Tom Barrack strikes a $250 million bail deal to get out of jail

A federal magistrate judge on Friday ordered Tom Barrack, a longtime associate of former President Donald Trump who was indicted earlier this week on charges of illegal foreign lobbying, released from jail pending trial, freeing him on a bail package that includes a $250 million bond secured by $5 million in cash.

The judge also ordered Barrack to wear a GPS location monitoring bracelet, barred him from transferring any funds overseas and restricted his travel to parts of Southern California and New York. He will have a curfew to be determined by pretrial services.

He must appear in federal court in Brooklyn on Monday, where he will be arraigned. A spokesman has said he intends to plead not guilty.Barrack and co-defendant Matthew Grimes were released from custody later Friday. The judge on Friday had also ordered Grimes released on a $5 million bond. Grimes will be subject to GPS location monitoring with an electronic bracelet and travel restriction.

 

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