Federal prosecutors in Manhattan are investigating whether President Trump’s 2017 inaugural committee misspent some of the record $107 million it raised from donations, people familiar with the matter said.
The criminal probe by the Manhattan U.S. attorney’s office, which is in its early stages, also is examining whether some of the committee’s top donors gave money in exchange for access to the incoming Trump administration, policy concessions or to influence official administration positions, some of the people said.
Giving money in exchange for political favors could run afoul of federal corruption laws. Diverting funds from the organization, which was registered as a nonprofit, could also violate federal law….
Manhattan federal prosecutors in recent months asked Tennessee developer Franklin L. Haney for documents related to a $1 million donation he made to Mr. Trump’s inaugural committee in December 2016, according to a person familiar with the matter. Mr. Haney in early April hired Mr. Cohen, at the time serving as Mr. Trump’s personal lawyer, to help obtain a $5 billion loan from the Energy Department for a nuclear-power project, the Journal has previously reported. Mr. Haney was asked for documents related to his correspondence with members of the committee, meeting calendars and paperwork for the donation, the person said. A loan application by Mr. Haney’s company is still pending at the Energy Department.