As part of his plea agreement, Manafort has admitted his guilt to the rest of the bank fraud counts in Virginia, and in return, the government will not retry the other counts in which a mistrial was declared.
Manafort, 69, pleaded guilty in a Washington DC, courthouse on Friday to conspiring to defraud the U.S. and conspiring to obstruct justice. "MANAFORT generated more than 60 million dollars in income as a result of his Ukraine work".
The filing also offers new details about the various ways in which Manafort sought to surreptitiously lobby the USA government and influence American public opinion toward Ukraine.
Manafort's second trial would have been related to Ukrainian political consulting work, including failing to register as a foreign agent.
The federal government's statement of offense against Paul Manafort was released Friday, outlining the evidence underlying their case. He will also forfeit four homes and money in several bank accounts, according to the Times. The 69-year-old political consultant was convicted last month in federal court on charges of bank and tax fraud.
Another conviction would cap a dramatic fall for the worldwide power broker and confidant of Republican presidents dating back to Ronald Reagan. The crimes Manafort has been convicted of are not directly connected to Trump and his campaign in any way and majority preceded Manafort's work for Trump.
No matter how you look at it, this deal has to be seen as a massive victory for Mueller and his special counsel team. Manafort also hid the millions of dollars he made from that work from the US government and asked witnesses to lie to the jury in the trial he has now avoided.
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Manafort was going to prison one way or another. He is also accused of tampering with witnesses in the case.
Cohen has been warned to face three to five years in jail when he is sentenced in December. The jury was deadlocked on the remaining 10 counts, which ended in mistrial.
It's unclear which charges Manafort is pleading guilty to.
Manafort is the fifth Trump associate to plead guilty to felony charges during the Trump presidency.
The president has signalled that he's sympathetic to Manafort's cause, and in comments to Politico, his attorney-spokesman Rudy Giuliani said a plea without a cooperation agreement wouldn't foreclose the possibility of a pardon. The president agreed to wait at least until the investigation concludes, Giuliani has said.
The plea was all the more stunning for the fact that Manafort is the fifth Trump aide to plead guilty in connection to the special counsel's probe.
"For months, as part of their joint defense agreement, they would have been strategizing together", Schiff noted, adding that Manafort might be able to share information on "what conversations" Trump might have had with Manafort "after the charges were brought against him".
Then came Friday's extraordinary development when Manafort agreed to provide any information asked of him, testify whenever asked and even work undercover if necessary. Trump has said previously that he doesn't like flippers, but Manafort has clearly flipped.
Schiff noted that Mueller would want to know what Manafort can tell him about the "background to the Trump Tower meeting, what took place at the Trump Tower meeting, and what took place after the Trump Tower meeting".