Billionaire investor Thomas Barrack testified Monday that his friend Donald Trump's presidency was 'disastrous' for his business.
By Alyssa Spady, Clare HymesThomas Barrack leaves U.S. District Court for the Eastern District of New York in a short recess during jury selection for his trial on Sept. 19, 2022 in New York City. Billionaire investor Thomas Barrack testified Monday that his friend Donald Trump's presidency was"disastrous" for his business.
However, Barrack testified, his connection to the administration made shareholders of his company, Colony Capital,"upset" and was the reason he said he was"sitting with all of you today." When asked if he regrets his support for Trump's campaign and his association with the administration once in office, Barrack told the jury,"in hindsight, unquestionably," adding that politicians, regardless of party, are"just involved in ugliness."
Barrack's testimony came a day after Trump posted on his social media platform about the case, disputing the prosecutors' charges. Trump and Barrack have spoken at least once since the trial kicked off last month, according to a source familiar with the matter.
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