Paul Manafort sentenced to more than seven years in prison 9 Hours Ago | 01:19
"No one is beyond the law in New York," Vance said in a statement. Manafort's alleged actions "strike at the heart of New York's sovereign interests, including the integrity of our residential mortgage market," Vance added.
Click here to read the indictment.
Crucially, Trump does not have pardon power for state charges.
The president has not explicitly ruled out pardoning his former campaign official. But Trump has lambasted special counsel Robert Mueller's Russia probe as a "witch hunt," and in recent days has appeared to criticize investigations in New York related to his business empire.
White House spokeswoman Sarah Huckabee Sanders said Monday that the president would decide whether to pardon Manafort "when he's ready."
But Trump, when asked about whether he planned to pardon Manafort, told reporters at the White House on Wednesday afternoon that he has "not even given it a thought as of this moment."
Earlier Wednesday, a federal judge sentenced Manafort, who is 69 years old, to 43 months of additional prison time on conspiracy charges lodged by Mueller as part of his probe of Russian election meddling and possible Trump campaign collusion.
Less than a week earlier, Manafort had received a 47-month prison sentence in another federal case lodged by Mueller. Manafort's combined prison time in the Mueller cases totals 7½ years.
A spokesman for Manafort did not immediately respond to CNBC's request for comment on the state prosecutors' charges.
Manafort's charges in Mueller's cases largely related to consulting work he did for a pro-Russia political party in Ukraine years before joining Trump's presidential campaign. But the New York charges involve Manafort's conduct between 2015 and 2017, according to the indictment.
jleonardbc on March 13rd, 2019 at 17:05 UTC »
By waiting, they kept these charges from influencing sentencing. And by announcing immediately, they tell Trump to think twice about issuing a pardon for the federal charges since Manafort will have to face unpardonable ones anyway.
give_pizza_chance on March 13rd, 2019 at 16:56 UTC »
Charges as per the District Attorney's press release:
Residential Mortgage Fraud in the First Degree, a class B felony, 3 counts Attempted Residential Mortgage Fraud in the First Degree, a class C felony, 1 count Conspiracy in the Fourth Degree, a class E felony, 3 counts Falsifying Business Records in the First Degree, a class E felony, 8 counts Scheme to Defraud in the First Degree, a class E felony, 1 countPomp_N_Circumstance on March 13rd, 2019 at 16:44 UTC »
We all knew this was a possibility, but I love how quickly it came. I'm thinking this is a pretty good preview of what Trump can look forward to when New York state comes knocking on his door.