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Print this article Thomas Barrack, the billionaire businessman and ally of former President Donald Trump charged with illegally lobbying for the United Arab Emirates, will be released from a California jail on Friday after his lawyers secured a $250 million bail agreement with federal prosecutors. Under the deal, Barrack must wear a GPS location monitoring device, limit travel to parts of New York and Southern California, adhere to a curfew, and not transfer any funds overseas. His $250 million bond was secured by $5 million in cash. Prosecutors had initially argued that Barrack, 74, who has been behind bars since his arrest on Tuesday, was a flight risk and should be denied bail. Barrack, who chaired Trump s inaugural fund, is accused of working on behalf of the UAE to sway Trump s foreign policy agenda, according to a seven-count felony indictment unsealed in Brooklyn.

United arab emiratesNew yorkUnited statesMatthew grimesRashid alshahhiDonald trumpDigitalbridge groupDefense departmentThomas barrackPresident donald trumpSouthern californiaState departmentPersian gulfColony capitalFalcon acquisitionNew york based