His promise to cooperate in exchange for lighter sentencing fell apart soon after, with Mueller accusing Manafort in November of repeatedly lying to federal investigators.
A jury in Alexandria convicted Manafort previous year on eight counts of tax and bank fraud related to his overseas work advising politicians in Ukraine. The jury deadlocked on 10 other charges. If not, Waxman said, then today's verdict is "definitely a victory for Paul Manafort and for President Trump".
Manafort had faced up to 24 years in prison under federal sentencing guidelines for failing to pay taxes on income he earned as a Ukrainian political consultant and defrauding banks and the government.
Judge Ellis told the court on Thursday: "He [Manafort] is not before the court for anything having to do with colluding with the Russian government".
What won't emerge in the sentencing hearing are Special Counsel Robert Mueller's conclusions about whether Manafort conspired with Russians who interfered in the 2016 election. They do not directly address Russia's interference in the 2016 US presidential election.
Manafort, a longtime lobbyist and Republican political operative, was Trump's campaign chairman from May to August 2016.
Manafort's lawyers had said that their client isn't a "brazen" criminal and has been railroaded by the special counsel. Prosecutors have said the work in Ukraine was on behalf of politicians who were closely aligned with Russian Federation, though Manafort has insisted his work helped those politicians distance themselves from Russian Federation and align with the West.
They said "it is Manafort's own criminal actions that have led to these consequences; it can not be blamed on the government or a jury's holding him responsible for his crimes". "My life -personally and professionally-is in shambles". "He nonetheless cheated the United States Treasury and the public out of more than $6 million in taxes at a time when he had substantial resources". "I feel very badly for Paul Manafort", Trump said in August.
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Chakrabarti's campaigns raised $3.3 million and diverted more than $1 million to his companies, the Washington Examiner reported . A typical PAC has to disclose how the funds are used, including all campaign events, advertising, and donations to candidates.
US Department of Justice Special Counsel Robert Mueller is thought to be finishing up his 22-month investigation, which has dogged the Trump presidency. They argued that Manafort, a first time offender, was "truly remorseful for his conduct".
"The special counsel's attempt to vilify Mr. Manafort as a lifelong and irredeemable felon is beyond the pale and grossly overstates the facts before this court", his attorneys said.
Defense attorneys for Manafort have suggested that Mueller's team had improperly ensnared their client in its probe, as the case did not have anything to do with Russia's interference in the 2016 election.
"The special counsel's conduct comes as no surprise and falls within the government's pattern of spreading misinformation about Mr. Manafort to impugn his character in a manner that this country has not experienced in decades".
Regardless of Ellis' decision, Manafort's legal travails are far from over.
Prosecutors also believe Manafort still poses a risk of recidivism, noting that he lied to the government and the grand jury as recently as previous year.