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Trump fundraiser Barrack sought UAE investment while lobbying for country, prosecutors say

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Thomas Barrack(C), a detailed adviser to former President Donald Trump and chair of his inaugural committee, leaves after attending a hearing on the US District Court of Eastern District of Recent York on July 26, 2021 in Recent York City.

Kena Betancur | AFP | Getty Images

A billionaire fundraiser for former U.S. President Donald Trump’s campaign sought investment from two United Arab Emirates sovereign wealth funds at the identical time he was illegally lobbying for the country, prosecutors said on Tuesday.

In a latest indictment filed in federal court in Brooklyn, prosecutors said an investment management firm run by Thomas Barrack received capital commitments from the unnamed UAE funds totaling $374 million in 2017, after receiving no latest funds from the country from 2009 to 2016.

That got here as Barrack, who chaired Trump’s 2017 inaugural fund and was a frequent guest on the White House, was secretly lobbying the Trump administration for the UAE between 2016 and 2018, prosecutors said.

Barrack last yr pleaded not guilty to an earlier indictment on seven criminal counts and is awaiting trial, scheduled for this fall.

The brand new indictment charges Barrack with nine criminal counts, including acting as an unregistered foreign agent and making false statements to authorities. His lawyers didn’t immediately reply to requests for comment on Wednesday.

The indictment didn’t name the corporate that received the commitments. Barrack is the founding father of digital infrastructure-focused private equity firm DigitalBridge Group, formerly referred to as Colony Capital.

DigitalBridge didn’t immediately reply to a request for comment. Barrack has stepped down from former roles because the firm’s chairman and chief executive.

In September 2017, Barrack emailed an executive on the UAE sovereign wealth funds and said he was “honored and privileged” to have the fund invest $74 million together with his company, in accordance with the indictment. A second fund pledged $300 million the next yr, the indictment says.

The indictment didn’t say whether Barrack’s company ultimately received the funds.

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