Paul Manafort’s $2.7 million investment in a renovated Los Angeles mansion is the subject of a bankruptcy lawsuit. Photo: JIM LO SCALZO/EPA-EFE/REX/ShutterstockA bankruptcy trustee is suing former Trump campaign manager Paul Manafort over a failed real-estate deal involving the political consultant’s former son-in-law. The trustee, Thomas Casey, sued Mr. Manafort on Thursday in an Orange County, Calif., bankruptcy court over Mr. Manafort’s $2.7 million investment in a renovated Los Angeles mansion, asking a federal judge to determine that the payment was a capital contribution, not a loan. Mr. Casey said Mr. Manafort’s investment was used to help buy the Bel-Air property for $8.5 million in 2016, one of several failed real-estate projects led by Jeffrey Yohai, Mr. Manafort’s former son-in-law.

Source: Wall Street Journal April 30, 2018 22:07 UTC