Judge approves $ 250 million bail for Trump’s friend Thomas Barrack

A judge approved $ 250 million bail for Thomas Barrack, a close adviser to former President Trump and chairman of his inauguration committee, who was accused of breaking federal lobbying law after allegedly failing to disclose his work on behalf of the UAE.

Under the terms of the bail agreement, Barrack is required to wear a GPS tracking bracelet, which will be put on Barrack by the end of Friday. Barrack also plans to confiscate his passport later on Friday, according to his lawyers. He is also required to refrain from transferring funds overseas and is prohibited from making domestic transactions over $ 50,000, with the exception of attorney fees. He will also have to stay in the Eastern District of New York, the Southern District of New York and the Central District of California.

Earlier this week, seven count indictment unsealed in New York indicting Barrack and two other men – Matthew Grimes and Rashid Sultan Rashid Al Malik Alshahhi – with alleged work between April 2016 and April 2018 acting as agents of the United Arab Emirates. The indictment claims Barrack attempted to influence the foreign policy positions of then-candidate Donald Trump as well as the new Trump administration.

He has been held in a San Bernardino prison since his arrest on Tuesday in Sylmar, Calif., His lawyers confirmed in court today. Barrack’s co-accused and colleague Matthew Grimes is also being held at San Bernardino Prison.

Barrack is expected to appear in court, in person, Monday at noon in Brooklyn, in the eastern district of New York, on impeachment charges.

According to the indictment, Barrack used his connections with Mr Trump and senior government officials to illegally work to advance the interests of the UAE and failed to notify the attorney general he was pressuring. . on behalf of UAE officials, in violation of federal law.

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