A billionaire fundraiser for former U.S. President Donald Trump’s marketing campaign sought funding from two United Arab Emirates sovereign wealth funds on the similar time he was illegally lobbying for the nation, prosecutors stated on Tuesday.
In a brand new indictment filed in federal court docket in Brooklyn, prosecutors stated an funding administration agency run by Thomas Barrack obtained capital commitments from the unnamed UAE funds totaling $374 million in 2017, after receiving no new funds from the nation from 2009 to 2016.
That got here as Barrack, who chaired Trump’s 2017 inaugural fund and was a frequent visitor on the White Home, was secretly lobbying the Trump administration for the UAE between 2016 and 2018, prosecutors stated.
Barrack final yr pleaded not responsible to an earlier indictment on seven prison counts and is awaiting trial, scheduled for this fall. The brand new indictment costs Barrack with 9 prison counts, together with performing as an unregistered international agent and making false statements to authorities. His attorneys didn’t instantly reply to requests for touch upon Wednesday.
The indictment didn’t title the corporate that obtained the commitments. Barrack is the founding father of digital infrastructure-focused non-public fairness agency DigitalBridge Group Inc, previously often called Colony Capital.
DigitalBridge didn’t instantly reply to a request for remark. Barrack has stepped down from former roles because the agency’s chairman and chief govt.
In September 2017, Barrack emailed an govt on the UAE sovereign wealth funds and stated he was “honored and privileged” to have the fund make investments $74 million along with his firm, in line with the indictment. A second fund pledged $300 million the next yr, the indictment says.
The indictment didn’t say whether or not Barrack’s firm finally obtained the funds.
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