Breaking News: Trump Inauguration Spending Under Criminal Investigation by Federal Prosecutors

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Federal prosecutors in Manhattan are looking into whether President Trump‘s inaugural committee misspent funds or accepted donations in exchange for access to the administration, The Wall Street Journal reported Thursday.

The Journal reported that many of the president’s biggest campaign supporters were contributors to his inaugural fund. Donating in exchange for political favors or using funds for purposes other than the inauguration could violate federal laws.

The news outlet, citing people familiar with the matter, reported that the investigation is in its early stages, and stemmed from materials obtained during an FBI raid earlier this year of longtime Trump attorney Michael Cohen.

A lawyer close to the matter told the Journal that the inaugural committee has not been contacted by prosecutors.

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