Broidy pleaded guilty to conspiring to violate foreign lobbying laws. He was involved in efforts to influence the Trump administration on behalf of the United Arab Emirates.
Elliott Broidy is an American venture capitalist, financier, and Republican fundraiser. Born on July 18, 1957, in Los Angeles, California, Broidy has been a significant figure in U.S. political fundraising, especially for the Republican Party.
In his early career, Broidy founded Broidy Capital Management, an investment firm, in 1991. His business success led him to become a prominent donor and fundraiser for Republican causes. Broidy’s involvement in politics increased over the years, culminating in his appointment as Finance Chairman of the Republican National Committee (RNC) in 2017.
Broidy’s relationship with former President Donald Trump is rooted in his significant fundraising efforts for Trump’s 2016 presidential campaign and the Republican Party. His role as a top fundraiser for the RNC during Trump’s presidency placed him in a circle of influential political figures.
However, Broidy’s career has been marred by legal controversies. In 2009, he pleaded guilty to a felony charge of rewarding official misconduct in connection with the New York State Common Retirement Fund bribery scandal. He admitted to making nearly $1 million in gifts to New York State officials to secure a $250 million investment in his private equity fund.
In 2020, Broidy pleaded guilty to one count of conspiracy to violate the Foreign Agents Registration Act. This charge related to his role in a scheme to lobby the Trump administration to drop an investigation into the embezzlement scandal involving 1Malaysia Development Berhad (1MDB), a Malaysian government investment fund.
Broidy’s legal troubles and his connections to the Trump administration highlight the complex intersections of political fundraising, influence, and legal boundaries within American politics.