U.S. Markets closed

Manafort trial: Former Trump campaign manger found guilty on eight counts of tax and bank fraud

Mythili Sampathkumar, Clark Mindock

The jury in the financial fraud trial of Donald Trump‘s former campaign chairman, Paul Manafort, has found him guilty on eight counts of bank and tax fraud, but was unable to reach a consensus on 10 other charges.

The convictions mark the first trial victory stemming from the Russia investigation being led by special counsel Robert Mueller, and which is working to determine to what extent — if any — members of the Trump 2016 campaign colluded or worked together with Russian officials to impact the outcome of that election. At least four individuals who worked on the 2016 campaign have pleaded guilty to charges stemming from Mr Mueller's investigation.

While observers have suggested that the guilty verdict against Mr Manafort could impact others in Trump's orbit, the charges he faced were not directly related to his work for the Trump campaign — though some of the alleged actions brought up by prosecutors did occur while Mr Manafort worked for the campaign.

Please wait a moment for the blog to load