Number of counts: 4 counts of bank fraud; 5 counts of bank fraud conspiracy
Maximum prison sentence per count: 30 years
During the trial, prosecutors alleged that Manafort resorted to bank fraud to obtain loans for himself after Yanukovych was deposed as the leader of Ukraine in 2014, which dried up Manafort’s lucrative stream of income.
Manafort and Gates are accused of defrauding U.S. banks and other lenders by lying about Manafort’s income, debt and the nature of his real estate properties.
Prosecutors also allege Manafort and Gates knowingly doctored financial documents. One of Manafort’s accountants testified under immunity during the trial that she had been asked to misrepresent Manafort’s income by Gates.
The indictment alleges Manafort falsely claimed that a New York City condo was “owner-occupied” instead of rented in order to get more money when applying for a $3.4 million mortgage in late 2015.
It also says Manafort defrauded another lender by falsely overstating the 2015 income of one his businesses by more than $4 million, among other charges.