Once-Indicted Billionaire Named Ambassador To Turkey

Politico reports:

President-elect Donald Trump announced private equity executive Tom Barrack, a longtime ally who faced legal scrutiny for his work on behalf of the United Arab Emirates, as his pick to be the next U.S. ambassador to Turkey. But Barrack may face a rocky road to confirmation.

He was indicted by the Department of Justice in 2021 on charges that he was lobbying the Trump campaign on behalf of the United Arab Emirates, all the while pursuing business deals valued in the hundreds of millions of dollars. Barrack was acquitted in November 2022.

During the Trump administration, Barrack was heavily scrutinized for his connections to undemocratic regimes in the Middle East and foreign donations to the 2017 inaugural committee. Barrack was also a friend of disgraced investor and sexual predator Jeffrey Epstein.

Read the full article. Billionaire #14.