Former Israeli Prime Minister Ehud Olmert was found guilty Monday of accepting bribes in a retrial of corruption charges, the latest chapter in the downfall of a man who only years earlier hoped to lead the country to a historic peace agreement with the Palestinians.

Olmert's lawyers said they would likely appeal the ruling by the Jerusalem District Court. He'll be sentenced at a later court hearing.

Olmert was acquitted in 2012 of a series of charges that included accepting cash-stuffed envelopes containing hundreds of thousands of dollars from U.S. businessman Morris Talansky before Olmert became prime minister. The verdict was seen as a major victory for Olmert.

But Olmert's former office manager and confidant Shula Zaken later became a state's witness, offering tape recordings of conversations with Olmert about illicitly receiving cash, leading to a retrial.

A panel of judges at the Jerusalem District Court found that Olmert had accepted Talansky's money as a personal bribe without reporting it, calling it a "serious conflict of interest." The judges ruled that an Olmert aide kept the money hidden in a safe.

Olmert's lawyer, Eyal Rozovsky, said Olmert's legal team was "of course very disappointed from the ruling" and said his lawyers would review it and likely appeal.