Former President Donald Trump’s company, The Trump Organization, and his 2017 Inaugural Committee have agreed to pay $750,000 fine, CNBC reports.
The Trump Organization and Committee have agreed to pay the fine to the District of Columbia after being accusations that the Trump Organization “grossly overcharged” the Committee to host the Inauguration Event at the Trump DC Hotel.
In the settlement, neither the Trump Organization or the Committee admit to any wrongdoing.
D.C. Attorney General Karl Racine took aim at President Trump saying “No one is above the law — not even a president.”
“After he was elected, one of the first actions Donald Trump took was illegally using his own inauguration to enrich his family. We refused to let that corruption stand,” Racine said.
The allegation being made is that President Trump used funds from a non-profit to line his own pockets.
“Although the Inaugural Committee was aware that it was paying far above market rates, it never considered less expensive alternatives, and even paid for space on days when it did not hold events,” the office said.
“The Committee also improperly used non-profit funds to throw a private party for the Trump family costing several hundred thousand dollars.”
Trump released a statement saying, “Given the impending sale of The Trump International Hotel, Washington D.C., and with absolutely no admission of liability or guilt, we have reached a settlement to end all litigation with Democrat Attorney General Racine.”
Trump added: “As crime rates are soaring in our Nation’s Capital, it is necessary that the Attorney General focus on those issues rather than a further leg of the greatest Witch-Hunt in political history. This was yet another example of weaponizing Law Enforcement against the Republican Party and, in particular, the former President of the United States. So bad for our Country!”