Paul Manafort found guilty of tax fraud

President Trump's former campaign chairman could spend the rest of his life in prison after the jury found him guilty on eight counts of tax fraud. ABC News' Kendis Gibson reports.
2:09 | 08/22/18

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Transcript for Paul Manafort found guilty of tax fraud
Well now to president trumps former campaign chairman Paul man Ford who could face the rest of his life behind bars. The jury in this tax fraud trial has found him guilty on eight counts. It's a first prosecution by special counsel Robert Wallerstein. The verdict for Paul metaphor came after four days of deliberations with the jury finding him guilty on eight counts. Including tax evasion bank fraud. And failing to report a foreign bank. They were unable to reach a verdict on ten other counts. Mr. matter Florida is disappointed. Of not getting acquittals all the way through or complete hung jury on all counts. However he would like to thank judge Ellis. For granting him a fair trial. The government argued that before manna for two Rand president Trump's campaign. He stashed sixty million dollars and 31 offshore accounts prosecutors saying manna for to use the money to live a lavish lifestyle buying several homes fancy suits. Even an 181000 dollar python jacket. Paul man a Ford has done an amazing job he's yourself twist. Paul Matt afford. Just two years ago he was running the term campaign. Literacy leader who received decisive person. With the human side cares what people. Last summer dozen armed FBI agents raided his apartment in Northern Virginia seizing a trove of documents. Amid a swirl of stories about his work for Ukrainian officials with ties to Russia. Men efforts trial marks the first quartets for the special counsel Robert Mueller who was appointed to investigate interference in the 2016 election. An investigation present from continuously slams as a witch hunt before his rally in West Virginia last night the president. Reacting to the verdict but I still feel. This started as rushing delivery. So quick shot and if it is great. Matta first faces a maximum of life sentence of eighty years but the total will likely be much less he faces another trial next month. On money laundering and witness tampering charges in DC.

This transcript has been automatically generated and may not be 100% accurate.

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