Paul Manafort found guilty on 8 counts

posted by CBS News - 

Paul Manafort, Donald Trump's former campaign chairman, has been found guilty on five counts of tax fraud, one count of failing to disclose his foreign bank accounts and two counts of bank fraud. 

The jury is unable to reach consensus on 10 of the 18 counts in the bank fraud trial of former Trump campaign chairman Paul Manafort. Judge T.S. Ellis III will declare a mistrial on 10 unresolved counts but will accept the jury's verdict on the remaining eight counts. Ellis decided there is "manifest necessity" to proceed. 

Manafort faces 18 counts — five counts related to false income tax returns, four counts of failing to file foreign bank account reports, four counts of bank fraud and five counts of bank fraud conspiracy. The government alleges Manafort hid tens of millions of dollars in income and falsified records to enrich himself and live a life of luxury.

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