Barrack's firm drafted a plan to turn Trump-administration access into investment leads
The obtained memo records a proposed mechanism and company assets under management; the firm said the plan was never adopted or implemented.
Entities and roles
- Donald J. TrumpDonald Trump root
- Thomas J. Barrack Jr.Trump inaugural chair whose firm drafted an access-based business plan
Relationships in this file
- Donald J. TrumpTrump associate linked to proposed Colony access strategyThomas J. Barrack Jr.
Claims and evidence
- factreported
ProPublica and WNYC reported on February 5, 2019 that a February 2017 Colony NorthStar memo proposed using Thomas Barrack's relationship with Donald Trump and foreign officials to cultivate administration contacts and attract infrastructure investment, while seeking to avoid the appearance of lobbying; the report said the firm then managed $44 billion, a company assets-under-management figure rather than Barrack's personal wealth, and quoted Colony saying the proposal was never acted upon or implemented.
- ProPublica and WNYC: Confidential Memo: Company of Trump Inaugural Chair Sought to Profit From Connections to Administration, ForeignersObtained February 2017 memo, proposed access mechanism, $44 billion company AUM, and Colony response