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Photo: William B. Plowman/NBC/NBC Newswire/NBCUniversal via Getty Images

Subpoenas issued by federal prosecutors in recent weeks suggest a sweeping investigation is being conducted into Rudy Giuliani and his associates, with potential charges including obstruction of justice, fraud and money laundering, the Wall Street Journal first reported and the Washington Post confirmed.

What we know: Prosecutors have issued subpoenas seeking records and information related to Giuliani and two associates, Lev Parnas and Igor Fruman, who have already been indicted on campaign finance violations. The investigation is being led by the FBI and the Southern District of New York, the U.S. attorney's office that Giuliani once ran.

  • Giuliani has denied any wrongdoing. Parnas and Fruman have pleaded not guilty.
  • Prosecutors are also seeking information about the pro-Trump groups America First Action and America First Policies.

The subpoenas suggest that the following charges are being considered, according to the Journal.

  • Obstruction of justice
  • Money laundering
  • Conspiracy to defraud the United States
  • Making false statements to the federal government
  • Serving as an unregistered foreign agent
  • Donating funds from foreign nationals
  • Making contributions in a false name
  • Mail fraud
  • Wire fraud

The big picture: Giuliani, President Trump's personal lawyer, is a key figure in the House's impeachment inquiry due to allegations that he led a shadow campaign to pressure Ukraine to announce investigations into Trump's political rivals.

  • Parnas and Fruman helped introduce Giuliani to Ukrainian officials involved in promoting unsubstantiated allegations about Joe Biden and his son, as well as former U.S. Ambassador to Ukraine Marie Yovanovitch, who was removed from her post as a result.
  • At times, those efforts intersected with Parnas' and Fruman's business interests, per the Journal. Since being indicted, Parnas has signaled that he is willing to cooperate in the impeachment inquiry.

Go deeper:

Go deeper

2 hours ago - World

World leaders react to "new dawn in America" under Biden administration

President Biden reacts delivers his inaugural address on the West Front of the U.S. Capitol on Wednesday. Photo: Alex Wong/Getty Images

World leaders have pledged to work with President Biden on issues including the COVID-19 pandemic and climate change, with many praising his move to begin the formal process for the U.S. to rejoin the Paris Climate Agreement.

The big picture: Several leaders noted the swift shift from former President Trump's "America First" policy to Biden's action to re-engage with the world and rebuild alliances.

Updated 5 hours ago - Politics & Policy

In photos: The Biden and Harris inauguration

President Biden and first lady Jill Biden watch a fireworks show on the National Mall from the Truman Balcony at the White House on Wednesday night. Photo: Chip Somodevilla/Getty Images

President Biden signed his first executive orders into law from the Oval Office on Wednesday evening after walking in a brief inaugural parade to the White House with first lady Jill Biden and members of their family. He was inaugurated with Vice President Kamala Harris at the U.S. Capitol on Wednesday morning.

Why it matters: Many of Biden's day one actions immediately reverse key Trump administration policies, including rejoining the Paris Agreement and the World Health Organization, launching a racial equity initiative and reversing the Muslim travel ban.

Republicans pledge to set aside differences and work with Biden

President Biden speaks to Sen. Mitch McConnell after being sworn in at the West Front of the U.S. Capitol on Wednesday. Photo: Erin Schaff-Pool/Getty Images

Several Republicans praised President Biden's calls for unity during his inaugural address on Wednesday and pledged to work together for the benefit of the American people.

Why it matters: The Democrats only have a slim majority in the Senate and Biden will likely need to work with the GOP to pass his legislative agenda.

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