Gates back on stand in Manafort trial

By Associated Press

The star witness for the government in Paul Manafort’s financial fraud trial is returning to the witness stand.

Rick Gates, the longtime deputy of the former Trump campaign chairman, is continuing to relate the crimes he says he committed with Manafort.

Gates resumed his testimony Tuesday, a day after telling jurors how he helped Manafort hide millions of dollars in offshore accounts from the IRS and later aided him in fraudulently obtaining bank loans. Gates also admitted to embezzling hundreds of thousands of dollars from Manafort.

Gates is testifying as part of a plea deal he made with the government earlier this year. Manafort faces the potential of spending the rest of his life in prison.

Manafort’s defense has sought to blame Gates for any crimes.

12:23 a.m.

The star witness in the financial fraud trial of President Donald Trump’s former campaign chairman is set to return to the witness stand after telling jurors he himself embezzled hundreds of thousands of dollars from his old boss.

Rick Gates is expected on Tuesday to continue describing the ins-and-outs of defendant Paul Manafort’s finances, including what prosecutors say was an elaborate offshore tax-evasion and fraud scheme.

Gates is almost guaranteed to face withering cross-examination by Manafort’s defense attorneys, who are seeking to blame any crimes on Manafort’s onetime associate.

On Monday, Gates calmly acknowledged having embezzled hundreds of thousands of dollars from Manafort by filing false expense reports. He said the two committed crimes together by stashing money in foreign bank accounts and falsifying bank loan documents.

This article provided by NewsEdge.