Thomas Barrack, chairman and chief executive officer of Colony Capital Inc., gestures while speaking during the closing reception at the Milken Institute Japan Symposium in Tokyo, Japan, on Monday, March 25, 2019. The conference brings together business leaders and government officials to discuss geopolitical, economic and social issues facing Japan. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Thomas Barrack, a private equity investor who served as chairman of the 2017 inaugural fund for then-President Donald Trump, was arrested on federal charges in Los Angeles on Tuesday morning, several law enforcement officials told NBC News.
The charges against Barrack, which apparently are not connected to the inauguration-related fund, are expected to be unsealed soon.
Barrack, 74, is a longtime friend of Trump’s, and the founder of the large private equity firm Colony Capital.
Barrack stepped down at Colony Capital’s CEO in 2020. In April, he resigned as executive chairman of the firm.
A spokeswoman for Trump did not immediately respond to CNBC’s request for comment on the arrest.
A spokesman for Barrack could not immediately be reached for comment.
This is breaking news. Please check back for updates.
