Former Trump campaign chairman Paul Manafort was sentenced Thursday to nearly four years in prison for tax and bank fraud related to his work advising Ukrainian politicians, much less than what was called for under sentencing guidelines. Manafort, sitting in a wheelchair as he deals with complications from gout, had no visible reaction as he heard the 47-month sentence. While that was the longest sentence to date to come from special counsel Robert Mueller's probe, it could have been much worse for Manafort. Sentencing guidelines called for a 20-year-term, effectively a lifetime sentence for the 69-year-old. Manafort still faces the possibility of additional time from his sentencing in a separate case in the District of Columbia, where he pleaded guilty to charges related to illegal lobbying. Before Judge T.S. Ellis III imposed the sentence, Manafort told him that "saying I feel humiliated and ashamed would be a gross understatement." But he offered no explicit apology, something Ellis … [Read more...] about Former Trump Campaign Manager Paul Manafort Gets 47 Months in Fraud Case in Va.
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Danielle Douglas-Gabriel, The Washington Post Published 3:15 pm PST, Monday, February 11, 2019 What if student loan payments were treated like Social Security taxes - automatically withheld from a person's paycheck? Fewer people would fall behind and risk having their wages garnished or credit score plummet. But some may struggle to cover living expenses if their education debt takes priority. Those are some of the central arguments in favor and against a novel policy gaining traction in Washington. Automatic payroll deduction for student loan repayment has long had broad support among liberal and conservative policy wonks, but it could come to fruition with the backing of Sen. Lamar Alexander, R-Tenn. The chairman of the Senate education panel hailed the idea last week in a speech outlining his priorities for reauthorizing the Higher Education Act of 1965, a federal law that governs almost every aspect of the sector. Although reauthorization has endured fits and starts … [Read more...] about Is this the way to curb student loan defaults?
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Nov. 10, 2018 / 4:32 AM GMT By Rich Schapiro When John Ruffo showed up at a federal courthouse in Brooklyn on Nov. 9, 1998, he already had a unique resume. NYU graduate. Computer expert. Convicted $350 million con man. Ruffo arrived at the courthouse to turn over the electronic monitoring bracelet he had been ordered to wear. His next stop was supposed to be a federal prison in New Jersey to start a 17-year sentence. But Ruffo never turned up at the prison. By that evening, he had gained another title: federal fugitive. Ruffo left a trail of wreckage in his wake — former business partners wiped out, family members, including his wife and mother, forced out of the homes they put up for his bond. Twenty years later, Ruffo’s whereabouts remain unknown. U.S. Marshals are still hunting for him. His former wife is still … [Read more...] about John Ruffo, elusive NYC swindler, still on the run after 20 years
Susan Svrluga, The Washington Post Published 3:56 pm PDT, Wednesday, September 26, 2018 An initiative designed to help college graduates who choose low-paying public-service jobs pay off their student loans is run in a confusing and piecemeal fashion, according to a government report. As a result, many borrowers are left wondering whether their federal student loans can be forgiven. Only a small number of people have had their debt discharged under the program, according to the Government Accountability Office, despite large numbers of college graduates applying for loan forgiveness. The Public Service Loan Forgiveness program was introduced in 2007 during the administration of President George W. Bush to encourage students to pursue public-service careers without being hobbled by debt. A year ago, the first borrowers became eligible for forgiveness after working for a decade in public-service jobs and making regular payments. While proponents say the program helps … [Read more...] about Few graduates working in public service have received expected break on loans
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by BySharon LaFraniere and Emily Baumgaertner Aug. 10, 2018 ALEXANDRIA, Va. — In late 2016, with mounting debts and his political consulting firm on the financial ropes, Paul Manafort sought millions of dollars of loans from Federal Savings Bank, a small Chicago bank whose chairman had political ambitions. The chairman, Stephen M. Calk, pushed the bank to loan Mr. Manafort $16 million, even though Mr. Calk’s top deputies had qualms about whether Mr. Manafort could pay them back, a former top bank official testified Friday as the prosecution wound up nine days of presenting evidence in Mr. Manafort’s trial on bank and fraud charges. The deputy, Dennis Raico, a former senior vice president at the bank and one of the prosecution’s final witnesses, said Mr. Calk wanted something … [Read more...] about Manafort Leaned on Ties to Trump to Win Loans, a Bank Official Testifies