Offbeat: Companies controlled by Rick Gates took in cash from fraud-linked accounts - - PressFrom - US
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Offbeat Companies controlled by Rick Gates took in cash from fraud-linked accounts

00:56  09 august  2018
00:56  09 august  2018 Source:   latimes.com

Rick Gates — and the lies he’s admitted telling — to take center stage at Manafort trial

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Two companies controlled by Paul Manafort’s former right-hand-man, Rick Gates , received more than 0,000 in 2015 from accounts linked to a multi-million dollar fraud scam, according to filings in a federal lawsuit. The money was connected to a scheme perpetrated by two movie producers

Companies . Salaries. Universities. Guest Controls .

Donald Trump wearing a suit and tie: Donald Trump, left, and Rick Gates on stage during the sound checks in Quicken Arena for the Republican National Convention on July 21, 2016 in Cleveland, Ohio. Gates is expected to plead guilty in the Russia investigation. © Mark Reinstein/Zuma Press/TNS Donald Trump, left, and Rick Gates on stage during the sound checks in Quicken Arena for the Republican National Convention on July 21, 2016 in Cleveland, Ohio. Gates is expected to plead guilty in the Russia investigation.

WASHINGTON - Two companies controlled by Paul Manafort's former right-hand-man, Rick Gates, received more than $200,000 in 2015 from accounts linked to a multimillion-dollar fraud scam, according to filings in a federal lawsuit.

The money was connected to an alleged scheme perpetrated by two movie producers, a Hollywood agent and a Republican fundraiser charged by federal prosecutors with swindling as many as nine investors out of millions of dollars. But the money didn't go to movies, instead it went to personal expenses, including homes, yacht payments and a Jaguar.

Paul Manafort trial: Takeaways from day five

  Paul Manafort trial: Takeaways from day five The fifth day of former Trump campaign chairman Paul Manafort's trial, after a weekend break, surprised the attendees in the courtroom when prosecutors called Manafort's longtime deputy Rick Gates to testify. Here are four takeaways from the afternoon in court Monday:1. The day the courtroom was waiting for Gates came out swinging from the witness box. Without smiling or pausing, he told the jury he had knowingly committed crimes "at Mr. Manafort's direction.

Rick Gates , right, during his cross-examination on Tuesday © AP. The case resulted from the Mueller investigation into links between the Trump campaign and the Russian government. On Monday and Tuesday, Mr Gates testified that Mr Manafort kept his accountants and book-keeper in

Here are several ways in which cash fraud can be committed The person delivering cash deposits to the bank can remove cash from the pouch on the way to the bank. One of the easier ways to abscond with cash is to take cash out of the petty cash box when it is unguarded.

The money flowed in to Gates' companies during a period when Gates' and Manafort's lucrative foreign political work was starting to dry up, according to Gates testimony Tuesday in Manafort's federal trial on multiple tax and bank fraud charges brought by special counsel Robert Mueller. Manafort was President Donald Trump's campaign chairman.

It's not clear what the payments were for. Gates admitted in court Monday that he had written a letter on Brown's behalf overstating Brown's income.

Gates' lawyer, Tom Green, did not immediately respond to a message seeking comment from McClatchy.

Gates pleaded guilty earlier this year to helping Manafort avoid paying taxes on income earned overseas and lying to the FBI. Gates was offered a reduced sentence for providing assistance to the government and he is considered a crucial witness in the trial against Manafort.

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Rick Gates , a former adviser to President Trump's campaign, is set to finalize a plea deal with special counsel Robert Mueller, CNN reported on Thursday. Gates and former Trump campaign chairman Paul Manafort were charged last October with 12 counts related to money laundering, tax fraud , and

“ Gates helped maintain these accounts and arranged substantial transfers from the accounts to both Manafort and himself,” prosecutors argued in the Mr. Deripaska has been denied a visa to travel to the United States because of allegations that he is linked to organized crime operations, claims he

One of the two Gates companies - Bade LLC - was the same entity through which the Republican National Committee paid Gates for his work on behalf of the Trump campaign. Gates also admitted Tuesday under questioning from Manafort's lawyers that he had embezzled money from one of Manafort's accounts and moved it to Bade LLC.

"We now know that Mr. Gates was in severe need of income," said Ross Delston, a D.C.-based lawyer and anti-money laundering expert.

The other entity, Map Global Holdings LLC, is controlled by both Gates and Steven Brown, one of the alleged perpetrators of the movie fraud scheme. Brown is the only one of the four conspirators who has not pleaded guilty for his alleged role in the scheme.

As McClatchy previously reported, he and Gates produced several films together and Brown also did political work with Gates and Manafort in 2012 and 2013 on behalf of the Ukrainian Party of Regions - work that Manafort and Gates failed to disclose until 2017.

Star witness Gates to testify for third day in Manafort trial

  Star witness Gates to testify for third day in Manafort trial U.S. President Donald Trump's former deputy campaign manager Rick Gates will take the stand for a third day on Wednesday, after admitting he stole money from his former boss Paul Manafort and helped falsify documents to avoid taxes.Gates, 46, is expected to be cross-examined for about another hour by Manafort's attorney Kevin Downing before prosecutors get a second chance to try and undue some of the possibly damaging testimony he gave during their redirect.

WASHINGTON — Former campaign aide Rick Gates pleaded guilty Friday to conspiracy and making a false statement, becoming the third associate of President Donald Trump to make a cooperation deal with special counsel Robert Mueller. The plea turns up the pressure on Paul Manafort, a close

Rick Gates , an associate of Paul Manafort, the former Trump campaign chairman, in April. As Mr. Manafort’s business associate, Mr. Gates ’s name is listed on documents that are linked to companies Mr. Manafort’s firm established in Cyprus for payments from politicians and businesspeople in Eastern

The 2015 payments to Bade LLC and Map Global Holdings were revealed in a lawsuit brought by one of the defrauded movie investors against lawyers who handled the finances for Brown and his alleged co-conspirators.

Mueller's team indicated in a March filing that they were aware of Gates' business relationship with Brown, but never brought charges against Gates connected to the movie fraud.

"Prosecutors don't typically overcharge the case," said Jack Blum, a lawyer and former Senate investigator who is an expert on white-collar financial crime and tax evasion. "If you've got a crook who you know has committed 100 crimes, you pick the 12 or 15 juiciest ones."

But even if Gates was given immunity from any crimes connected to the alleged movie fraud, he could still face consequences if he was involved.

"There's no way the feds could shield Mr. Gates from civil liability brought by defrauded investors," Delston said.

Visit the McClatchy Washington Bureau at www.mcclatchydc.com

3 Key Points in Manafort Defense’s Closing Argument .
Paul Manafort’s lawyers presented their final argument Wednesday, defending the former Trump campaign chairman from 18 charges of tax evasion, bank fraud, and bank fraud conspiracy. Manafort faces up to 305 years in prison if the Eastern Virginia jury finds him guilty on all charges. Prosecutors bear the burden of proof in the United States, defense attorney Richard Westling reminded jurors. Special counsel Robert S. Mueller III’s team, which is prosecuting Manafort, did not reach that evidential threshold, Westling said.Here are the defense’s three main arguments why:1.

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