Bloomberg News reports:
Elliott Broidy, a former top political fundraiser for President Donald Trump and the Republican Party, plans to plead guilty to participating in an illegal foreign lobbying scheme and cooperate with investigators in the matter, according to a person familiar with the situation. Broidy was charged on Oct. 8 with illegally lobbying the Trump administration to stop investigating the embezzlement scandal at the 1MDB Malaysian state investment fund.
Jho Low, a Malaysian fugitive who was charged as the mastermind of the 1MDB fraud, initially paid Broidy $6 million to lobby the U.S. Justice Department to stop its investigation and promised an additional $75 million if the lobbying succeeded, prosecutors said. Two other people involved in the scheme have already pleaded guilty: George Higginbotham, a former Justice Department official, and Nickie Mali Lum Davis, a Broidy business associate.
As you may recall, Michael Cohen brokered a $1.6M payoff to a Playboy model that Broidy says he impregnated and coerced into having an abortion. After the hush money was revealed in April, Broidy resigned as the RNC’s deputy finance chair.