Thomas J. Barrack Jr., a prominent Los Angeles investor and longtime ally of former President Trump, was released from jail Friday on a $250-million bond while he awaits trial on charges of covertly acting as an agent of the United Arab Emirates, obstructing justice and lying to the FBI about his work.
U.S. Magistrate Judge Patricia Donahue ordered Barrack’s release after the wealthy real estate developer agreed to put up the huge sum as a guarantee he would not flee the country to avoid prosecution.
Barrack provided $5 million in cash and more than 21 million shares of the company he founded, now known as DigitalBridge. His son, Thomas Barrack III, ex-wife Rachelle Barrack and Jonathan Grunzweig, a DigitalBridge executive, all signed over their personal residences. His lawyers also promised to relinquish Barrack’s U.S. and Lebanese passports.
Barrack, 74, was not present during the hearing in downtown L.A., and his attorneys and relatives appeared remotely. Since his arrest Tuesday, he was held in the West Valley Detention Center in Rancho Cucamonga and was freed with a GPS monitoring bracelet.
After leaving jail, Barrack thanked the “fine men and women” of the various state and federal agencies involved in his incarceration.
“They have difficult jobs and carry them out with great professionalism,” Barrack said in a statement. “I also want to recognize the grace and humanity of the gentlemen with whom I have shared a community over these last three days. I am innocent and will prove that in court.”
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