Trump Taps Private Equity Mogul Tom Barrack for U.S. Ambassador to Turkey

Dec 10, 2024, 11:43 PM

President-elect Donald Trump has announced his intention to nominate Tom Barrack, a longtime friend and private equity mogul, as the U.S. Ambassador to Turkey. Barrack, who founded Colony Capital, was acquitted on multiple federal charges a few years ago in what prosecutors described as a conspiracy involving illegal lobbying on behalf of the United Arab Emirates. Despite this, Trump has chosen to elevate Barrack to this crucial diplomatic post.