Imaad Zuberi pleaded guilty to tax evasion for filing false foreign agent registration records and providing illegal campaign contributions to various presidential election campaigns.
A Federal Judge in California on Thursday sentenced a venture capitalist who donated nearly $1 million to former President Donald Trump's inaugural committee to 12 years in prison for falsifying records to hide his work as a foreign agent while lobbying high-level U.S. officials.
Imaad Zuberi was also fined $1.75 million and ordered to pay $15.7 million in restitution.Zuberi, 50, agreed to plead guilty in 2019 to tax evasion, filing false foreign agent registration records and providing almost $1 million in illegal campaign contributions to various presidential election campaigns and other candidates for elected office, according to the U.S. Attorney's Office for the Central District of California.
He previously donated to a host of Republican and Democratic politicians, including former Democratic presidential contender Hillary Clinton in 2015, Sen. Lindsey Graham, R-S.C., in 2014, then-California Attorney General Kamala Harris in 2015, and former President Barack Obama's presidential re-election campaign in 2011.
"The violations were part of a larger surreptitious effort to route foreign money into U.S. elections and to use it to corrupt U.S.policy-making processes," Federal prosecutors said in a court filing. They added "the court should reject Zuberi's characterization that illegal foreign interference and by funneling money to influence US policymaking and elections was the 'way America works."
Prosecutors say Zuberi solicited foreign nationals and representatives of foreign governments, claiming he could use his influence in Washington to alter U.S. foreign policy and open up business opportunities for his clients.
Zuberi went to great lengths to pull off his scheme — hiring lobbyists, retaining public relations professionals and making campaign contributions — and in the process gained access to high-level U.S. officials, according to federal prosecutors.
Illegal money was funneled from foreign entities over five years between 2012 and 2016, prosecutors said. Officials have not reveal the source of the $900,000 that Zuberi donated to the Trump inaugural committee in December 2016.
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