Donald Trump's billionaire ally Thomas Barrack is being released on $250 million bond after being charged with illegally lobbying the Trump administration on behalf of the United Arab Emirates.
The 74-year-old reached a deal with prosecutors on Friday that will see him released from custody while he awaits trial on charges of illegal lobbying.
A federal magistrate judge in Los Angeles signed off on the conditions of the agreement, which will include surrendering his passport, complying with a curfew, and wearing an ankle bracelet with GPS monitoring.
The agreement also calls for Barrack to put up a $250 million bond, secured by $5 million cash, which would be forfeited if he does not appear for court proceedings.
Barrack, who chaired Trump's inaugural fund in 2017, waived his right to appear in federal court.
He will be arraigned in federal court in Brooklyn, New York on Monday.
Thomas Barrack reached a deal with prosecutors on Friday that will see him released from custody while he awaits trial on charges of illegal lobbying
Barrack, who chaired Trump's inaugural fund and was a frequent guest at the White House, was arrested in LA on Tuesday.
He and two others were charged with acting as unregistered foreign agents as they allegedly tried to influence US policy on the UAE's behalf while Trump was running in 2016 and later while he was president.
The other two men charged are Barrack's former assistant Matthew Grimes, 27, and Emirati businessman Rashid Sultan Rashid Al Malik Alshahhi, 43.
Grimes, of Aspen, Colorado, was also released on bond. He is a former executive at Barrack's company.
Al Malik is a businessman from the United Arab Emirates who prosecutors said acted as a conduit to that nation's rulers.
Barrack and Grimes were arrested in California while al Malik was at large, believed to be living somewhere in the Middle East, authorities said.
In court papers, prosecutors said al Malik was living in LA for years before fleeing the US three days after an April 2018 interview by
