Elliot Broidy (R) with business executive Fred Sands (L). Photo: Stefanie Keenan/Getty Images for Pepperdine University

Elliott Broidy, the former deputy finance chairman of the Republican National Committee, appears set to plead guilty to conspiracy to act as an unregistered foreign agent by lobbying the Trump administration to drop an investigation into the massive Malaysian embezzlement scheme 1MDB, according to a court filing.

Why it matters: Broidy is the latest 2016 Trump campaign associate to face criminal charges, joining former campaign chairman Paul Manafort, deputy chairman Rick Gates, chief executive Steve Bannon, adviser Michael Flynn, outside adviser Roger Stone and fellow deputy finance chairman Michael Cohen.

  • Broidy is accused of leveraging his "access to and perceived influence" with President Trump and the administration in order to secure payments from Malaysian businessman Jho Low, who is not named in the indictment.
  • Low has separately been charged for his role in "orchestrating and executing a multi-billion-dollar embezzlement scheme from 1MDB." Broidy is accused of lobbying the Justice Department to drop the investigation without registering as a foreign agent.
  • Broidy is also accused of lobbying the Trump administration to deport wealthy Chinese dissident Guo Wengui, an associate of Steve Bannon, back to China.

Read the filing.

Go deeper

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.

Biden has huge cash advantage over Trump as Election Day nears

Democratic presidential nominee Joe Biden in Wilmington, Delaware, on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month, as campaigning enters the final stretch ahead of Election Day on Nov. 3.