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General News 10/16/2017 at 4:44 PM EDT

Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline

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Billionaire investor Tom Barrack is circling the ultimate distressed asset in Hollywood: the movie studio co-founded by Harvey Weinstein. Barrack, a close friend of President Donald Trump, made his fortune in real estate but has a history of plucking distressed assets from the entertainment industry. He was chairman of Trump’s inaugural committee, which lends his talks with Weinstein Co. a certain irony -- a deal could financially benefit Harvey Weinstein, who was a longtime Democratic donor who backed Trump’s opponent Hillary Clinton in the 2016 presidential race.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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