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

Stock MarketsJul 20, 2021 09:50PM ET
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© 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 and Chibuike Oguh

WASHINGTON/NEW YORK (Reuters) -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.

U.S. 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 (NYSE:DBRG) 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.

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

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Comments (15)
Kaveh Sun
Kaveh Sun Jul 21, 2021 2:32AM ET
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Kicking Dirt. Whats the big deal? Ur friend always try to convince u something.
Investing Man
Investing Man Jul 21, 2021 2:12AM ET
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So glad trump and his losers lost the election
Forex Harbingers
Forex Harbingers Jul 20, 2021 11:56PM ET
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Its funny that all this is coming out as the AZ audit is showing proven fraud. 74,000 more mail in ballots counted than were even mailed out is the most egregious. I dont even need to point out the other points, as 74k is enough to flip AZ, and give credence to all the other states working towards their own audits.
DJ Ryte
DJ Ryte Jul 20, 2021 11:42PM ET
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and Hunter isn't a foreign lobbyist???
Bret Lafrance
Bret Lafrance Jul 20, 2021 11:17PM ET
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who and why are people defending a potential criminal, is it because he’s a friend of Trump. Don’t worry about him, he will eat up the publicity and no billionaire will ever be convicted of anything (for very long) in this country
William Smith
William Smith Jul 20, 2021 10:55PM ET
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The swamp destroys their enemies one by one while nourishing the misdeeds of their fellow swamp rats.
Alan Rice
Alan Rice Jul 20, 2021 6:27PM ET
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LOTS of "smoke" for FBI to investigate re: previous "Administration ". GO SAM !!
David JC
David JC Jul 20, 2021 5:48PM ET
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Gee..I wonder when Hunter Biden will be arrested for Ukraine, Russia and China dealings?
Alan Rice
Alan Rice Jul 20, 2021 5:48PM ET
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IF/When Interpol feels there is A POSSIBILITY of wrong doing.
Tom Lemon
Tom Lemon Jul 20, 2021 5:48PM ET
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only one guilty of illegal dealings with those three countries... trump
Adrian White
Adrian White Jul 20, 2021 5:48PM ET
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Gee, when did it become illegal to have "dealings" with those countries? Oh, never? (You need to have committed a crime to be arrested).
Bob Collins
Bob Collins Jul 20, 2021 5:48PM ET
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Tom Lemon - so ignorant.
Bob Collins
Bob Collins Jul 20, 2021 5:48PM ET
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Adrian White - leftist propaganda.
Jan Buyle
Jan Buyle Jul 20, 2021 4:58PM ET
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Another Trump mafia member busted... my guess is that it will not be the last...
Chris Sundo
Chris Sundo Jul 20, 2021 4:42PM ET
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TRUTH WILL *******HIM IN THE END. -- It's a VERY important message in democracy, to verify the truth, no matter what the Trump cult members think in their mental derangement
Chris Sundo
Chris Sundo Jul 20, 2021 4:42PM ET
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B.I' .T.E.
Joseph Armour
Joseph Armour Jul 20, 2021 4:29PM ET
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Machiavellian politics is fully in view for all to see now. Funny how democrats think the Republican party will never hold sway over the US government again. If they did they would realize the payback coming is going to be 2 x worse. Ah well, back to the 1200's again.
Chris Sundo
Chris Sundo Jul 20, 2021 4:29PM ET
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You under-estimate the intelligence of the USA population. A Trump future is no future because a crook politician can be identified not only by the way he acts, not only by the company he keeps,  not only by the court decisions against him, not only by the annoying and disrespectful content he spews, not only by the rac 'ist impact he has on the population, not only by the way he publicly displays his manners when he is tested to the core but also by the estimated future that America needs to win against its competitors, the axis of e' vi 'l which is slowly gaining ground. Let's face it: American youth are no longer fit (mentally and physically) to defend their country. The Axis of E_ vi ^L is gaining ground rapidly too, and America can not afford to have a despot and demagogue like Trump to recover from and to mop up after. As it is, non-Axis of e vi l countries of Asia and those of Europe are quickly advancing ahead of America.
