Paul Manafort and his family are in the process of becoming their own crime wave. When it comes to tRUMP and his associates, the criminals and criminal connections just don’t stop coming.
The Los Angeles Times reports Jeffrey Yohai, a real estate developer who is the son-in-law of Paul Manafort, the former chairman of Donald Trump’s presidential campaign, took father and son actors Dustin and Jacob Hoffman for $3 million in a real estate scam involving a Hollywood Hill property located on the famous Blue Jay Way.
Yohai is also facing a lawsuit in New York from an investor alleging that he operated a Ponzi scheme, according to the Times. Yohai, 35, said in a filing that the allegations are fabrications.
Enter father-in-law Manafort.
From The Times:
Manafort, his wife Kathleen and daughter Jessica — who is married to Yohai — invested $4.7 million in the developer’s L.A.-area projects, according to bankruptcy filings. The biggest of those investments was a $2.7-million loan made by Manafort last year to the now-bankrupt company that owns a property on Stradella Road in Bel-Air, documents show.
Manafort reportedly recently stopped a foreclosure of his Brooklyn, N.Y., townhouse (he lists his address as New Briton, Conn.) after a bank headed by a former Trump advisor gave him $16 million in loans.
Manafort is reportedly under active criminal and counterintelligence investigation by multiple federal agencies for issues related to the Trump campaign as well as financial transactions. One would think that lobbying for dictators Ferdinand Marcos and Mobutu Sese Seko, and guerrilla leader Jonas Savimbi, would pay better.
Yohai’s apparent real estate scams reach beyond the Hollywood Hills and at least one New York ventures went south due to shady dealings, according to published reports.
Guy Aroch, a Manhattan-based fashion photographer, has claimed in a lawsuit that he invested $2.9 million in two of Yohai’s residential real estate projects, including a condominium.
Aroch says he never saw a dime.
Instead, Yohai allegedly “used most or all” of Aroch’s investment for “personal travel; lavish purchases; and/or speculative ventures outside the investment mandates,” according to a lawsuit filed by Aroch. The lawsuit also alleges that in October Yohai defaulted on a promissory note defaulted.
Yohai is using a classic tRUMPian defense. This is all being done to embarrass his father-in-law because of his association with tRUMP. Of course, Manafort’s working for that Ukrainian dictator who had peaceful demonstrators killed would, have nothing to with it. Oh and Manafort neglected to report his Ukraine work when he tried to get a government job. Ooops.
Nice try, Yohai.
How the heck the Hoffmans, who apparently tried hard to shield their investment from public view, got involved with this guy remains unclear.