Trump ally Tom Barrack to be released on $ 250 million bail

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Thomas J. Barrack, the prominent Los Angeles investor and longtime ally of former President Trump, was due to be released from prison on Friday on $ 250 million bail pending trial on obstruction of justice and acting secretly as agent of United Arab Emirates.

US magistrate Patricia Donahue ordered Barrack’s release after the wealthy real estate developer agreed to pay the huge sum as a guarantee that he would not flee the country to avoid prosecution. Barrack will provide $ 5 million in cash, over 21 million shares of the company he founded, now known as DigitalBridge Group, and his son, ex-wife and a DigitalBridge executive have all signed. their personal residences.

Barrack, 74, was not present at the hearing in downtown LA, and his lawyers and relatives appeared remotely. Since his arrest on Tuesday, Barrack, 74, has been held at the West Valley Detention Center in Rancho Cucamonga and was due for release on Friday afternoon after authorities placed him in a bracelet with GPS monitoring.

Earlier Friday, Barrack’s co-defendant Matthew Grimes, 27, was also released in lieu of a $ 5 million bond guaranteed by his parents and brother as well as his parents’ residence in Santa Barbara.

Both men were ordered to appear on arraignment in federal court in New York on Monday.

Prosecutors had attempted to keep Barrack in custody, arguing in a court filing that Barrack posed a flight risk, given that he is “an extremely wealthy and powerful individual with substantial ties to Lebanon, the United Arab Emirates and the United Arab Emirates. Kingdom of Saudi Arabia “. They noted that he had made more than 75 international trips in the past five years, including a trip to the United Arab Emirates as recently as March. Prosecutors also said Barrack had significant foreign assets – and deep ties abroad – that “would allow him to live comfortably as a fugitive for many years to come.”

As part of the conditions of his release, the magistrate prohibited Barrack from having contact with Emirati or Saudi officials; limited its travel to parts of New York and California included in the Southern and Eastern Districts of the Federal Judicial System of New York and the Central District of California; asked him to travel only by car or by commercial air carriers; and mandated that Barrack provide the government with directions when traveling between New York and California.

In the seven-count indictment, Barrack was charged with leading a years-long covert effort to shape Trump’s foreign policy as candidate and later president, all for the benefit of the United States. United Arab Emirates.

The indictment states that four UAE officials “tasked” Barrack, Grimes and a third man, Rashid Al-Malik, with influencing public opinion through media appearances; shaping the foreign policy positions of the Trump campaign and, later, the Trump administration; and develop “a roundabout line of communication” with the US government that has promoted the interests of the Emirates.

Prosecutors allege Barrack directly pressured the Trump administration to drop a Camp David meeting between Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates in a multinational blockade of Qatar, a held meetings and appeals between UAE officials and members of the campaign and the Trump administration, and advised Al-Malik to create a “wish list” of political achievements the UAE wanted during the Trump administration.

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