Fundraiser Posts $3 million Bond on Campaign Finance Charges
A prolific fundraiser charged with funneling illegal foreign campaign contributions to American political candidates surrendered to authorities in Los Angeles on Wednesday and was released on $3 million bond. The court appearance came about a week after prosecutors announced charges against Imaad Zuberi, a venture capitalist who raised millions of dollars for both Democratic and Republican political candidates and committees, including former Secretary of State Hillary Clinton and President Donald Trump. Zuberi has agreed to plead guilty to tax evasion, violating campaign finance laws and concealing his work as a foreign agent as he lobbied high-level U.S. government officials. He faces up to 15 years in prison. Zuberi’s defense attorney declined to comment. Zuberi, 49, is accused of soliciting donations from foreign nationals and companies and giving the money to several political campaigns, violating a federal law that forbids foreign contributions. He claimed he could use his influence to change foreign policy and create business opportunities for clients and himself. Prosecutors have not alleged any campaign that received money from Zuberi was aware of his scheme or that any foreign nationals were aware of wrongdoing, and they did not identify the campaigns or foreign nationals in court papers. But The …