The feds are investigating whether President Trump’s 2017 inaugural committee misspent some of the record $107 million it raked in from donations, according to The Wall Street Journal.

The criminal probe by the Manhattan US Attorney’s Office is also scrutinizing whether some of the committee’s fat cat donors gave money in exchange for access to the Trump administration, policy changes they wanted or to influence Team Trump’s positions on issues, the paper reported Thursday, citing sources.

In addition, The New York Times reported Thursday night that prosecutors were looking into whether a pro-Trump Super PAC received illegal foreign donations.

Investigators are probing whether nations — including Qatar, Saudi Arabia and the United Arab Emirates — used straw donors to contribute money to the funds, the Times said.

Foreign contributions to campaign and political actions committees are illegal under federal law.

Giving money in exchange for political favors could be illegal, and diverting funds from the committee, which was registered as a nonprofit, could also violate federal law.

Many of the president’s biggest campaign backers were involved in the inaugural fund.

The investigation began partly because of information in the material seized in the federal probe of Trump’s former lawyer Michael Cohen.

In April raids at Cohen’s home, office and hotel room, FBI agents obtained a recorded conversation between Cohen and Stephanie Winston Wolkoff, a former adviser to Melania Trump, who worked on the inaugural events.

In the recording, Wolkoff expressed concern about how the inaugural committee was spending money, according to The Journal.

The recording is now in the hands of federal prosecutors in Manhattan, a person familiar with the matter said.

“We are not aware of any evidence the investigation the Journal is reporting actually exists,” the committee said in a statement.

The inaugural committee has publicly identified vendors accounting for $61 million of the $103 million it spent but hasn’t coughed up any details on those expenses, according to tax filings.

As a nonprofit organization, the fund is only required to make public its top five vendors.

The committee raised more than double what former President Obama’s first inaugural fund reported raising in 2009, the previous record.

Trump’s funds came largely from wealthy donors and corporations who gave $1 million or more — including casino billionaire Sheldon Adelson, AT&T Inc. and Boeing Co., according to Federal Election Commission filings.

There was no sign that those three donors are under investigation, the paper said.

Prosecutors asked Richard Gates, a former campaign aide who served as the inaugural committee’s deputy chairman, about the fund’s spending and its donors, the sources said.

Gates has met with prosecutors from the Manhattan US Attorney’s Office and special counsel Robert Mueller’s office.

Gates pleaded guilty to conspiracy against the US involving foreign political consulting work unrelated to the campaign in February.

Gates agreed to cooperate with the Justice Department in ongoing investigations.

The committee was headed by Tom Barrack, a real estate developer and longtime pal of the president’s.

Mueller is also probing whether any foreign cash flowed to the inaugural fund, which is prohibited from accepting foreign funds.

The White House didn’t respond to the paper’s requests for comment on the investigation.