Huge bail for Trump crony on influence peddling charges

The chair of former President Donald Trump’s inaugural committee was ordered freed yesterday on US$250 million (NZ$358 million) bail to face charges he secretly worked as an agent for the the United Arab Emirates to influence Trump’s foreign policy.

Tom Barrack, 74, will be subject to electronic monitoring and largely confined to his residence after he is arraigned on Tuesday in a New York courtroom. He was arrested on Wednesday in Los Angeles near his home.

Barrack is expected to plead not guilty to conspiring to influence US policy on the UAE’s behalf during Trump’s 2016 campaign and while Trump was president. Barrack, the founder of private equity firm Colony Capital, was among three men charged in the case.

Prosecutors said Barrack used his long personal friendship with Trump to benefit the UAE without disclosing his ties to the US government.

US Magistrate Judge Patricia Donahue in Los Angeles ordered strict conditions for Barrack’s release. He must surrender his passport, wear a GPS-monitor to track his whereabouts, limit travel between Southern California and New York City and obey a curfew.

Barrack is charged with conspiracy, obstruction of justice and making multiple false statements during a June 2019 interview with federal agents. Matthew Grimes, 27, a former executive at Barrack’s company from Aspen, Colorado, and Rashid al Malik, 43, a businessman from the UAE who prosecutors said acted as a conduit to that nation’s rulers, were also charged in the sevencount indictment. Grimes was ordered released on US$5 million bail. Al Malik fled the US three days after an April 2018 interview by law enforcement and remains at large.

Barrack is one of several of the former president’s associates to face criminal charges, including his former campaign chair, his former deputy campaign chair, his former chief strategist, his former national security adviser, his former personal lawyer and his company’s longtime chief financial officer.

Barrack was an informal adviser to Trump’s 2016 campaign before becoming the inaugural committee chair.

He raised US$107 million for the lavish celebration scrutinised both for its spending and for attracting numerous foreign officials and businesspeople looking to lobby the new administration.