Ex-Trump advisor Tom Barrack will go free on $250 million bail: What you need to know
A federal judge in Los Angeles freed private equity investor and Colony Capital Tom Barrack, ex-advisor and ally of former President Donald Trump, on $250 million bond Friday in his illegal lobbying case and failure to register as a foreign agent.
He secured his release with $5 million in cash. The court in Los Angeles also ordered him to wear a GPS monitoring bracelet, banned him from transferring any money overseas, imposed a curfew and restricted his travel to Southern California and New York, CNN reported.
He's scheduled to appear in court in Brooklyn on Monday.
Prosecutors on Tuesday urged the judge to keep Barrack, the son of Lebanese immigrants, in jail. They described him as “an extremely wealthy and powerful individual with solid ties to Lebanon, the United Arab Emirates, and Saudi Arabia” who posed a risk of fleeing based on the seriousness of the charges and what they called “the overwhelming evidence of his guilt.”
They said he has access to a private aircraft and “deep and longstanding ties to countries that do not have extradition treaties with the United States.”