Paul Manafort Reaches $11M Bond Deal with Mueller's Team

The properties include his Alexandria, Va., condominium, where he has been detained on house arrest, his vacation home in the Hamptons, a second vacation home in Palm Beach, Fla., and an apartment in New York City.

Manafort, who served as President Donald Trump's campaign manager between April and August of 2016, was indicted late last month alongside his longtime business associate Rick Gates on charges that included money laundering, tax fraud, and failure to register as a foreign agent.

In the days after they were charged, lawyers for both Manafort and Gates expressed confidence that they would quickly be freed on bail. "The OSC has agreed that the properties posted provide the reasonable assurance required under the Bail Reform Act", Mueller's attorneys wrote.

The proposed deal is being presented to U.S. District Judge Amy Berman Jackson for her approval.

He has also agreed to restrict his travel to surrounding states.

Manafort has agreed to an $11.65million bail agreement with the special counsel investigating Trump campaign ties to Russia. Special Counsel Robert Mueller is seen above in Washington on June 21
Paul Manafort proposes $11 million bail agreement to end house arrest

The deal would allow Manafort to travel throughout New York, Florida and Washington D.C.

"Simply put, Mr. Manafort's family would face severe economic consequences if he were not to appear as required", his lawyers said, calling the sum "a substantial portion" of assets "accumulated over a lifetime of work".

Meanwhile, Manafort's defense rebutted prosecutors' assertions that he poses a risk of flight based on his ownership of three passports, and on the registration in May of a phone and email account under an alias that Manafort used to travel to Ecuador, China and Mexico. Together, the four homes have a total net assessed value (deducting outstanding mortgages and other obligations) of $11.7 million, according to court documents.

Former Trump campaign chairman Paul Manafort.

Mueller's prosecutorial team previously asked that Manafort's bail be set at $10 million to ensure that he would show for trial, which is set to take place sometime next year.

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