Trump to pay back $750,000 to settle inauguration lawsuit over hotel payments

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The Trump Organization and Donald Trump’s Presidential Inaugural Committee have agreed to settle a lawsuit brought by Washington, D.C. Attorney General Karl Racine over allegations that Trump and his family misused nonprofit inaugural funds to get rich in early 2017.

The lawsuit claimed that the nonprofit funds raised by the inaugural committee were used for private purposes when the Trump campaign rented $1 million in the ballroom of the Trump Hotel in Washington, D.C., during the four days of the inaugural festivities.

Trump’s company will pay back $750,000 to settle the lawsuit, under the terms of the settlement.

“After his election, one of Donald Trump’s first actions was to illegally use his own nomination to enrich his family,” Racine said in a statement. “We refused to let this corruption continue.”

“Nonprofit funds cannot be used to line the pockets of individuals, however powerful they may be,” Racine said. “Now all future Presidential Inaugural Committees are warned that they will not get away with such egregious actions.”

Trump, in a statement, denied any wrongdoing.

“In light of the impending sale of the Trump International Hotel, Washington DC, and without any admission of liability or guilt, we have reached an agreement to end all litigation with Democratic Attorney General Racine,” the statement said. former president. “As crime rates soar in the nation’s capital, it is necessary for the Attorney General to focus on these issues rather than another step in the greatest witch hunt in political history.”

“This was yet another example of the militarization of law enforcement against the Republican Party and, in particular, the former President of the United States,” Trump said in the statement. “Too bad for our country!

The $750,000 in refunded funds will be redirected to non-profit organizations.

ABC’s Aaron Katersky reports:

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