Gates admits he cheated on wife at Manafort trial

Gates, replying to a question by Downing, also said "it's possible" that he submitted personal expenses to be reimbursed by the inaugural committee. Manafort's lawyer Kevin Downing asked in the courtroom.

The judge then brought the trial to a standstill late Tuesday afternoon, calling a brief recess.

Downing also mentioned allegations of insider trading, and discussed Gates' relationship with film producer Steven Brown, who is accused of engaging in a scheme to defraud investors in D-list films. Both sides have agreed to limit discussion of the campaign to avoid prejudicing the jury, though they did permit testimony about the overlap of a bank loan with Manafort's role in the Trump election effort.

Gates elicited laughs from the crowd when he said he liked Downing's first answer.

Gates denied Downing's suggestion he used money stolen from Manafort's Cypriot accounts to pay for a trip to Las Vegas, audio equipment and groceries from a Whole Foods in Virginia.

Four employees at Dr. K's firm established and named the entities - Leviathan Ltd. and Peranova Ltd. are two of the more high-profile examples - where Manafort and Gates held millions of dollars of payments to Manafort's Davis Manafort Partners (DMP) and DMP International from their overseas political clients. They have tried several times to impugn his credibility before the jury.

Gates is cooperating in hopes of a lighter prison sentence.

"In Cyprus, they were documented as loans". In reality, it was basically money moving between accounts, " Gates said during his second day of testimony in the financial fraud trial of his former boss.

The defense in the trial of Paul Manafort went on the attack Tuesday against the government's star witness, Rick Gates. Gates also provided the first witness testimony that overlaps with Trump's presidential campaign.

In October 2016, for instance, Gates sent Manafort DMP's profit and loss statement (P&L) from January 1 through June 30 of that year, emails introduced in court Tuesday show.

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The email exchange about Calk occurred after Manafort left the Trump campaign but while Gates was active on the Trump inauguration committee.

Gates also testified on Tuesday how he and Manafort hid income earned for political work in Ukraine, explaining their efforts to set up companies in Cyprus so they could easily be paid by Ukranian businessman who held bank accounts there.

Gates pleaded guilty in February to one count of conspiracy against the United States and one count of lying to an Federal Bureau of Investigation agent in exchange for testifying against his former boss.

More broadly, this trial is a direct result of the special counsel's investigation into the Trump's campaign contacts with Russian Federation.

The face-off between longtime business associates and former senior members of the Trump campaign drew scores of people who waited in line for hours outside the courthouse and then jammed into both the courtroom and an overflow room that contained a video feed of the proceedings. He also committed credit card and mortgage fraud, falsified a letter for a colleague involved in an investment deal and made false statements in a deposition at Manafort's direction.

Prosecutors showed emails from Manafort urging Gates to find a position in the new Trump administration for Stephen Chalk, a banker who prosecutors say gave Manafort a loan based on fraudulent information.

Gates said Monday that over the years, Manafort directed him to make payments through wire transfers.

While reviewing another purported "loan agreement", Gates was asked what the objective of such documents were. "I already admitted on the record that I took unauthorised funds from Mr Manafort". Gates did not have a chance to respond to those allegations Monday. Manafort broke his stare only to review government exhibits on a small monitor in front of him.

Gates converted the 2015 DMP P&L to a Word document for Manafort, but there were spacing, font, and other discrepancies between that copy and the original. It's a practice he has admitted to doing to the tune of hundreds of thousands of dollars from Manafort, and under pressure from Downing, he agreed that it could be called embezzlement.

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