Tom Barrack can go back to work after a judge agrees to ease some of the restrictions on his freedom of movement and financial affairs.

Barrack, the businessman accused of acting as the UAE’s unregistered agent, received a $ 250 million bail change on Monday. He had asked for some of the bail conditions to be removed so that he could do business and travel to New York and Los Angeles to consult with his lawyers.

Barrack, founder of Colony Capital Inc. and a former top fundraiser for Donald Trump, was charged in July with illegal lobbying for the UAE. He pleaded not guilty and denies wrongdoing.

According to the bail changes granted by U.S. District Judge Brian Cogan late Friday, Barrack can make financial transactions in excess of $ 2 million, provided that he has obtained prior approval from the prosecutor. He does not need this consent to pay his lawyers or to do business in publicly held securities. For transactions between $ 1 million and $ 2 million, he must notify the government within 48 hours, including the date of the deal, amount, and recipient.

Under the terms of his original loan, Barrack was prohibited from moving funds overseas or conducting transactions in excess of $ 50,000 unless he had prior government approval, with the same exceptions.

He was also granted permission to live in the Los Angeles area temporarily to visit his children and attend meetings with his lawyers as they prepare for the trial. Barrack, who is under electronic surveillance, was previously allowed to travel to Los Angeles and Colorado with prior approval from U.S. judicial authorities, but agreed to settle in Santa Ynez, California.

Barrack was charged with failing to register as a foreign government agent, obstructing the judiciary, and lying to federal officials during an interview in 2019.

He stepped down as Colony’s Chief Executive Officer in 2020 and as Executive Chairman earlier this year. The company was renamed DigitalBridge Group Inc. In a July interview with Bloomberg TV, Barrack said he was starting a new family office that would work with investors in the United Arab Emirates, Saudi Arabia and Qatar.


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