Barrack Said He Hit Sovereign-Wealth ‘Jackpot’ With MBS Meeting

Colony Capital LLC founder Tom Barrack described his first meeting with Saudi Crown Prince Mohammed bin Salman in 2016 as a “huge” opportunity to try to capture sovereign-wealth investment.

“We hit the jackpot in the Middle East,” Barrack wrote in an August 2016 email to a colleague at Colony just after he met the budding leader known as MBS.

Barrack discussed the email Tuesday in federal court in Brooklyn, New York, where he’s testifying in his own defense against charges that he sought to influence the campaign and administration of his longtime friend, Donald Trump, as an unregistered agent ...