Donald Trump's 'divisive' politics ruined his billionaire friend’s business, real estate financier Tom Barrack said at his criminal trial in New York City on Monday.
Former President Donald Trump's "divisive" politics ruined his billionaire friend’s business, real estate financier Tom Barrack said at his criminal trial in New York City on Monday.
Barrack's case presents a rare sight: an unbelievably wealthy baron facing the real threat of prison time. He's accused of putting the nation's security at risk by misusing his position of influence and power with the Trump administrationIn this behemoth trial that started last month, federal prosecutors are trying to prove that Barrack abused the access he got to the incoming president by using it to secretly lobby on behalf of Arab royals.
The trial is also timely, as the Justice Department portrays Saudis as reluctant friends on the global stage just as the Biden administration vows that the country will suffer “consequences” after its leaders snubbed the U.S. president’s request to keep the price of oil down—and instead sided with Russia by voting to reduce output from the 13 countries that make up the oil cartel known as OPEC.
Barrack testified that Trump's racist Muslim ban and nonstop political scandals made it harder for the investment firm Colony Capital to keep alive its business relationships with Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates.When asked how Trump affected his professional life, Barrack began to point the finger at the former president for his current legal woes.
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