Elliott B. Broidy (born July 18, 1957) is an American venture capitalist, Republican fundraiser, and philanthropist. From 2005 to 2008 he was finance chairman of the Republican National Committee (RNC). Broidy is Jewish.
Becoming interested in politics after the 9/11 attacks, he joined the Republican Jewish Coalition and ultimately became a member of the board of directors, a position he still holds. Between 2002 and 2004 he became a “Super Ranger", donating more than $300,000 to re-election campaign of President George W. Bush. From 2004 to 2006 he raised campaign funds for many Republican candidates. In late 2005 he was selected to serve as finance chairman for the Republican National Committee (RNC) from 2006–2008.
In October 2006, he hosted a fundraiser for Bush, where US$1 million was raised. Later that year, he was appointed by Homeland Security Secretary Michael Chertoff to the Homeland Security Advisory Council as well as the Terrorism Task Force and New Technology Task Force.
In 2016 Broidy served as a vice chairman of the Trump Victory Committee, a joint fundraising committee between the Donald Trump campaign and the RNC. In addition, he served as a vice chairman of the Presidential Inaugural Committee. In April 2017 Broidy was named a national deputy finance chairmen of the RNC
In October 2017 in a private meeting with U.S. president Donald Trump, Broidy praised a paramilitary force his company Circinus was creating for the UAE. He urged the president to meet with the UAE's military commander Crown Prince Mohammed bin Zayed al-Nahyan, to support the UAE's hawkish policies in the Middle East, and to fire U.S. Secretary of State Rex Tillerson. He was also harshly critical of Qatar, an American ally at odds with the UAE. Both Bannon and Kushner supported President Trump meeting George Nader, who is a very strong lobbyist for the UAE and Saudi Arabia.
Broidy served on the board of governors and the endowment committee of Hebrew Union College and the board of trustees of the Hillel Foundation, as well as the Center for Investment Studies at the Marshall School of Business at his alma mater, the University of Southern California. He served on the board of governors of the Cedars-Sinai Medical Center and the board of trustees of the Simon Wiesenthal Center. He was the 2008 recipient of the Raoul Wallenberg Award by the Raoul Wallenberg Committee of the United States for his Jewish philanthropy.
In 2009, Broidy entered a guilty plea to a single felony count of attempting to provide excess gratuity to former New York State Comptroller Alan Hevesi. The charge was later reduced to a misdemeanor in exchange for cooperation that helped lead to the conviction of Hevesi and six other pension officials. Broidy had provided $1 million in illegal gifts to New York State pension authorities. The gifts included luxury trips to Israel, payouts, and an undisclosed investment in a film produced by the brother of the chief investment officer of the New York State Retirement Fund. In exchange for the gifts, the state pension fund had invested $250 million with Markstone Capital Partners.
In March 2018, The Wall Street Journal reported that Broidy had been in negotiations to earn tens of millions of dollars by lobbying the U.S. Justice Department to drop its investigation into a multibillion-dollar graft scandal involving a Malaysian state investment fund, 1MDB, according to emails reviewed by the Journal. One email showed a proposal that would have given Broidy and his wife $75 million if they got the Justice Department to drop its probe into 1MDB. Broidy also prepared talking points for Malaysian Prime Minister Najib Razak to tell Trump during his 2017 visit to Washington, DC. This included playing up Malaysia's relationship with the U.S. in fighting North Korea and arguing against pursuing legal action against 1MDB.
Broidy is under an investigation launched by the Prosecutor General of Ukraine for Broidy's June 12, 2014, deal to provide political support for VTB Bank and Investment Capital Ukraine (ICU), which acts as a financial advisor to President of Ukraine Petro Poroshenko. Broidy was to receive five payments of $2.5 million each through the British Virgin Islands firm with a Dubai address, Quillas Equities SA, which has Yuri Soloviev as a large shareholder according to the Panama Papers. Yuri Soloviev is a member of the management board for VTB and is the first deputy president and chairman of its management board. Yuri Soloviev's Quillas Equities has accounts in the Swiss Pictet Bank through which money transfers often occur to the VTB owned bank in Cyprus, RCB Cyprus.
In March 2018, The New York Times reported that Lebanese-American businessman George Nader "worked for more than a year to turn [Elliott Broidy] into an instrument of influence at the White House for the rulers of Saudi Arabia and the United Arab Emirates, according to interviews and previously undisclosed documents. ...High on the agenda of the two men...was pushing the White House to remove Secretary of State Rex W. Tillerson, backing confrontational approaches to Iran and Qatar and repeatedly pressing the president to meet privately outside the White House with the leader of the U.A.E."
On April 13, 2018, The Wall Street Journal reported that Broidy had a sexual relationship with the Playboy Playmate Shera Bechard, resulting in a pregnancy in late 2017. The model later had an abortion. Donald Trump’s personal lawyer Michael Cohen negotiated for Broidy to pay $1.6 million for the woman's silence. The settlement was falsely characterized at the time as a personal injury settlement. In response to the Journal article, Broidy issued a statement acknowledging that he had had a "consensual relationship with a Playboy Playmate", that Cohen had contacted him after being approached by the woman's attorney, Keith M. Davidson, and that Broidy had then hired Cohen to work out a non-disclosure agreement. Broidy resigned his post at the RNC the same day the article appeared.
Foundation for Defense of Democracies ⁕ (Business)
Donald J. Trump (Business)
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Last updated: Fri Jul 06 2018 21:53:37
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