How the Russia probe is making millions by catching serial tax cheats

How 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.

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

DonateDonate by credit card


Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.