Federal prosecutors worry that Paul Manafort is using a shell company to claw-back $1 million from the federal government, CNN reported on Saturday.
As part of his guilty plea, Manafort agreed to forfeit $46 million for his crimes.
CNN explained Manafort, “could be using the same type of shell company at the core of his legal problems to fake a loan.”
“A mysterious shell company named Woodlawn LLC — which formed in the middle of special cousel Robert Mueller’s investigation into Manafort in August 2017 — claimed in court that it deserves $1 million from Manafort’s forfeiture proceeding,” CNN reported. “The company says Manafort, who was Donald Trump’s presidential campaign chairman, still owes that amount to pay back a 2017 mortgage loan.”
In a Saturday court filing, prosecutors said they could not tell if the loan was “a real or sham transaction.”
More information “is necessary because the United States lacks information to be able to discern whether Woodlawn is a person other than the defendant,” the prosecutors explained.