheduled to address the issue further at a hearing set for Monday morning.

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