Deals
Trump Backer Barrack Denies $190 Million Italian Tax Fraud Claim
- Sale of Sardinia resorts to Qatar spurred investigation
- Billionaire investor led Donald Trump’s inaugural committee
Tom Barrack, chairman of Colony NorthStar Inc., speaks during a Bloomberg Television interview in Beverly Hills, California, on May 2, 2017.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Colony NorthStar Inc. Chairman Tom Barrack is denying an Italian prosecutor’s accusation that he conspired to evade 170 million euros ($190 million) in taxes when he sold luxury Sardinian properties.
Barrack, a billionaire real-estate investor who led President Donald Trump’s inaugural committee and frequently advocates for Trump, issued the denial through a lawyer in response to accusations by prosecutor Domenico Fiordalisi in the town of Tempio Pausania, on the island of Sardinia.