NYT: After he left campaign Manafort recieved $ 20 million in loans from Trump friendly companies

[grantcart]

On the same day he stepped away from the campaign he set up a shell company

https://www.nytimes.com/2017/04/12/us/politics/paul-manafort-donald-trump.html?_r=1

Aug. 19 was an eventful day for Paul Manafort.

That morning, he stepped down from guiding Donald J. Trump’s presidential campaign, after a brief tenure during which Mr. Trump won the Republican nomination, Democrats’ emails were hacked and the campaign’s contacts with Russia came under scrutiny. Dogged by revelations about past financial dealings in Ukraine, Mr. Manafort retreated from public view.

But behind the scenes, he was busy with other matters. Papers were recorded that same day creating a shell company controlled by Mr. Manafort that soon received $13 million in loans from two businesses with ties to Mr. Trump, including one that partners with a Ukrainian-born billionaire and another led by a Trump economic adviser. They were among $20 million in loans secured by properties belonging to Mr. Manafort and his wife.

The purpose of the loans is unstated in public records, although at least some of them appear to be part of an effort by Mr. Manafort to stave off a personal financial crisis stemming from failed investments with his son-in-law.

Same day, the same day.

[Blue_Roses]

1. Hmmm...

maybe he used the loans to buy his percentage of the 19% of Rosneth that was sold to private foreign buyers. Makes sense since the account was set up in the Caymen Islands. No one knows who the buyer(s) are for that 19%. ( IC probably does though)

Good article explaining it:

How Russia sold its oil jewel - without saying who bought it.

More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it.

more here:

https://www.google.com/amp/www.cnbc.com/amp/2017/01/25/how-russia-sold-its-oil-jewel--without-saying-who-bought-it.html

[TheBlackAdder]

2. Were they loans or "loans" (wink wink)?

[Tommy_Carcetti]

3. Gee, I wonder why he took the job for free. nt

[spanone]

4. i can't wait to see what fortunes the trump kids extort from the world

[Blue_Roses]

5. K&R

They always say to follow the money if you want to know the truth.

[Blue_true]

6. So much for draining the swamp. nt