Paul Manafort signals he intends to plead guilty before new trial

Paul Manafort signals he intends to plead guilty before new trial

In exchange, Manafort will plead guilty to one count of conspiracy against the United States and one count of conspiracy to obstruct justice through witness tampering.

The 69-year-old political consultant was convicted last month in Alexandria, Virginia federal court on charges of bank and tax fraud.

Such filings typically indicate that a deal has been reached.

"We don't have all the details yet but I'd say the signs for Donald Trump aren't very good because.Manafort will know a lot about Donald Trump and his dealings, not just in America but overseas".

A juror in the Virginia case said she discounted testimony from Gates but found the documents that prosecutors introduced to be "overwhelming" in favor of conviction.

It is not clear whether any agreement with prosecutors would require Manafort to co-operate with special counsel Robert Mueller's ongoing investigation into possible co-ordination between the Trump campaign and Russian Federation.

"If he's helping out Mueller, that's more bad news for Trump".

So far, Manafort has refused to turn on his former boss - unlike other Trump administration figures - and there has been speculation that he is waiting on a pardon from the president at some later date.

Another approach would be for him to plead guilty without cooperating in hopes of a presidential pardon.

The plea deal precludes the need for the second trial, sparing Manafort the steep legal fees of a second round of prosecution. Jackson is allowing prosecutors to mention that Manafort was campaign chairman in August 2016 when press reports, including articles by The Associated Press, called attention to his lobbying work on behalf of former Ukrainian President Viktor Yanukovych and the pro-Russian Party of Regions.

A hearing in the case scheduled for Friday morning was pushed back, according to the federal court's electronic filing system. He had been jailed since June as a result of the witness tampering charges. Add Russia Investigation as an interest to stay up to date on the latest Russia Investigation news, video, and analysis from ABC News.

The punishment that Manafort may receive related to his D.C. case, and any cooperation he may have offered the government, weren't immediately clear. And during his Virginia trial in August, Manafort's lawyers spent considerable time painting Gates as a liar, embezzler, philanderer and turncoat who would say anything to get a lighter prison sentence.

This is a breaking news story and will be updated.

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