Rick Gates Delivers a Public Lesson on Money Laundering and Political Corruption

Tuesday was Rick Gates’s second day testifying as a witness for the prosecution in the trial of Paul Manafort, his former boss, and he spent a lot of time explaining how money flowed from Ukraine, where he and Manafort had a run of lucrative years doing consulting work for pro-Russian interests, to shell companies in Cyprus, to other shell companies in the Caribbean, and eventually to the United States. In the afternoon, Gates was subjected to a withering cross-examination by Manafort’s lawyer, Kevin Downing, during which he admitted that he’d had an extramarital affair and that he’d repeatedly stolen money from Manafort.

It’s not clear yet how Gates’s testimony will affect the outcome of the trial, in which Manafort is charged with tax evasion, bank fraud, and failing to disclose foreign bank accounts. But his time on the witness stand provided

... read more at: https://www.newyorker.com/news/our-columnists/rick-gates-delivers-a-public-lesson-on-money-laundering-and-political-corruption