The U.S. Justice Department is investigating whether $100,000 donated to a Trump-related political fundraising committee originated from a fugitive Malaysian businessman alleged to be at the center of a global financial scandal, according to people familiar with the matter.
The $100,000 donation was made in December 2017 to the Trump Victory committee—which is involved in helping re-elect President Trump in 2020—by Larry Davis, a U.S. citizen who co-owns LNS Capital, a Hawaii-based investment company, people familiar with the investigation say.
Authorities are seeking to determine whether transfers totaling $1.5 million to LNS Capital seven months earlier—originating with the Malaysian businessman,Jho Low—financed Mr. Davis’s donation to Trump Victory, say the people familiar with the matter.
It is a federal offense for foreign individuals or companies to make direct or indirect donations to U.S. politicians or fundraising committees. The rules are designed to stop foreigners from using cash to try to influence U.S. politics, including payments made indirectly through entities or U.S. citizens acting as intermediaries, who also could face charges.