Politics Tom Barrack, former Trump inaugural chair, released on $250 million bond
Trump's 2017 inaugural chairman charged with multiple felony counts of illegal lobbying, obstruction of justice, and false statements
Tom Barrack and two other defendants were charged with seven felony counts and accused of acting as unregistered foreign agents.Two other defendants - Matthew Grimes and Rashid Al Malik - were also charged along with Barrack. According to the indictment, the three defendants are accused of acting and conspiring to act as agents of the United Arab Emirates (UAE) between April 2016 and April 2018. Barrack, specifically, was also charged with obstruction of justice and making false statements during a June 2019 interview with FBI agents.
Former Trump inaugural committee chair Tom Barrack on Friday was released from federal lockup in California on a $250 million bond ahead of his scheduled arraignment in New York onand obstructed justice.
As part of the terms of his release, Barrack, 74, is subject to electronic monitoring and will have to foot the bill for his GPS ankle bracelet, Judge Patricia Donahue ordered, signing off on an agreement that had been worked out between the government and Barrack's attorneys.
Barrack, a private equity investor and founder of the investment firm Colony Capital, also had to surrender his passports and is barred from transferring funds overseas, the judge said. He cannot trade any securities without written permission from federal prosecutors and is not allowed to transfer more than $50,000, except for attorneys fees.
Every Trump campaign and administration official who has been indicted on federal criminal charges
Tom Barrack, the chair of Trump's 2017 inaugural committee, was charged Tuesday with foreign lobbying violations, obstruction, and false statements. Barrack, the 8th former Trump official to face federal charges, will plead not guilty. See more stories on Insider's business page. Tom Barrack, the chairman of former President Donald Trump's 2017 Inaugural Committee, became the 8th former official in Trump's orbit to be hit with federal criminal charges on Tuesday.
Video: Thomas Barrack, Trump’s inaugural committee chair, will plead not guilty to federal charges (NBC News)
He's scheduled to be arraigned in federal court in Brooklyn, New York, on Monday. His spokesman said earlier this week that Barrack "is not guilty and will be pleading not guilty."
A longtime friend of former President Donald Trump, Barrack had been behind bars since his arrest Tuesday on charges that he and two co-defendants were "acting and conspiring to act as agents" of the UAE between April 2016 and April 2018, but without registering as foreign agents.
Prosecutors said Barrack and the others acted "to advance the interests of the United Arab Emirates (UAE) in the United States at the direction of senior UAE officials by influencing the foreign policy positions of the campaign of a candidate in the 2016 U.S. presidential election and, subsequently, the foreign policy positions of the U.S. government in the incoming administration."
Barrack was also charged with obstruction of justice and making multiple false statements to federal law enforcement agents.
Billionaire investor Tom Barrack pulls SPAC plans after indictment .
A blank-check firm backed by Tom Barrack, the billionaire investor who was chairman of Donald Trump's inaugural committee in 2017 and is a close friend of the former president, has withdrawn plans to take the company public after Barrack was charged with illegal foreign lobbying earlier this week. © Christopher Goodney/Bloomberg/Getty Images Thomas Barrack, executive chairman of Colony NorthStar Inc., listens during a Bloomberg Television interview in New York, U.S., on Tuesday, Jan. 31, 2017. Falcon Peak Acquisition Corp.