Joseph Armour
Joseph Armour Jul 20, 2021 4:29PM ET
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Your assumption I am a Trump supporter shows you do not read well. I am no supporter of either bought and paid for puppet. Not Trump or Biden. Read the Federalist papers; you may learn something.
Bob Collins
Bob Collins Jul 20, 2021 4:29PM ET
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Chris Sundo Trump is the leader of the America First movement. But MAGA is a movement, not a man. We believe in the sovereignty and cooperation of all free and democratic nations. The movement is the nation’s last and only hope to stand up against Marxism, Globalism, the EU, the Neofeudalist Totalitarianism of the party of Davos and the DNC/CCP alliance that seeks to destroy American values of individual liberties, the nuclear family, and the belief that we are defined not by the color of one’s skin but by the content of one’s character.
Bob Collins
Bob Collins Jul 20, 2021 4:29PM ET
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Chris Sundo Opposition to Trump is defacto support of Marxism, Globalism, and Neofeudalist Totalitarianism. Period.
Felipe Daniel
Felipe Daniel Jul 20, 2021 4:28PM ET
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Hillary trafficked children
Ed Glass
EddieG Jul 20, 2021 4:28PM ET
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guess what, your Florida congress man ***trafficked children.
Klaus Weyers
Klaus Weyers Jul 20, 2021 4:22PM ET
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please arrest hillary and hunter as well.. they are much worse
Chris Sundo
Chris Sundo Jul 20, 2021 4:22PM ET
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keep dreaming. Ignrance makes strong. Look at Trump ;)  the utter fool
Tom Lemon
Tom Lemon Jul 20, 2021 4:22PM ET
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if course hillary was investigated time and time again. and no charges. hunter is a recovering drug addict and nothing more. trump is a self admitted sexual predator.
Dave Jones
Dave Jones Jul 20, 2021 4:02PM ET
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I blame Trump for everything
Klaus Weyers
Klaus Weyers Jul 20, 2021 4:02PM ET
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such an ignorant comment.. clearly shows watching too much msnbc.. smile
Joe Bitman
Joe Bitman Jul 20, 2021 3:39PM ET
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Of course, anyone mefia can tie to “ orangeman bad” theyll headline it. Meanwhile the looting and fleecing of america goes unchecked and enreported under Buyden
Jeffrey Drake
Jeffrey Drake Jul 20, 2021 3:39PM ET
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Yeah, it was the MEDIA who tied Barrack, Flynn, Cohen, Manafort, Pruitt, Guilliani, Barr, the 3-percenters and other Insurrectionists, Linn Wood, Majorie Greene, and The Kracken to Trump. Right. It was Trump Who has spent well over $100 million to travel, play golf, at his “White House South.” I dont care he’s orange. I do care he is corrupt.
Bob Collins
Bob Collins Jul 20, 2021 3:39PM ET
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Jeffrey Drake Spoken like a true Globalist, supporter of the new world order of Neofeudalist Totalitarianism. Carry on comrade…
Adrian White
Adrian White Jul 20, 2021 3:39PM ET
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Bob, is that your new favorite catch-all term for anybody whose views you don't agree with? Absolutely nothing Jeffrey said was indicative neo-feudalism, totalitarianism, or globalism, which I think you use simply as an insult without actually understanding the meaning of the words. What Jeffrey said simply shows he doesn't like Trump, or corruption.
Bob Collins
Bob Collins Jul 20, 2021 3:39PM ET
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Adrian White views are one thing. Propaganda is a tool of the leftist medai and the Globalist Totalitarians. Jeffrey should try actually reading declassified documents and House Intelligence testimony instead of spreading Rachael Maddow’s lies and misinformation.
 
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