The jury, after nearly four days of deliberations, found Manafort guilty of two of nine bank fraud charges, all five tax fraud charges he faced and one of four charges of failing to disclose foreign bank accounts.
Judge T.S. Ellis in the case that held in Alexandria Virginia, declared a mistrial on 10 of the 18 counts, after the jury told him it could not reach a verdict on those charges.
On Tuesday morning, the jury sent a note indicating they were split on at least one count.
The whirlwind trial is the first to result from Mueller's ongoing investigation into Russian election meddling, although Manafort's prosecution does not relate to any election interference or alleged collusion by the Trump team with Russian officials.
"The conviction of Paul Manafort on multiple felony charges of bank and tax fraud marks a major turning point in the Special Counsel's ongoing investigation, and shows again that the President's campaign was populated by individuals with a history of unscrupulous and dishonest business dealings and concerning ties to overseas interests", said California Rep. Adam Schiff, the top Democrat on the House Intelligence Committee. Not only has Michael Cohen entered a guilty plea on multiple counts of campaign finance violations, tax fraud, and bank fraud, but the jury in the Paul Manafort case has come in with a partial verdict.
Prosecutors outlined schemes Manafort allegedly used to avoid paying U.S. taxes on the millions of dollars he earned in Ukraine, saying he also filed false statements to obtain millions of dollars in loans from banks when his Ukraine consulting fees dried up. In June, a federal judge ordered him jailed after he was charged with witness tampering. He has yet to go to trial for the D.C. -based indictment.
Inside the Alexandria, VA courtroom, Mueller's team attempted to paint Manafort as a man obsessed with his lavish lifestyle - and willing to lie and commit financial crimes in order to maintain it.
Manafort's guilty verdict may strengthen Mueller's hand as he continues to investigate possible conspiracy and seeks an interview with the president; an acquittal could have led to a broader effort by conservatives to shut down the special counsel's office. I shared with them my hope that they can find comfort knowing that God does not leave us to suffer alone.
Trump had previously suggested that Manafort, who briefly served as his campaign manager, was being treated worse than late American gangster Al Capone. They also argued that obtained $20 million in falsified bank loans.
"[Tuesday, Michael] stood up and testified under oath that Donald Trump directed him to commit a crime by making payments to two women for the principal objective of influencing an election", Lanny Davis said in a statement, per CNBC.
The verdict announced Tuesday comes as President Trump has stepped up his criticism of Mueller's probe, publicly criticizing the investigation on a weekly basis. "Believe me, it was something very much different".