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The conviction certainly takes the wind out of Trumps "witch hunt" argument.
Anyone who still believes that tired meme is pretty much a hopeless dolt.
It doesn't. although I don't think it's a witch hunt. However, the term witch hunt means looking for something that can be categorized as evil when you don't even know what you're looking for, your just looking and hoping to find something. That's pretty much what happened here, but that's what happens in major federal investigations - again, not a witch hunt IMHO.
The Mueller Russia probe is about Russia and the Trump Campaign and was not about Manifort's bank fraud or anything else he was charged with and convicted. Just for clarity sake.