L.A. investor and Trump ally Tom Barrack to be released on $250M bail package
Thomas J. Barrack, the prominent Los Angeles investor and longtime ally of former President Trump, was expected to be released from jail Friday on a $250-million bond while he awaits trial on charges of obstruction of justice and covertly acting as an agent of the United Arab Emirates.
Barrack, 74, was not present during the hearing in downtown L.A., and his attorneys and relatives appeared remotely. Since his arrest Tuesday, Barrack, 74, has been held in the West Valley Detention Center in Rancho Cucamonga and was scheduled to be released Friday afternoon after authorities place a bracelet with GPS monitoring on him.
Prosecutors had tried 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 UAE and the Kingdom of Saudi Arabia.” They noted he had taken more than 75 international trips over the last five years, including a trip to the UAE as recently as March.
In the seven-count indictment, Barrack was accused of conducting a secretive, years-long effort to shape Trump’s foreign policy as a candidate and later, president, all to the benefit of the UAE.
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