The newly-announced plea deal between Paul Manafort and the special counsel's office includes a 10-year cap on how long the former Trump campaign chairman will be sent to prison, Politico reported Friday.
Jurors in Virginia last month found Manafort guilty, in a separate case, on two counts of bank fraud, five counts of tax fraud and one charge of failing to disclose foreign bank accounts, giving special counsel Robert Mueller a victory in the first trial arising from his investigation of Russia's role in the 2016 US election.
A jury convicted Manafort last month on eight felony charges, including tax fraud and bank fraud.
It's the type of filing typically seen before a plea deal.
It is not clear whether any agreement with prosecutors would require Manafort to co-operate with special counsel Robert Mueller's ongoing investigation into possible co-ordination between the Trump campaign and Russian Federation.
As much evidence as Mueller's team had against Manafort in the first trial, they have even more evidence in the second trial.
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As part of the deal, Mr Manafort, 69, could be required to cooperate with Mueller's probe into Russia's role in the 2016 presidential election and whether Trump's campaign colluded with Moscow. Trump has raised the idea of a pardon for Manafort with White House aides and others, a source told NPR. Either he has offered some form of cooperation, one source familiar with the case explained, or the government has concluded that it has hit him with a sufficient number of charges and following through with a second trial is not worth the time and expense.
The high-profile lobbyist is expected to appear in court later Friday morning at 11 a.m. EST. He had been jailed since June as a result of the witness tampering charges.
Rick Gates, Manafort's former business partner and the campaign's deputy chairman, pleaded guilty to lesser charges in exchange for his cooperation, later testifying against Manafort in Virginia.
"It's not going to hurt him if he pleads guilty". "MANAFORT generated more than 60 million dollars in income as a result of his Ukraine work".
Manafort joined the Trump campaign in March 2016 and was elevated to chair in May.
Prosecutors "applied tremendous pressure on him and. he refused to "break" - make up stories in order to get a 'deal, ' " the president tweeted last month.