Donald Trump struck a deal to pay $ 750,000 ($ 600,083) in Washington DC after he was accused of overcharging his inaugural committee for the use of his Trump International hotel in the city.
Announcing the deal on Tuesday, DC Attorney General Karl Racine said the case was settled “to avoid the costs, burdens and risks of further litigation” from the allegations, which date back to Trump’s 2017 inauguration.
“We have filed this lawsuit against Trump Hotel, Trump, Inaugural Committee and Trump Organization to recover misused nonprofit funds and illicit earnings,” Mr Racine he wrote on Twitter. “With today’s successful resolution, we’re giving the money back to DC.”
The lawsuit, which was filed by the District of Columbia in 2020, sought to challenge an estimated $ 1 million (£ 800,090) in overpayments to the hotel by the committee. Mr. Trump and his business deny any wrongdoing.
The former president said in declaration on Tuesday: “Without any admission of responsibility or fault, we reached an agreement for all disputes with the democratic advocate Racine.”
He went on to convict Mr. Racine for the investigation and the lawsuit, and said, “As crime rates are on the rise in our nation’s capital, it is necessary for the lawyer to focus on these issues rather than on one. another stage of the biggest witch hunt in political history “.
Mr. Trump has often referred to a series of investigations into his and her affairs as “witch hunts,” including those by New York Attorney General Letitia James.
His office and two district attorneys examined whether the Trump Organization committed financial fraud, with charges announced in July 2021 against longtime CFO Allen Weisselberg, who pleaded not guilty. The broader investigation is ongoing.
The $ 750,000 Trump International hotel settlement will be donated to two nonprofit groups promoting democracy and supporting youth in Washington DC, Racine added after her announcement.
It comes days before a planned agreement between the Trump Organization and a group of Florida-based investors are expected to buy the DC property and rename it Waldorf Astoria. Such as The New York Times reports, the sale means the Trump name will be removed from the building.
Additional Associated Press Report.