Trump Fund-Raiser Received Laundered Foreign Money, Prosecutors Say
Source: New York Times
Federal prosecutors cited the involvement of a onetime top fund-raiser to President Trump on Friday in a scheme to launder millions of dollars into the country to help a flamboyant Malaysian financier end a Justice Department investigation.
Elliott Broidy, a Los Angeles-based businessman who was a finance vice chairman of Mr. Trump’s 2016 campaign and inauguration committees, was paid to lobby the Trump administration to try to end an investigation related to the embezzlement of billions of dollars from a Malaysian state-owned fund, according to court filings made public on Friday.
The filings were released in connection with a guilty plea entered by George Higginbotham, a former Justice Department employee. Mr. Higginbotham admitted to conspiring to lie to banks about the source of tens of millions of dollars he funneled into the United States from the Malaysian financier Jho Low, who federal authorities say masterminded a scheme to loot the 1 Malaysia Development Berhad fund, also known as 1MDB.
Mr. Higginbotham, who left the Justice Department in August, was not involved in the department’s investigation of Mr. Low, and is cooperating with prosecutors.
Read more: https://www.nytimes.com/2018/11/30/us/politics/broidy-trump-foreign-money.html
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