The Russia probe is making millions by catching serial tax cheats
The special counsel’s spending on the Russia probe has now exceeded $25 million, according to the Department of Justice, but the investigation has likely netted far more in recouped losses for the government than it has spent. Fortune writes:
Paul Manafort, Trump’s former campaign chairman, was sentenced for conspiracy and obstruction of justice in September. As part of his plea deal, Manafort agreed to forfeit assets that amount to between $42 million and $46 million, including about $22 million in property, CNBC reports.
Likewise, the guilty plea of Michael Cohen, Trump’s former fixer and lawyer Michael Cohen, included paying $1.4 million he owed in back taxes along with a $100,000 fine and forfeiting $500,000 in assets. All in all the gains amount to an estimated $48 million bump for the federal government stemming from the tax evasion charges.
Trump has sometimes fretted over spending on the probe, but now he can relax. All his crooked associates are more than making up for what it has cost the government thus far to take them down.