The Trump-Russia scandal has taken a different turn today…right when you thought that wasn’t possible.
The New York Times has released a story about a shell company, which is registered in the name of Paul Manafort, Trump’s ex-campaign manager, that took in more than $13 million in loans from at several businesses with connections to Donald Trump. The shell company in question was created by Mr. Manafort on August 19th, 2016, the very day he quit his job as Trump campaign manager. And wouldn’t you know it…the loan money started coming in to the other businesses just a few weeks later.
Papers were recorded that same day [as Manafort’s resignation] creating a shell company controlled by Mr. Manafort that soon received $13 million in loans from two businesses with ties to Mr. Trump, including one that partners with a Ukrainian-born billionaire and another led by a Trump economic adviser. They were among $20 million in loans secured by properties belonging to Mr. Manafort and his wife.
The transactions raise a number of questions, including whether Mr. Manafort’s decision to turn to Trump-connected lenders was related to his role in the campaign, where he had agreed to serve for free.
You know, it’s only Wednesday, but we’re gambling that this may be the worst week of Mr. Manaforts career.
It may turn into Donald Trump’s worst week, if today’s news leads to more charges against Mr. Manafort. Stay tuned!