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'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.' '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 said in a statement through his family business.ĭonald Trump, who is not named a defendant in the lawsuit, denounced DC Attorney General Karl Racine's (right) probe as a 'witch hunt' The hotel, which opened just before Trump won the White House in 2016, was approved to be sold to a Miami-based investment fund earlier this year. Trump claimed he only settled due to the 'impending sale' of his Washington, DC hotel. The ex-president himself was not named as a defendant in the suit, which targets Presidential Inaugural Committee, the Trump Organization and the Trump International Hotel in DC. The agreement, which has yet to be signed by the presiding judge, would see the sum split between two DC-area nonprofits benefitting the city's youth, according to a copy of the document shared by Attorney General Karl Racine. The Trump Organization and the Presidential Inaugural Committee will pay a combined $750,000 to Washington, DC to settle a lawsuit over allegations that the former president's inaugural committee misspend funds to enrich his real estate empire, the capital's attorney general announced on Tuesday.ĭonald Trump panned Racine's investigation as a 'witch hunt' and implored the Democratic official to focus on 'soaring' crime rates in his city instead.