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Tamir Sapir and Felix Sater attend Trump Soho Hotel Condominium Launch Party at Tribeca Rooftop on September 19, 2007. Photo: Will Ragozzino/Patrick McMullan via Getty Imagess

Russian-born real estate developer and twice-convicted felon Felix Sater will testify privately before the House Intelligence Committee on Friday about his work with Michael Cohen to build a Trump Tower in Moscow, Sater confirmed to the Washington Post.

Why it matters: President Trump's efforts to secure a lucrative real estate deal in Russia at the same time the Kremlin was interfering in the 2016 election on his behalf have drawn intense scrutiny from House Intelligence Chairman Adam Schiff (D-Calif.). Sater was previously scheduled to testify in public before the committee in March, but his appearance was delayed as a result of the pending release of special counsel Robert Mueller's report.

  • The committee decided to make Sater's testimony private over national security concerns, including Sater's "previous work as an undercover asset for the Defense Intelligence Agency on Russia issues," Politico's Natasha Bertrand and Andrew Desiderio report.

The backdrop: Sater, who pleaded guilty in 1998 for his involvement in a Mafia-linked fraud scheme, promised Cohen in 2015 that the Moscow project would be completed with the aid of Russian President Vladimir Putin and that the deal would help Trump win the 2016 election.

  • In a 2013 sworn deposition, Trump testified that he barely knew Sater and that he wouldn't recognize him if he was sitting in the same room. But Sater has previously testified that he knows Trump personally and that he visited his office throughout the 2000s to discuss possible business deals.
"Our boy can become president of the USA and we can engineer it. I will get all of Putins team to buy in on this, I will manage this process."
— Sater, in an email to Cohen

Go deeper: What we know about Trump Tower Moscow

Go deeper

58 mins ago - World

Pentagon warns of ISIS-K capabilities outside Afghanistan

The site of an airstrike conducted by the U.S. against a planner for ISIS-K in Nangarhar province, Afghanistan in August. Photo: Xinhua via Getty Images

U.S. intelligence believes ISIS-K has the "intent" to eventually launch attacks outside of Afghanistan and could be capable of doing so "somewhere between six or 12 months," a top Pentagon official told senators Tuesday.

Why it matters: The U.S. withdrawal and subsequent Taliban takeover of Afghanistan has raised fears that terrorist groups will reconstitute and potentially pose a renewed threat to the U.S. homeland.

Exclusive: Billionaires back new media firm to combat disinformation

Illustration: Aïda Amer/Axios

A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.

Why it matters: Good Information Inc. aims to fund and scale businesses that cut through echo chambers with fact-based information. As part of its mission, it plans to invest in local news companies.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Scoop: Sequoia Capital just blew up the VC fund model

Illustration: Aïda Amer/Axios

Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned.

Why it matters: Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception.