Manhattan-based federal prosecutors are investigating whether some of the $107 million in donations to then-President elect Donald Trump's inaugural committee were misspent, The Wall Street Journal reported Thursday.
The Journal, citing people familiar with the matter, said the investigation arose in part from the slew of materials seized in April raids on Trump's former personal lawyer, Michael Cohen, by federal prosecutors.
The criminal probe is also looking into whether some of the committee's top spenders traded money for access to the incoming Trump administration, as well as "Policy concessions or to influence official administration positions," sources told the Journal.
"Giving money in exchange for political favors could run afoul of federal corruption laws," The newspaper explained.
"Diverting funds from the organization, which was registered as a nonprofit, could also violate federal law."
The White House had no immediate comment on the report.
A spokesman for the U.S. Attorney's Office in Manhattan declined CNBC's request for comment.
https://www.cnbc.com/2018/12/13/trump-inauguration-spending-under-criminal-investigation-by-federal-prosecutors-dow-jones.html
The Journal, citing people familiar with the matter, said the investigation arose in part from the slew of materials seized in April raids on Trump's former personal lawyer, Michael Cohen, by federal prosecutors.
The criminal probe is also looking into whether some of the committee's top spenders traded money for access to the incoming Trump administration, as well as "Policy concessions or to influence official administration positions," sources told the Journal.
"Giving money in exchange for political favors could run afoul of federal corruption laws," The newspaper explained.
"Diverting funds from the organization, which was registered as a nonprofit, could also violate federal law."
The White House had no immediate comment on the report.
A spokesman for the U.S. Attorney's Office in Manhattan declined CNBC's request for comment.
https://www.cnbc.com/2018/12/13/trump-inauguration-spending-under-criminal-investigation-by-federal-prosecutors-dow-jones.html
No comments:
Post a Comment