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Federal prosecutors criminally investigating Donald Trump’s $107 million inauguration

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Prosecutors in the Southern District of New York are investigating Donald Trump’s inaugural committee, The Wall Street Journal reported Thursday.

Citing “people familiar with the matter,” The Journal reports the criminal probe is misspent funds and “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.”

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Donations in exchange for favors could violate anti-corruption law.

The committee was registered as a nonprofit and spent a record $107 million dollars.

“In April raids of Mr. Cohen’s home, office and hotel room, Federal Bureau of Investigation agents obtained a recorded conversation between Mr. Cohen and Stephanie Winston Wolkoff, a former adviser to Melania Trump, who worked on the inaugural events,” The Journal reported. “In the recording, Ms. Wolkoff expressed concern about how the inaugural committee was spending money, according to a person familiar with the Cohen investigation.”

“The inaugural committee has publicly identified vendors accounting for $61 million of the $103 million it spent, and it hasn’t provided details on those expenses, according to tax filings,” The Journal added. “The committee raised more than double what former President Barack Obama’s first inaugural fund reported raising in 2009, the previous record. President Trump’s funds came largely from wealthy donors and corporations who gave $1 million or more—including casino billionaire Sheldon Adelson, AT&T Inc. and Boeing Co., according to Federal Election Commission filings.”

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The federal government has a key cooperating witness in the investigation.

Rick Gates, Trump’s 2016 deputy campaign manager, served as deputy chairman of the inauguration.

Gates has been cooperating with federal prosecutors since a February plea deal.

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The Presidential Inaugural Committee released a statement saying that they weren’t aware of any pending investigations nor have they been contacted by prosecutors.

“We simply have no evidence the investigation exists … The names of donors were provided to the FEC and have been public for nearly two years and those donors were vetted in accordance with the law and no improprieties have been found regarding those donors,”

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump is ‘a bottomless pit of emotional need’ with a ‘desperate’ desire for friends: NYT’s Charles Blow

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New York Times editorial writer Charles Blow called out the president in his Sunday editorial for always associating the country with himself.

The byproduct of narcissism is that everything surrounds the narcissist. Such is the case with President Donald Trump's latest series of tweets talking about "My Stock Market" and quoting a fan referring to him as the second coming of Christ.

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‘Disconnected from reality’: NY Times editor ridicules Trump for being a ‘farce’ of a president

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New York Times editorial board member, Michelle Cottle, released a scathing op-ed highlighting the president's tendency to give oxygen to his adversaries that no one else would be paying attention to otherwise.

In a piece relating the White House to a "three-ring" circus, Cottle called the president a "farce" for his new war with Anthony Scaramucci.

As the president tweeted, no one had heard of Scaramucci until Trump hired him and former chief-of-staff John Kelly fired him after only 11 days.

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Trump goes off on Twitter rant about ‘My Stock Market’ at nearly 2 a.m. in France

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President Donald Trump has an early morning meeting Monday with Egypt's President Abdel-Fattah el-Sisi. He also has a full day of meeting with the G-7, but that wasn't his focus in the early morning hours.

"My Stock Market gains must be judged from the day after the Election (sic), November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!" Trump tweeted Sunday night in the U.S., which was nearly 2 a.m. in France where the president is staying during the G-7 summit.

My Stock Market gains must be judged from the day after the Election, November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!

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