The Wall Street Journal: Prosecutors Intensify Scrutiny Of Trump Fundraiser Elliott Broidy, Focusing On Foreigners At Inauguration

Federal prosecutors have stepped up a criminal investigation into possible efforts by longtime Republican fundraiser Elliott Broidy to profit from his connections to the Trump administration, according to people familiar with the matter.

Investigators are examining whether Broidy, a top fundraiser for Trump in 2016 who was later tapped as deputy finance chairman of the Republican National Committee, was paid by his intelligence-contracting firm’s foreign and prospective clients to give them special access to attend the 2017 inauguration, some of the people said. Such activity could violate campaign-finance, lobbying or money-laundering laws.

In early April, federal prosecutors in Brooklyn asked President Trump’s inaugural committee for documents related to Broidy and his company’s actual or prospective clients, including foreign politicians who attended inaugural events at Broidy’s invitation, according to people familiar with the requests. The company, called Circinus LLC, provides intelligence research and analysis for foreign governments and other clients.

Broidy invited several Angolan and Romanian officials to inaugural events in 2017—including a Romanian who was scheduled to stand trial for corruption weeks later. Broidy also introduced Angolan officials to multiple members of Congress during that trip, which was soon after the Angolan government agreed to pay his company $6 million for its services. People who represent foreign clients before members of Congress are generally required to disclose their work under the Foreign Agents Registration Act. Broidy’s representatives have said he was never paid to do any lobbying, so was never required to register.

Read: Details revealed in ex-Playboy model’s lawsuit against Republican fundraiser

An expanded version of this report appears on WSJ.com.

Popular on WSJ.com:

Trump says downing of U.S. drone may have been unintentional

Millions of business listings on Google maps are fake—and Google profits

RECENT NEWS

The Penny Drops: Understanding The Complex World Of Small Stock Machinations

Micro-cap stocks, often overlooked by mainstream investors, have recently garnered significant attention due to rising c... Read more

Current Economic Indicators And Consumer Behavior

Consumer spending is a crucial driver of economic growth, accounting for a significant portion of the US GDP. Recently, ... Read more

Skepticism Surrounds Trump's Dollar Devaluation Proposal

Investors and analysts remain skeptical of former President Trump's dollar devaluation plan, citing tax cuts and tariffs... Read more

Financial Markets In Flux After Biden's Exit From Presidential Race

Re-evaluation of ‘Trump trades’ leads to market volatility and strategic shifts.The unexpected withdrawal of Joe Bid... Read more

British Pound Poised For Continued Gains As Wall Street Banks Increase Bets

The British pound is poised for continued gains, with Wall Street banks increasing their bets on sterling's strength. Th... Read more

China's PBoC Cuts Short-Term Rates To Stimulate Economy

In a move to support economic growth, the People's Bank of China (PBoC) has cut its main short-term policy rate for the ... Read more