Tom Barrack, former inaugural Trump president, released on $ 250 million bail

Former Trump Inaugural Committee Chairman Tom Barrack was released from federal jail in California on $ 250 million bail on Friday ahead of his scheduled arraignment in New York for acting as an agent of the United Arab Emirates and obstructs justice.

As part of the conditions of his release, Barrack, 74, is under electronic surveillance and will have to foot the bill for his GPS ankle bracelet, Judge Patricia Donahue ordered, signing an agreement that had been reached between the government. and Barracks lawyers.

Barrack, a private investor and founder of investment firm Colony Capital, also had to surrender his passports and is not allowed to transfer funds overseas, the judge said. He cannot trade any securities without the written permission of federal prosecutors and is not allowed to transfer more than $ 50,000, with the exception of attorney fees.

He is due to be brought to justice in federal court in Brooklyn, New York, on Monday. His spokesperson said earlier this week that Barrack “is not guilty and will plead not guilty.”

A longtime friend of former President Donald Trump, Barrack has been behind bars since his arrest Tuesday on charges that he and two co-defendants “acted and conspired to act as agents” of the United Arab Emirates between April 2016 and April 2018, but without registering. as foreign agents.

Prosecutors said Barrack and the others acted “to advance the interests of the United Arab Emirates (UAE) in the United States under the leadership of senior United Arab Emirates officials in influencing the campaign’s foreign policy positions. a candidate for the 2016 US presidential election and, subsequently, the foreign policy positions of the US government in the new administration. “

Barrack was also charged with obstructing justice and making multiple false statements to federal law enforcement officials.