Donald Trump’s top fundraiser preparing to defend against federal conspiracy charges

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A former top fundraiser for the Republican Party and President Trump, Elliott Broidy, is now facing federal conspiracy charges for his alleged part in a foreign lobbying scheme.

According to recently released documents, Broidy was part of a scheme which included efforts to influence the Trump administration to halt investigations into the embezzlement scandal at the 1MDB Malaysian state investment fund.

Flickr/The White House

The filing said that the Malaysian fugitive who was the apparent mastermind of the fraud, Jho Low, paid Broidy a $6 million fee for his agreement to lobby the U.S. Justice Department on behalf of stopping the investigation. Broidy was also promised another payment in the amount of $75 million if the lobbying efforts were a success.

Prosecutors in the case say that Low led several Malaysians in diverting money from 1MDB into various personal accounts which had been disguised to appear like legitimate businesses. Funds were then kicked back to officials. 

Image of Donald Trump via White House Flickr/Public Domain

Sources close to the situation said Goldman Sachs Group Inc. could end up paying nearly $2 billion for its part in raising money for 1MDB.

Guilty pleas have already been entered for two other people involved in the scheme: former Justice Department official George Higginbotham and Nickie Mali Lum Davis, a Broidy business associate.

Donald Trump Campaigns via Flickr / Gage Skidmore
https://creativecommons.org/licenses/by-sa/2.0/

Davis admitted that she lobbied the U.S. government to stop the investigation into 1MDB AND also for the return from exile of Guo Wengui, the Chinese billionaire who has been an outspoken critic of his country’s government.

Broidy, who came to his wealth through venture capital, is just the latest Republican operative to be charged with crimes recently, joining Steve Bannon, who was once the head of Trump’s presidential campaign in 2016. Bannon was aboard Guo’s yacht in Connecticut this summer when he was arrested and charge with his part in a fundraising scheme.

The 31-page document filed against Broidy, called a “criminal information” describes a secret campaign to lobby on Low’s behalf. Low clearly wanted someone close to the Trump administration to assist these efforts, according to prosecutors.

Agreeint to help, Broidy tried, but failed, numerous times to set up a golf game between Trump and Malaysia’s prime minister. In October 2017, Broidy met with Trump at the White House and falsely told Davis he had brought up the 1MDB investigation.

Flickr / Gage Skidmore / https://creativecommons.org/licenses/by-sa/2.0/

In May 2017, Broidy met with Low and a Chinese government official in a meeting set up by Low. They discussed how Broidy could “use his influence with high-ranking United States government officials.”

Prosecutors said that Broidy received another $3 million after his initial payment of $6 million.

Flickr / Gage Skidmore / https://creativecommons.org/licenses/by-sa/2.0/

This isn’t Broidy’s first rodeo- over a decade ago in New York, he pleaded guilty to paying state officials almost $1 million to divert $250 million in state pension money to one of his funds.

His charges were later reduced to a misdemeanor after he agreed to cooperate with prosecutors.

Flickr / Gage Skidmore / https://creativecommons.org/licenses/by-sa/2.0/

Broidy served on Trump’s presidential inaugural committee and served as the RNC’s deputy finance chairman from 2017 to early 2018. After that, he left his position and agreed, with the help of Trump’s personal lawyer and fixer, Michael Cohen, to pay a former Playboy model $1.6 million when she got pregnant during an affair. To add to the mix, at the time Cohen was ALSO a deputy finance chairman for the RNC.

Broidy is also linked to convicted pedophile George Nader, adviser to the United Arab Emirates.

The post Donald Trump’s top fundraiser preparing to defend against federal conspiracy charges first appeared on TPL News.



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