The Trump name is checking out of Pennsylvania Avenue for a second time with the sale of former President Donald Trump s luxury hotel lease in Washington being finalized Wednesday.
Court documents show that former President Donald Trump settled a lawsuit on Tuesday with the District of Columbia over accusations of improperly spending non-profit funds. Trump agreed to pay $750,000 to settle the lawsuit that was filed against Trump's Presidential Inaugural Committee, Trump International Hotel Washington D.C., and the Trump Organization. The District of Columbia attorney general's lawsuit accused the inaugural committee of spending more than $1 million in non-profit funds at the Trump-owned hotel. It said the committee misused $1.1 million in charitable funds to "dramatically overpay" the hotel for event space, to throw a private party for the former president's children and to pay a private debt held by the Trump Organization. The suit was filed in 2020. The inaugural committee raised $107 million for Trump's inauguration in January 2017, more than doubling the previous record for any other incoming president. The money will be divided
The Trump Organization settled a lawsuit involving the inaugural committee for Donald Trump, but he and the company face legal challenges on other fronts.