Trump ally Barrack arrested on foreign lobbying charges -U.S. Justice Department By Reuters

© Reuters. 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/Henry Romero

By Jan Wolfe

WASHINGTON (Reuters) – Thomas Barrack, a billionaire friend of Donald Trump who chaired the former president’s inaugural fund, has been arrested on charges including unlawful foreign lobbying and obstruction of justice, the U.S. Justice Department said on Tuesday.

Barrack is accused of unlawfully advancing the interests of the United Arab Emirates (UAE) in the United States. He is also alleged to have lied to FBI agents during an interview about his dealings with the UAE.

Barrack, 74, is a longtime Trump ally and founder of the large private equity firm Colony Capital (NYSE:). Barrack stepped down at Colony Capital’s chief executive in 2020. In April, he resigned as executive chairman of the firm.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button