• Sunday, Oct 24, 2021
  • Last Update : 01:11 pm

US Justice Department: Trump ally Barrack arrested on foreign lobbying charges

  • Published at 01:02 pm July 21st, 2021
Barrack
File photo: Billionaire real estate investor Thomas Barrack, Chief Executive Officer of Colony Capital, holds a meeting with the media to discuss investment plans in Mexico and Latin America, in Mexico City, Mexico May 22, 2019 Reuters

Barrack, who was arrested in Los Angeles, is also alleged to have repeatedly lied during an FBI interview about his dealings with the UAE

Thomas Barrack, a billionaire friend of Donald Trump who chaired the former president's inaugural fund, was arrested on Tuesday and charged with illegally lobbying the Trump administration on behalf of the United Arab Emirates.

A seven-count indictment filed by federal prosecutors in Brooklyn, New York, alleged that Barrack, a former employee and an Emirati businessman failed to register as lobbyists and used their influence to advance the UAE's foreign policy goals in the United States.

Barrack, who was arrested in Los Angeles, is also alleged to have repeatedly lied during an FBI interview about his dealings with the UAE.

Barrack's spokesperson refuted the charges. "Mr. Barrack has made himself voluntarily available to investigators from the outset. He is not guilty and will be pleading not guilty," the spokesperson said.

US Department of Justice official Mark Lesko said in a news release that "the defendants repeatedly capitalized on Barrack’s friendships and access to a candidate who was eventually elected president, high-ranking campaign and government officials, and the American media to advance the policy goals of a foreign government without disclosing their true allegiances."

Barrack, 74, is a longtime Trump ally and founder of the digital infrastructure-focused private equity firm DigitalBridge Group Inc, which was known as Colony Capital Inc before a rebranding announced in June.

Barrack stepped down as DigitalBridge's chief executive in 2020. In April, he resigned as executive chairman of the firm but has remained as a non-executive director. Forbes estimates his wealth at $1 billion.

DigitalBridge has about $32 billion in digital assets under management, which includes data centers across North America and the UK. Barrack owns about 5.7% of DigitalBridge, whose shares closed down 1.4% at $6.93 on Tuesday.

A spokeswoman for DigitalBridge declined to comment.

Barrack was a prominent supporter of Trump’s successful 2016 presidential campaign and directed his inaugural committee.

Federal prosecutors are seeking to have Barrack held in detention, saying in a court filing that his vast wealth, access to private jets and history of international travel indicate he could become a fugitive.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail