U.S. Markets close in 4 hrs 51 mins
  • S&P 500

    3,777.53
    -7.85 (-0.21%)
     
  • Dow 30

    30,673.04
    -102.39 (-0.33%)
     
  • Nasdaq

    11,013.11
    -15.63 (-0.14%)
     
  • Russell 2000

    1,697.90
    -10.09 (-0.59%)
     
  • Crude Oil

    107.54
    +1.78 (+1.68%)
     
  • Gold

    1,802.30
    -5.00 (-0.28%)
     
  • Silver

    19.66
    -0.70 (-3.42%)
     
  • EUR/USD

    1.0390
    -0.0094 (-0.8935%)
     
  • 10-Yr Bond

    2.8580
    -0.1140 (-3.84%)
     
  • Vix

    28.63
    -0.08 (-0.28%)
     
  • GBP/USD

    1.2006
    -0.0169 (-1.3867%)
     
  • USD/JPY

    135.2660
    -0.4620 (-0.3404%)
     
  • BTC-USD

    19,363.78
    +245.53 (+1.28%)
     
  • CMC Crypto 200

    416.19
    -3.95 (-0.94%)
     
  • FTSE 100

    7,139.55
    -29.73 (-0.41%)
     
  • Nikkei 225

    25,935.62
    -457.42 (-1.73%)
     

Trump fundraiser Barrack pleads not guilty to new charges in UAE lobbying case

·1 min read

NEW YORK, May 24 (Reuters) - A billionaire fundraiser for former U.S. President Donald Trump's campaign pleaded not guilty on Tuesday to charges in a new indictment claiming he illegally lobbied U.S. officials on behalf of the United Arab Emirates.

Federal prosecutors in the New York City borough of Brooklyn last week unveiled nine criminal charges against Thomas Barrack, including acting as an unregistered foreign agent and making false statements.

Barrack, the former head of investment management firm Colony Capital, was charged last year in a seven-count indictment.

Prosecutors say Barrack, who chaired Trump's 2017 inaugural fund and was a frequent White House guest, used his influence to advance the UAE's foreign policy goals in the United States without registering as a lobbyist.

According to the the latest indictment, Barrack sought investments from UAE sovereign wealth funds at the same time he was lobbying for the country.

Barrack entered his plea in a virtual hearing before U.S. District Judge Brian Cogan.

Jury selection for his trial is scheduled to begin in August. (Reporting by Luc Cohen in New York; Editing by Leslie Adler)