Mueller looking into $1 million loan to Manafort after FBI raid

Source: The Hill | February 8, 2019 | John Bowden

Prosecutors working for special counsel Robert Mueller said in court filings this week that they want to know more about a $1 million loan made to Paul Manafort’s family days after the FBI raided his home in 2017, Bloomberg News reports.

Manafort, the onetime Trump campaign manager who is awaiting sentencing on numerous financial crimes related to his lobbying work for pro-Russia parties in Ukraine, guaranteed the loan from a Nevada-based company called Woodlawn LLC.

Manafort’s family secured the loan through their interest in a condominium in Manhattan, according to court papers reported by Bloomberg.

U.S. prosecutors are trying to seize the condo after Manfort’s conviction, leaving Woodlawn seeking to stake a claim on the condo so it can collect on the debt.

Prosecutors said in the court filing Thursday that “additional information and evidence will be necessary to evaluate the nature and extent of Woodlawn’s claims” on the Manhattan apartment.

Woodlawn installed former Hollywood bit player Joey Rappa as its “managing member” in public fillings, Bloomberg reported. Rappa’s appointment was meant to allow the loan’s funder to remain anonymous and avoid embarrassment, a lawyer for the lender told the outlet.

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