Members of Paul Manafort's defense team head toward federal court as the trial of the former Trump campaign chairman wraps up, in Alexandria, Virginia, Aug. 14, 2018.
Members of Paul Manafort's defense team head toward federal court as the trial of the former Trump campaign chairman wraps up, in Alexandria, Virginia, Aug. 14, 2018.

WASHINGTON - Defense lawyers for Paul Manafort, U.S. President Donald Trump's former campaign chairman, rested their case at his tax and bank fraud trial Tuesday without calling any witnesses or having him testify.

Judge T.S. Ellis rejected Manafort's bid to drop the 18 charges against him. The judge said that one of his lawyers and a prosecutor would make closing arguments in the case on Wednesday before the 12-person jury begins deliberations on Manafort's guilt or innocence.

Ellis asked the 69-year-old Manafort if he wanted to testify in his own defense. Manafort replied, "No, sir." If convicted, he faces a lengthy prison sentence. He also is set to stand trial on related charges next month.

Prosecutors for special counsel Robert Mueller presented two weeks of testimony against Manafort, accusing him of hiding millions of dollars in offshore accounts he earned while lobbying for deposed Ukrainian President Viktor Yanukovych in the years before Manafort headed Trump's presidential campaign for several months in mid-2016.

The case, heard in an Alexandria, Virginia, courtroom just outside Washington, has drawn particular interest in the United States because it is the first trial conducted by Mueller's prosecutors in their wide-ranging investigation of Russian meddling in the 2016 election.

President Trump's former campaign manager Paul Man
FILE - President Trump's former campaign manager Paul Manafort (C) arrives at U.S. District Court for a motions hearing in Alexandria, Virginia, May 4, 2018.

They are probing whether Trump associates conspired with Russia to help him win the White House and whether Trump, as president, obstructed justice by trying to thwart the investigation.

The case against Manafort, a long-time Washington lobbyist, only peripherally touched on the campaign. Instead, it dealt almost totally on accusations that he hid millions of dollars overseas and used the funds to finance a lavish lifestyle in the U.S., with millions spent on palatial homes and landscaping, new suits and jackets, electronics and other high-priced items.

The prosecutors alleged Manafort's vast sums from Ukraine dried up after Yanukovych was ousted in a popular 2014 uprising before he fled to Russia. Then, the government alleged, Manafort committed bank fraud by falsifying the amount of his assets on loan applications to finance the lifestyle he had become accustomed to with the millions he was receiving from Yanukovych.

The key witness against Manafort was Rick Gates, his longtime deputy in his lobbying operations and also Trump's deputy campaign manager.

Gates had already pleaded guilty before Manafort's trial to helping him hide millions in income from U.S. tax authorities. He is awaiting sentencing. Along with hours of testimony about Manafort's finances, Gates acknowledged that he stole millions from Manafort, in part to finance an extra-marital affair in London.