Yes, that's $250 million.
LOS ANGELES — The chair of former President Donald Trump’s inaugural committee who faces charges he secretly worked as an agent for the the United Arab Emirates to influence Trump’s foreign policy was ordered released from jail Friday on $250 million bail.
Barrack, who founded the private equity firm Colony Capital, used his long personal friendship with Trump to benefit the UAE without disclosing his ties to the U.S. government, prosecutors said. Barrack is charged with conspiracy, obstruction of justice and making multiple false statements during a June 2019 interview with federal agents. Matthew Grimes, 27, a former executive at Barrack’s company from Aspen, Colorado, and Rashid al Malik, 43, a businessman from the United Arab Emirates who prosecutors said acted as a conduit to that nation’s rulers were also charged in the seven-count indictment.Barrack has not entered a plea in the case, but a spokesman said he would plead not guilty.
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