District of Columbia Attorney General Karl Racine Tuesday announced that DC reached a $750,000 settlement with the Trump Organization to “recover misspent nonprofit funds and ill-gotten gains.” The settlement will “avoid the cost, burden, and risks of further litigation.” The District’s complaint alleged that Trump’s Presidential Inaugural Committee (PIC) overpaid for services at the Trump Hotel to benefit the President’s business and paid for a hotel room contract with the Loews Madison Hotel.
The Trump Organization will pay the monetary settlement “to the benefit of the following District nonprofit corporations in the listed amounts: (1) Mikva Challenge Grant Foundation ($375,000); and (2) DC Action for Children Today DC ACT ($375,000).” Despite settling, the Trump Organization still disputes the lawsuit’s “allegations on numerous grounds and deny having engaged in any wrongdoing or unlawful conduct.”
The District of Columbia is “committed to ensuring that corruption comes at a cost. That should be clear to everyone, including future presidents,” Racine commented. “[I]f you violate DC nonprofit law—no matter how powerful you are—you’ll pay.”