Tom Barrack SPAC pulls SEC registration, IPO plan as bail hearing for Trump ally moved to Friday in L.A. PUBLISHED FRI, JUL 23 202110:12 AM EDTUPDATED 25 MIN AGO Dan Mangan Steve Kopack
KEY POINTS A bail hearing for Thomas Barrack, an ally of former President Donald Trump, was rescheduled for 1 p.m. EDT in L.A. federal court Friday.
The private equity investor is criminally charged with illegally lobbying Trump on behalf of the United Arab Emirates. Barrack is accused with two other men of secretly trying to influence Trump’s foreign policy at the direction of senior UAE officials.
A company backed by Barrack, Falcon Acquisition, told the Securities and Exchange Commission it was withdrawing its company registration statement.
Falcon Acquisition said it pulled the registration “because the company has elected to abandon” planned transactions.
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