Manafort had $16.5 million in unreported income, court told

By Sarah N. Lynch, Nathan Layne and Karen Freifeld ALEXANDRIA, Va. (Reuters) - President Donald Trump's former campaign chairman Paul Manafort, who is on trial on tax and bank fraud charges, had $16.5 million in unreported taxable business income between 2010 and 2014, a U.S. Internal Revenue Service agent testified on Wednesday. IRS agent Michael Welch told a jury that Manafort's unreported income includes foreign wire transfers to U.S. vendors like landscapers and clothiers, wire transfers to buy property, and income improperly reclassified as loans.