What happened?

Paul Manafort, the longtime Republican strategist who served as Trump’s campaign chairman for several months in 2016, was indicted Monday on charges of money laundering and fraudulently transferring millions from offshore accounts.

Rick Gates, Manafort’s associate, has also been charged in connection with the fraud scheme. Both men surrendered to the FBI today.

Is this a surprise?

Not really. Manafort was forced to step down as Trump’s campaign chairman in August 2016 after reports about his shady business dealings with pro-Russia politicians in Ukraine. This past summer, FBI agents raided Manafort’s home, and he was told that an indictment was only a matter of time.


RELATED: Glenn Explains Paul Manafort Wiretap and Why Russia Is in the News Again

Glenn’s take:

On today’s show, Glenn compared the indictment for money laundering to the famous example of Al Capone being nabbed by authorities for tax evasion. It’s likely that the authorities will find more during their investigation.

He also reminded the audience of Manafort’s long history of shady dealings.

“We knew about it before he even joined the Trump campaign,” Glenn said. “This is what he did for a living. He, along with people like Roger Stone, have been lobbying and consulting for foreign individuals and governments for decades.”

EDITOR'S NOTE: This article provided courtesy of TheBlaze.

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This is a rush transcript and may contain errors.

GLENN: The rumors began circulating earlier this weekend: Indictments in Robert Mueller’s Russia collusion investigation were coming.

About 30 minutes ago, we found out exactly what happened. Here’s the scoop of all scoops. Pull over to the side of the road, because, whoa, you’re going to find this one hard to believe. Paul Manafort is a shady guy.

Yeah, I know. I know. Hard to wrap your head around. Paul Manafort and one of his former business associates were told to surrender to federal authorities this morning.

So here’s what they nailed him on: Manafort allegedly set up companies in Cyprus to receive payments from politicians and businesspeople in eastern Europe. Since 2006, Manafort has been known for working with working with wealthy oligarchs in Russia, as well as the now deposed former president in the Ukraine.

The FBI has reportedly been on Manafort’s trail since 2014, and it appears they may now have a solid case for tax evasion, money laundering, and failing to disclose his foreign lobbying.

The reason this is no surprise is pretty simple: We knew go before he even joined the Trump campaign. This is what he did for a living. He, along with people like Roger Stone, have been lobbying and consulting for foreign individuals and governments for decades. It is one of the reasons why we warned you that Donald Trump could be impeached and Manafort would be at the center of it, before he was even elected.

Some of these people, like the former Ukrainian president, are a little less than reputable, shall we say.

This is almost literally the tax evasion against Al Capone. There’s probably a lot more guilt to be found, but this is what we’re getting. And they are sending signals that they’re going to go after him with absolutely everything, which to me signals they’re looking to flip him.

Why on earth the Trump campaign decided to hire a man with this much baggage to run, you know, the campaign, boggles the mind. But there is something missing from this first indictment: collusion. Get ready for a lot more of this to come.