Equity investor and Trump ally Tom Barrack pleads not guilty in illegal lobbying case
Private Equity investor and Trump ally Thomas Barrack was pleaded not guilty on Monday, for illegally lobbying former U.S President Donald Trump for the United Arab Emirates.
Barrack was arrested on Tuesday, July 20 along with Matthew Grimes, 27 in Los Angeles.
A $250 million bond was maintained by the judge during arraignment, reported CNBC. Barrack’s bail is considered to be one of the largest criminal bails in history.
According to CNBC, under the release bond, Barrack is only allowed to travel to southern California to visit his children, and to New York for court appearances. He is also refrained from making any foreign financial transactions.
Barrack was arrested on a seven-count indictment including secretly lobbying Trump for UAE between 2016 and 2018 and for making false statements during an interview with federal authorities in 2019.