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President Trump has pardoned Elliott Broidy, a former top Republican fundraiser who pleaded guilty late last year to conspiring to violate foreign lobbying laws as part of a campaign to sway the administration on behalf of Chinese and Malaysian interests.

Why it matters: Broidy was a deputy finance chair for the Republican National Committee early in Trump’s presidency, and attempted to leverage his influence in the Trump administration on behalf of his clients. The president's decision to pardon Broidy represents one last favor for a prominent political ally.

Background: Broidy's guilty plea covered his undisclosed work on behalf of Jho Low, a fugitive accused of stealing billions of dollars from a Malaysian investment fund.

  • As part of his plea, Broidy admitted to accepting millions to lobby the Justice Department to back off efforts to seize Low's assets.
  • He also admitted to working behind the scenes to push for the extradition of Guo Wengui, a billionaire Chinese exile and ally of former Trump strategist Steve Bannon.

Broidy resigned from his position at the RNC in 2018, after he was revealed to have paid $1.6 million to a former Playboy model in exchange for her silence about their extramarital affair.

  • The payment was facilitated by Michael Cohen, Trump’s former personal lawyer, who has since served a prison term and turned into a leading Trump critic.

Go deeper

Off the Rails

A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”

President Trump was almost shouting. He directed his son-in-law and his senior strategist from his private quarters at the White House late on election night. He barked out the names of top Fox News executives and talent he expected to answer to him.

48 mins ago - World

COVID cases surge in South Africa in sign Omicron wave is coming

Recreated from Our World in Data; Chart: Axios Visuals

South Africa alerted the world to the Omicron variant. Now data out of South Africa may serve as a warning of what we're facing.

Driving the news: South Africa recorded 11,535 new cases Thursday with 22.4% of tests coming back positive — up from an average of about 300 new cases, with a 2% test positivity rate 10 days earlier. The country's top public health officials expect that exponential rise to continue as Omicron rapidly becomes the dominant variant.

BuzzFeed to go public, after shareholders approve SPAC deal

Photo by Charley Gallay/Getty Images for BuzzFeed

BuzzFeed is set to become publicly traded on Monday, after shareholders of a SPAC called 890 Fifth Avenue Partners voted to approve a previously-announced merger.

Yes, but: The vast majority of the money the SPAC raised in January was yanked, a signal that investors aren't very optimistic about BuzzFeed's future prospects.