By Katelyn Polantz, Sophie Tatum, Liz Stark, Kara Scannell and Marshall Cohen CNN
This comes after 10 days of testimony from 27 witnesses. The defense has not indicated if it will call any witnesses to the stand.
Prior to the prosecution resting, a bank official testified that the Federal Savings Bank gave Manafort $16 million in loans and knew that he lied about his financial situation before they were approved by the bank’s chairman.
James Brennan, a vice president of Federal Savings Bank, said he faced so much pressure from his bank’s chairman about Manafort’s ability to borrow the $16 million that he lied on a form reviewed by federal regulators and the bank’s directors about the stability of the loan.
A very stable, high-quality loan would get a rating of “1,” and any rating less than “4” wouldn’t get approved and would draw regulators’ attention because of its instability, he said.
Brennan also said he and his colleagues documented their concerns about Manafort’s personal finances. Information about Manafort’s company’s income, his unpaid debts from his Yankees season ticket and undisclosed mortgages on his other properties in New York raised red flags internally at the bank, he added.
Brennan was the 27th prosecution witness to testify against Manafort in the first major test in court for special counsel Robert Mueller, who is currently leading an investigation into Russian interference in the 2016 election.
Prosecutors pulled up an email that Brennan sent to colleagues who sat on the bank’s loan-approving committee in September 2016. The email detailed some of “the issues we were having” regarding one of Manafort’s loan applications, Brennan said.
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