Thomas Barrack Biography Thomas Barrack Wiki
Thomas Barrack, a private equity investor close friend of former President Donald Trump, was arrested Tuesday morning on federal charges of Trump’s illegal lobbying in the UAE, the Justice Department said.
Thomas Barrack was taken into custody in California & indicted on foreign lobbying charges related to his dealings with the United Arab Emirates, according to an indictment filed in Brooklyn federal court. https://t.co/GUuzOqrdi7
— 👑 Boomer-centric Society 👑 (@banana_boomer) July 20, 2021
Barrack, indicted in seven stages by the New York federal court, served as president of Trump’s founding fund in 2017.
Barrack, 74, is a longtime friend of Trump and founder of the large private equity firm Colony Capital.
Barrack stepped down as CEO of Colony Capital in 2020. In April, he stepped down as CEO of the company.
A Trump spokesperson did not immediately respond to CNBC’s request for comment on the arrest.
A Barrack spokesperson was initially unavailable for comment.