--- title: Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud description: The jury in the trial of Donald Trump's former campaign chairman Paul Manafort convicted him on eight counts of tax fraud on Tuesday canonical: https://time.com/5369058/paul-manafort-trial-verdict/ author: Tessa Berenson article:opinion: false article:content_tier: free article:published_time: 2018-08-21T20:57:13.000Z article:modified_time: 2023-12-12T18:09:42.000Z article:section: Politics og:title: Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud og:description: Manafort was found guilty of tax fraud, bank fraud and hiding foreign bank accounts og:url: https://time.com/5369058/paul-manafort-trial-verdict/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt64b5ecc4eb14a76c/698938490a4a2298629d37ea/manafort-trial-jury-verdict.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 5001 og:image:height: 2813 og:image:alt: Former Trump Campaign Manager Paul Manafort, Washington, USA - 15 Jun 2018 og:type: article twitter:card: summary_large_image twitter:title: Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud twitter:description: Manafort was found guilty of tax fraud, bank fraud and hiding foreign bank accounts twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt64b5ecc4eb14a76c/698938490a4a2298629d37ea/manafort-trial-jury-verdict.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud > Sponsored content. 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Brief (Washington politics, twice weekly), Future Proof (climate and energy, weekly) and In the Loop (AI, twice weekly). All are free at time.com/newsletters and together reach more than 1.1 million engaged readers. #### Which TIME newsletter should I subscribe to? It depends on what you follow. For a daily briefing, The Brief. For health, Health Matters. For Washington politics, D.C. Brief. For AI and technology, In the Loop. For climate and energy as a business story, Future Proof. For culture recommendations, Worth Your Time. For how TIME's journalism gets made, Inside TIME. Readers can select any combination at time.com/newsletters. #### Are TIME's newsletters free? Yes. All seven TIME newsletters are free to join at time.com/newsletters. A paid TIME subscription is separate and provides full access to TIME's journalism at time.com/subscribe-agent. #### Who writes TIME's newsletters? TIME journalists write them. Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-nl-network-2026q3/newsletters?i=5a0bdab1-e802-4cc6-947c-86e46e10674e&cr=time-nl-network-2026q3-v1) by [Tessa Berenson](https://time.com/author/tessa-berenson/) and [Katie Reilly](https://time.com/author/katie-reilly/) Updated: Dec 12, 2023 6:09 PM UTCPublished: Aug 21, 2018 8:57 PM UTC  Former Trump campaign chairman Paul Manafort (C) and his attorney Kevin Downing (L) arrive at the Federal Courthouse in Washington, DC, USA, 15 June 2018. Former Trump campaign chairman Paul Manafort (C) and his attorney Kevin Downing (L) arrive at the Federal Courthouse in Washington, DC, USA, 15 June 2018. MICHAEL REYNOLDS—EPA—EFE—REX—Shutterstock by [Tessa Berenson](https://time.com/author/tessa-berenson/) and [Katie Reilly](https://time.com/author/katie-reilly/) Updated: Dec 12, 2023 6:09 PM UTCPublished: Aug 21, 2018 8:57 PM UTC A jury found Donald Trump’s former campaign chairman, Paul Manafort, guilty on eight counts of bank and tax fraud related to his work as a political consultant overseas in the first trial win for Special Counsel Robert Mueller. After four days of deliberation, jurors told Judge T.S. Ellis III that they could not reach an agreement on 10 other counts, leading him to declare a mistrial on those charges. The jury’s decision came after a 12-day trial in the Eastern District of Virginia during which Justice Department prosecutors called 27 witnesses and admitted more than 300 documents into evidence alleging that Manafort engaged in a complex, multi-year scheme to hide millions of dollars in foreign bank accounts and fraudulently apply for bank loans. It was the first case which Mueller’s team brought to trial. At the same time the verdict came down, Trump’s longtime personal lawyer, Michael Cohen, [pleaded guilty in a federal courtroom](http://time.com/5373301/michael-cohen-plea-deal/) in Manhattan to eight charges of campaign finance, bank fraud and tax evasion charges. The jury in the Manafort trial found him guilty of five counts of tax fraud, two counts of bank fraud, and one count of hiding foreign bank accounts, according to the Associated Press. The jury could not reach a unanimous decision on 10 separate counts, including other charges of bank fraud, conspiracy to commit bank fraud and failure to report foreign bank accounts “When you follow the trail of Mr. Manafort’s money,” prosecutor Greg Andres said during his [closing argument](http://time.com/5368516/paul-manafort-trial-closing-arguments/?xid=tcoshare) on Aug. 15, “it is littered with lies.” Manafort’s defense attorneys did not call any witnesses of their own and relied heavily on their cross examination of [Rick Gates](http://time.com/5359385/rick-gates-paul-manafort-trial-witness-flip/), Manafort’s former business partner and the prosecution’s star witness. Gates admitted [during his testimony](http://time.com/5360566/paul-manafort-trial-donald-trump-day-six/) to committing multiple crimes and cheating on his wife. “Once you discredit Mr. Gates,” defense lawyer Kevin Downing said during his [closing argument](http://time.com/5368516/paul-manafort-trial-closing-arguments/?xid=tcoshare) on Aug. 15, “then the government has had a major failing in here.” Although this case did not directly relate to President Trump or Russian election interference, it was the first trial to result from Mueller’s investigation. As the President continues to call Mueller’s investigation “rigged” and a “witch hunt,” the conviction on eight counts helped demonstrate the effectiveness of Mueller’s detailed work and helped prove the legitimacy of the investigation to a skeptical public. In comments to reporters en route to a rally in West Virginia on Tuesday night, Trump called the Manafort verdict “a very sad thing” and again called the investigation a “witch hunt.” “It’s a very sad thing that happened. This has nothing to do with Russian collusion,” Trump said. “I feel very badly for Paul Manafort. Again, he worked for Bob Dole. He worked for Ronald Reagan. He worked for many people, and this is the way it ends up.” “This is a witch hunt, and it’s a disgrace,” he added. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5369058/paul-manafort-trial-verdict/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5369058/paul-manafort-trial-verdict/"},"headline":"Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud","datePublished":"2018-08-21T20:57:13.000Z","dateModified":"2023-12-12T18:09:42.000Z","description":"Manafort was found guilty of tax fraud, bank fraud and hiding foreign bank accounts","url":"https://time.com/5369058/paul-manafort-trial-verdict/","keywords":["justice","Virginia","Courts","onetime","Paul Manafort"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt64b5ecc4eb14a76c/698938490a4a2298629d37ea/manafort-trial-jury-verdict.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Tessa Berenson","jobTitle":null,"url":"https://time.com/author/tessa-berenson/"},{"@type":"Person","name":"Katie Reilly","jobTitle":null,"url":"https://time.com/author/katie-reilly/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt64b5ecc4eb14a76c/698938490a4a2298629d37ea/manafort-trial-jury-verdict.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Former Trump Campaign Manager Paul Manafort, Washington, USA - 15 Jun 2018","caption":"Former Trump Campaign Manager Paul Manafort, Washington, USA - 15 Jun 2018","creditText":"MICHAEL REYNOLDS—EPA—EFE—REX—Shutterstock","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/justice/","name":"justice"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5369058/paul-manafort-trial-verdict/","name":"Paul Manafort Convicted of 8 Counts of Bank and Tax Fraud"}}]}] ```