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Manafort leaves the E. Barrett Prettyman U.S. Courthouse in April. Photo: Chip Somodevilla/Getty Images

Former Trump campaign manager Paul Manafort was found guilty on 8 criminal counts Tuesday, including bank fraud, tax fraud and hiding a foreign bank account. Judge T.S. Ellis declared a mistrial on the other 10 charges.

The big picture: While this is the first case brought to court as a result of special counsel Robert Mueller's investigation into potential Russian interference in the 2016 election, the federal tax and bank fraud charges are not related to Manafort's work with the Trump campaign — they're instead focused on his activities as a lobbyist for Ukraine.

The details: Manafort was found guilty on five counts of false tax returns, one count of a failure to register a foreign bank account, and two counts of bank fraud. All together, Manafort faces up to 80 years in prison.

Manafort's lawyer appeared before cameras following the verdict saying:

"Mr. Manafort is disappointed for not getting acquittals all the way through or a complete hung jury on all counts. However, he would like to thank Judge Ellis for granting him a fair trial, [and thank the] jury for their very long and hard fought deliberations. He is evaluating all options at this point."

What’s next: Manafort will face a second criminal trial next month in Washington, D.C. on seven other charges brought by Mueller, including failure to register as a foreign agent, obstruction of justice and money laundering.

President Trump reacted to the guilty verdict, saying "this has nothing to do" with Russian collusion and that he feels "very badly" for Manafort.

Go deeper: How the Russia probe closed in on Paul Manafort

Go deeper

Updated 11 mins ago - Politics & Policy

Bipartisan group reaches agreement on $1.2 trillion "hard" infrastructure bill

Sens. Mitt Romney (R-Utah) and Mark Warner (D-Va.) Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images.

After weeks of long nights and endless Zoom calls, a bipartisan group of senators finally reached a deal on "the major issues" in their $1.2 trillion "hard" infrastructure package, GOP senators involved in the talks announced Wednesday.

Why it matters: It could be days before the group finishes writing the bill, but the Senate can begin debating the legislation in earnest now that they have resolved the outstanding issues. The bill needs 60 votes to advance in the Senate.

After walkout, Activision Blizzard employees vow to keep fighting

Bing Guan/Bloomberg via Getty Images

Organizers of a Wednesday walkout at Activision Blizzard, the gaming company behind "Call of Duty" and "World of Warcraft," are saying the demonstration "is not a one-time event that our leaders can ignore.”

Why it matters: Within the video game industry, sweeping promises for change are often followed by a handful of half-measures that fail to solve the systematic problems that caused them.

Scoop: Trump team blames conservative for loser endorsement

Donald Trump at rally in Texas. Photo: Dylan Hollingsworth/Bloomberg via Getty Images

Donald Trump's advisers are angry at David McIntosh, president of the conservative Club for Growth, for persuading the former president to endorse a losing candidate in the special election for Texas' 6th District.

Why it matters: Susan Wright's defeat Tuesday in a Republican runoff with Navy veteran Jake Ellzey dealt a blow to Trump's aura of invincibility as a Republican kingmaker. It's critical to his 2022 midterm endorsements and continued hold on the GOP.