Member of Trumps inner circle faces questions about money laundering over $1.5 million loan to Mana

NOOR AL-SIBAI at Raw Story

https://www.rawstory.com/2017/11/member-of-trumps-inner-circle-faces-questions-about-money-laundering-over-1-5-million-loan-to-manafort/

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As The Intercept noted on Monday, Barrack admitted to loaning Manafort $1.5 million in mid-October, before the latter was indicted on 12 charges related to his murky dealings with rich (and often hostile) foreign figures.

In an October 11 Washington Post interview, Barrack is painted as the figure who convinced Trump to hire his long-time friend and business associate Manafort. He also admitted to loaning the one-time campaign chairman millions “to refinance a home in the Hamptons” after the housing crisis of 2007.

Though Barrack claimed the loan was repaid within 14 months and was their “only financial transaction,” that admission “takes on new significance” in light of revelations stemming from Manafort’s indictment, according to The Intercept.

“The transaction could be entirely innocent and distinct from his alleged criminal scheme, but it fits into the pattern of loans described in Manafort’s indictment,” the website said.

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