A hefty donation to Trump's inaugural comes under scrutiny
Real estate mogul Franklin Haney contributed $1 million to President Donald Trump's inaugural committee and all he's got to show for the money is the glare of a federal investigation.
The contribution from Haney, a prolific political donor, came as he was seeking regulatory approval and financial support from the government for his long-shot bid to acquire the mothballed Bellefonte Nuclear Power Plant in northeastern Alabama. More than two years later, he still hasn't closed the deal.
His tale is a familiar one in Washington, where lobbyists and wealthy donors use their checkbooks to try to sway politicians. It's a world Haney is accustomed to operating in and one that Trump came into office pledging to upend. Yet Trump has left in place many of the familiar ways to wield influence.
Haney's hefty donation to Trump's inaugural committee is being scrutinized by federal prosecutors in New York who are investigating the committee's finances. Their probe is focused in part on whether donors received benefits after making contributions.
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