Thomas Barrack, a billionaire and longtime friend of Donald Trump, who chaired the former president's inaugural fund, has been arrested on charges including unlawful foreign lobbying and obstruction of justice, according to the U.S. Justice Department Tuesday.
Barrack is accused of unlawfully advancing the interests of the United Arab Emirates in the United States.
Barrack was the chairman of Trump’s inaugural committee when Trump took office in January 2017. He is also alleged to have lied to FBI agents during an interview about his dealings with the UAE.
Barrack is a longtime Trump ally and founder of the large private equity firm Colony Capital.
Barrack stepped down as Colony Capital’s chief executive in 2020.
In April, he resigned as executive chairman of the firm.