Alina Habba's $50M Concord Partners Contract Terminated
The Facts
- Concord Partners terminated Alina Habba Mildon's $50 million contract last week, citing a "failure to perform duties" in a letter dated Nov. 4. The Florida-based company was founded by Isabela Herrera, daughter of pardoned Venezuelan banker Julio Herrera Velutini.
- Despite the termination, the former Trump lawyer will keep about $14.5 million, including an $8 million signing bonus and $6.5 million already paid. The four-year deal guaranteed more than $50 million, with $10 million a year plus bonuses.
- President Donald Trump criticized the arrangement on Oct. 31 at his Mar-a-Lago club, calling it "totally obnoxious and outrageous" and saying he had told her he did not want her paid. He also suggested she donate some of the money to his future presidential library.
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The Spin
Left narrative
Selling access to the Oval Office has become a booming business, and a $50 million deal from a shell outfit with no known operations, followed days later by a pardon, reeks of a transaction. The fury from the top landed only after the story went public, not because the scheme was wrong. Firing one lawyer who already pocketed $14.5 million passes for accountability now.
Right narrative
A $10 million-a-year salary for a general counsel at a company with no known business is absurd on its face, and the loudest objection came straight from the president, who demanded the payments stop. One lawyer glomming onto a famous client to cash in doesn't indict an entire administration. Subpoenas and sworn testimony would settle this far faster than blanket accusations.