Former Trump Campaign Chair Manafort Will Cooperate with Mueller
*By Carlo Versano*
President Trump's former campaign chair Paul Manafort is, as of Friday, the latest of the president's ex-associates to plead guilty to felony charges.
Manafort was convicted in federal court in August of eight financial fraud charges, though "this is the first time time Paul Manafort has ever admitted to committing a crime," Ben Dreyfuss, editorial director of Mother Jones, said.
Friday's plea deal was related to a separate set of charges for which the former political consultant was awaiting trial.
As part of the plea, Manafort will cooperate with Special Counsel Robert Mueller's investigation into Russian interference in the 2016 presidential election.
That is "massive news," Dreyfuss said.
Trump praised Manafort as a "brave man" when he was found guilty of bank and tax fraud last month ー roughly the same hour when Trump's former consigliere Michael Cohen was offering to cooperate, much to the chagrin of the president.
Manafort's lawyer said Friday his client had offered "full cooperation," though as Dreyfuss noted, no details have been made public yetー and what specifically Manafort could offer prosecutors remains unknown.
"No one knows what he could say except for Trump himself," Dreyfuss said.
Russian lawmakers have given President Vladimir Putin a military force authorization in Ukraine, and President Biden has described Putin's announcement declaring the independence of two provinces within Ukraine and his subsequent deployment of peacekeepers as tantamount to "invasion. David Tafuri, a former Obama campaign foreign policy advisor and Bush State Department official, joined Cheddar News to discuss. "The Ukrainian military occupies more than 70 percent of those provinces still," Tafuri said, noting Putin alleged having a responsibility to defend those regions. "This would put Ukrainian forces and Russian forces right at each other engaged. And that might be how the war starts."
The major indexes ended Tuesday's session sharply lower due to escalating tensions between Russia and Ukraine. Bill Stone, Chief Investment Officer at The Glenview Trust Company, joins Cheddar News' Closing Bell, where he reminds viewers that Wall Street doesn't like uncertainty, and more of the recent losses are due to geopolitics than inflation.
Karim Hijazi, CEO of Prevailion, joins Cheddar News' Closing Bell, where he says that crypto's decentralized nature will pose obstacles for the FBI's new crypto unit, but it will also make progress with items such as managing fraudulent exchanges.
The Retail Industry Leaders Association released a report alleging the safety risks, economic losses, and potential job losses they link to a surge in shoplifting crimes in the United States. Lisa LaBruno, senior EVP of retail operations at the trade organization, joined Cheddar News to discuss the impact of websites that allow for the resale of unverified goods and passing the INFORM Consumers Act to stamp it out. “We need to hold the online marketplaces accountable for being a favored venue for criminals to resell stolen product," LaBruno said. "And that is exactly what the INFORM Act is designed to do."
The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks.
Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions.
President Biden says he’s “convinced” that Russian President Vladimir Putin has decided to launch a further invasion of Ukraine, saying Friday he has “reason to believe” it will occur in the "coming days."
