By CBSLA Staff

LOS ANGELES (CBSLA) — A grant package that includes a $250 million bond secured by $5 million in cash was granted Friday to Thomas Barrack, a longtime Trump friend and chair of the former president’s inaugural committee.

Thomas Barrack, Executive Chairman and CEO, Colony Capital, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 28, 2019 in Beverly Hills, California. (Photo by Michael Kovac/Getty Images)

Barrack, 74, of Santa Monica, was indicted this week on charges he and two others used his position as a friend and confidant of former President Trump in order to lobby on behalf of the United Arab Emirates.

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In addition to the bond package, U.S. Magistrate Judge Patricia Donahue also ordered Barrack to wear a GPS monitoring bracelet, barred him from transferring any money overseas, and restricted his travel to Southern California and New York. He was also ordered to appear Monday in federal court in Brooklyn, New York for arraignment, according to the U.S. Department of Justice.

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Barrack, who founded LA-based Colony Capital Inc.,was one of Trump’s top fundraisers and served as chairman of his inaugural committee. Since his arrest on Tuesday, Barrack also resigned from the USC Board of Trustees.

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(© Copyright 2021 CBS Broadcasting Inc. All Rights Reserved. City News Service contributed to this report.)