(NEW YORK, NY) — Paul Manafort pleaded guilty to two criminal counts last Friday and has agreed to cooperate with special counsel Robert Mueller’s investigation.
In accordance with the plea deal, Manafort will forfeit five New York homes worth an estimated $22 million.
Amongst the five homes is a 5,574-square-foot Hamptons estate. This mansion is estimated to be worth over $7 million and is equipped with ten bedrooms, six bathrooms, a swimming pool, tennis court, and basketball court.
BREAKING: Paul Manafort’s prized Hamptons estate — where hundreds of red and white flowers are planted in the shape of an M — now goes to the U.S. government for auction. https://t.co/QyIzUp7kkP via @bpolitics pic.twitter.com/InIKTRI9T3
— Mike Dorning (@MikeDorning) September 14, 2018
Manafort will also forfeit two apartments in SoHo with market values estimated at $4.1 million and $3.1 million, an apartment in the Trump Tower on Fifth Avenue worth an estimated $3 million, and a Brooklyn brownstone in Carroll Gardens worth around $4 million.
The properties will eventually be up for sale through government auctions. Alongside the homes, Manafort will also forfeit the contents of three of his bank accounts and a life insurance policy.
While Friday’s deal resulted in the forfeit of millions, Manafort will keep around $6 million worth of real estate with properties in Palm Beach and Virginia.
