The paper reported that Stripe had been requested by federal prosecutors to supply documents in the subpoena, which was issued by the U.S. attorney's office in the southern district of NY, and is reported to have stemmed from the investigation into Michael Cohen, the president's former lawyer.
President Donald Trump dances with first lady Melania Trump at the Liberty Ball in 2017. Zuberi, who had raised money for President Barack Obama and Hillary Clinton, was reportedly trying to develop a relationship with Trump. In May, ABC News reported that Special Counsel Robert Mueller was questioning witnesses - including committee chairman Thomas Barrack - about donations to the committee, specifically those coming from donors with connections to Russia, Saudi Arabia, the United Arab Emirates and Qatar. Foreign contributions to inaugural funds and PACs are prohibited under federal law.
Federal prosecutors' sweeping subpoena for records related to President Trump's inaugural committee begins a new legal headache for the administration, threatening to extend his troubles into the 2020 election.More news: Apex Legends had over 2.5 million players in its first day
The US attorney's office in Brooklyn is separately investigating whether inaugural officials helped foreigners illegally funnel donations to Trump's inaugural committee using so-called straw donors to disguise their donations, people briefed on that inquiry said.
Reports of the subpoena have also been reported by CNN and ABC News as well.
Late previous year, when reports of the inaugural committee probe first surfaced, Trump's press secretary, Sarah Huckabee Sanders, told reporters that it didn't involve the president.
Trump inaugural committee documents are subpoenaed...More news: Animal Protectionists call for life ban of trainer after jiggers found
Zuberi's support for Trump marked a swift reversal for a financier who had been a major Democratic giver. In December, it was reported that the Southern District of NY was also investigating potential corruption within the committee.
Trump's legal predicament with the Southern District presents a distinct problem for the president. Barrack told the AP he was not a target of the Mueller investigation, which has been looking into Russian interference in the 2016 elections.
Judge Andrew Napolitano said Tuesday that a NY federal probe is looking into whether unlawful foreign donations were made to President Trump's inaugural committee. In August, prosecutors in Washington charged lobbyist Sam Patten, who would plead guilty to acting as an unregistered federal agent for a Ukrainian political party.More news: Mavericks trading Harrison Barnes to Kings for Justin Jackson, Zach Randolph