Trump Settles Suit Over Inauguration Payments to D.C. Hotel – By Erik Larson (Bloomberg) / May 3, 2022
(Bloomberg) — Former President Donald Trump’s company agreed to pay $750,000 to the District of Columbia to settle a lawsuit claiming it illegally benefited financially from Trump’s 2017 inauguration committee.
The accord, announced Tuesday in a court filing, resolves a suit filed by the district’s attorney general, Karl Racine, who alleged the Trump International Hotel in Washington received inflated payments from the nonprofit committee for space to celebrate Trump’s election.
“After he was elected, one of the first actions Donald Trump took was illegally using his own inauguration to enrich his family,” Racine said in a statement. “We refused to let that corruption stand. With our lawsuit, we are now clawing back money that Trump’s own inaugural committee misused.”
The Manhattan-based Trump Organization did not admit any wrongdoing under the deal with Racine, a Democrat.
