Banking & Finance

Just a Little More Time — But No Verdict in Paul Manafort’s Trial
Jurors ask to extend their deliberations on Monday

Jurors in Paul Manafort’s bank fraud and tax evasion case extended their deliberations on Monday.  (Photo by Alex Wong/Getty Images)

Judge T.S. Ellis III set Room 900 at the Albert V. Bryan courthouse in Alexandria, Va., abuzz just before 5 p.m. Monday when he announced that the jury in the trial of former Trump campaign chairman Paul Manafort had asked to extend their deliberations for the day to 6:15 p.m. — 45 minutes longer than they have been dismissed previously.

Reporters jockeyed for prime seats. Some created handmade signs indicating through a glass window to their colleagues just outside the courtroom a guilty or not guilty verdict for each of the 18 charges Manafort faces on tax evasion and bank fraud.

Mother and Daughter Caught Up in Chris Collins’ Scandal Agree to Forfeit ‘Ill-Gotten’ Gains
Lauren Zarsky was the girlfriend of Collins’ son

Rep. Chris Collins, R-N.Y., was indicted for insider trading, along with his son Cameron and the father of Cameron’s then-girlfriend. (Bill Clark/CQ Roll Call file photo)

A mother-daughter pair caught up in New York Rep. Chris Collins’ alleged insider trading scandal have agreed to forfeit more than $42,000 of “ill-gotten” gains, according to media reports.

Lauren and Dorothy Zarsky agreed to pay a combined $42,040 to the Securities and Exchange Commission to avoid any federal charges related to Collins’ insider trading accusations, WHAM and the New York Law Journal reported Friday, citing court records.

3 Key Points in Manafort Defense’s Closing Argument
Prosecutors bear the burden of proof in the U.S., Manafort’s lawyers remind jury

Former Trump campaign chairman Paul Manafort, here in November 2017, faces up to 305 years in prison if the Eastern Virginia jury finds his guilty on all charges. (Bill Clark/CQ Roll Call file photo)

Paul Manafort’s lawyers presented their final argument Wednesday, defending the former Trump campaign chairman from 18 charges of tax evasion, bank fraud, and bank fraud conspiracy.

Manafort faces up to 305 years in prison if the Eastern Virginia jury finds him guilty on all charges.

Chris Collins Suspends Campaign Just Days After Criminal Indictment
New York Republican faces charges related to insider trading

Rep. Chris Collins, R-N.Y., has suspended his re-election campaign after his arrest and indictment earlier this week on charges related to securities fraud. (Tom Williams/CQ Roll Call file photo)

New York Republican Rep. Chris Collins, who was arrested and indicted on charges related to securities fraud earlier this week, has suspended his re-election campaign.

“Democrats are laser focused on taking back the House, electing Nancy Pelosi Speaker and then launching impeachment proceedings against President Trump,” Collins said in a statement Saturday. “They would like nothing more than to elect an ‘Impeach Trump’ Democrat in this District, which is something that neither our country or my party can afford.”

3 Takeaways From Day 8 of the Paul Manafort Trial
Who lied on a bank loan application? Was it Manafort, Gates or both?

A protester on July 31 outside the United States District Court in Alexandria, Va., where Paul Manafort is standing trial. (Sarah Silbiger/CQ Roll Call)

Day Eight of the Paul Manafort trial brought special counsel Robert S. Mueller III’s prosecution team closer to the finish line of its case against the former Trump campaign chairman.

Prosecutors zeroed in on the loan fraud charges against Manafort, who faces 18 total counts of tax evasion and bank fraud and a maximum 305-year prison sentence if the Eastern Virginia jury finds him guilty.

Collins Paints Himself as Medical Patron, Won’t Drop Re-Election Bid
Defiant New York Republican says he’s not going anywhere as he fights insider trading charges

Rep. Chris Collins, R-N.Y., shown here on June 20, called a Wednesday evening press conference about his indictment and then delayed it several times. (Bill Clark/CQ Roll Call file photo)

Rep. Chris Collins announced Wednesday night he will stay in office and remain in his race for re-election, calling criminal insider trading charges filed against him earlier in the day “meritless.”

The New York Republican highlighted his long affiliation with Australian biotechnology company Innate Immunotherapeutics, saying he was the biggest investor and lost most of the money he invested when it failed a clinical drug trial to treat multiple sclerosis.

3 Takeaways from Day 7 of the Manafort Trial
Damaging evidence is piling up, while prosecutors annoy the judge

People line up outside the Albert V. Bryan U.S. Courthouse to see the trial of former Trump campaign chairman Paul Manafort on Wednesday in Alexandria, Virginia. Manafort has been charged with bank and tax fraud (Photo by Chip Somodevilla/Getty Images)

Day seven of the Paul Manafort trial took a technical turn Wednesday, an indication that prosecutors could be wrapping up their case against the former Trump campaign chairman.

Rick Gates, Manafort’s longtime deputy and the prosecution’s star witness, walked out of the courtroom late Wednesday morning after more than 10 hours of testimony that spanned three days.

3 Eye-Popping Details in the Chris Collins Case Documents
Bad news at the White House, in-law joint indictments and prior knowledge

The events leading to Rep. Chris Collins, R-N.Y., arrest are eye-catching. (Bill Clark/CQ Roll Call)

New York Republican Rep. Chris Collins was arrested Wednesday on charges including insider trading and lying to authorities. The indictment documents and related complaint from the Securities and Exchange Commission illuminate a wild chain of events that led to the arrest.

Here are three of the most eye-popping details from the documents:

Fate of Wall Street Watchdog Devolves Into a Squabble Over Acronyms
To many, the Consumer Financial Protection Bureau is the CFPB. Conservatives say that doesn’t even exist

Progressives are already upset with CFPB Acting Director Mick Mulvaney. Now they have something else to be angry about: semantics. (Tom Williams/CQ Roll Call file photo)

Only in Washington would an argument erupt over a federal agency’s acronym.

To progressives, the agency is the Consumer Financial Protection Bureau, or the CFPB, which took on Wall Street and won compensation for more than 27 million consumers during its startup years under former Director Richard Cordray.

3 Takeaways from Day 6 of the Manafort Trial
Credibility of longtime deputy could be critical to prosecution

Day 6 of Paul Manafort’s tax evasion and bank fraud trial featured testimony from longtime Manafort deputy Rick Gates. (Photo by Zach Gibson/Getty Images)

Day Six of the Paul Manafort trial is in the books.

It’s a day that featured testimony from just one witness, Rick Gates, Manafort’s longtime deputy, who finished his direct questioning from prosecutors and underwent a grueling cross-examination from lead defense attorney Kevin Downing.