In total, more than $75,000,000 flowed through offshore accounts. Manafort laundered more than $18,000,000, which he used to buy properties, goods, and services in the United States. He allegedly concealed that income from the United States Treasury, the Department of Justice, and others. Manafort, without reporting the income to his tax preparer or the United States, spent millions of dollars on luxury goods and services for himself and his extended family through payments wired from offshore nominee accounts to United States vendors. Manafort also used these offshore accounts to purchase multi-million dollar properties in the United States. Manafort then borrowed millions of dollars in loans using these properties as collateral, thereby obtaining cash in the United States without reporting and paying taxes on the income. In order to increase the amount of money he could access in the United States, Manafort defrauded the institutions that loaned money on these properties so that they would lend him more money at more favorable rates than he would otherwise be able to obtain.
Gates aided Manafort in obtaining money from these offshore accounts, which he was instrumental in opening. Gates also transferred more than $3,000,000 from the offshore accounts to other accounts that he controlled, to pay for his personal expenses, including his mortgage, children’s tuition, and interior decorating of his Virginia residence.