Jurors in Virginia last month found Manafort guilty, in a separate case, on two counts of bank fraud, five counts of tax fraud and one charge of failing to disclose foreign bank accounts, giving special counsel Robert Mueller a victory in the first trial arising from his investigation of Russia's role in the 2016 USA election. The charges were filed in a criminal information, a document that suggests a deal has been reached.
It's unclear if Manafort will become or has become a cooperating witness, but some reports say the plea agreement appears to suggest he will.
"We don't have all the details yet but I'd say the signs for Donald Trump aren't very good because.Manafort will know a lot about Donald Trump and his dealings, not just in America but overseas". The jury was deadlocked on the remaining 10 counts, which ended in mistrial.
According to court documents, he has agreed to plead guilty on Friday to two criminal counts in the investigation by Special Counsel Robert Mueller.
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The charges do not involve Manafort's work for USA president Donald Trump.
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It will also allow Manafort to serve time from his separate federal cases in Virginia and Washington concurrently, a source told Politico.
The allegations do not involve his work with the Trump campaign.
A hearing in the case scheduled for Friday morning was pushed back, according to the federal court's electronic filing system. But Manafort has not been charged with anything related to the campaign.
Manafort attended the June 2016 meeting at Trump Tower in which Kremlin-backed attendees promised to offer damaging information about Trump's 2016 opponent, Hillary Clinton.
Manafort agreed to plead to conspiracy against the USA and conspiracy to obstruct justice by tampering with witnesses.
The charges do not relate to Russian interference in the 2016 presidential election. Manafort's attorneys had argued that the trial should be moved to Roanoke, Virginia, because the intensity of publicity in Washington made it impossible for him to receive a fair trial.
The decision by Trump's onetime personal lawyer, Michael Cohen, to plead guilty last month in a federal investigation in Manhattan particularly angered the president, who denounced him as a "flipper". "Such respect for a courageous man!"