Alina Habba fired from $50m contract with banker’s family after Trump calls deal ‘outrageous’
Read the full story at Times of India
Alina Habba Mildon, a former personal lawyer to US President Donald Trump, has been dismissed from her $50 million contract with a company established by the family of Venezuelan banker Julio Herrera Velutini, months after Trump pardoned the billionaire.Concord Partners terminated Habba Mildon in a letter dated November 4, citing a “failure to perform duties”, according to documents obtained by The New York Times.
A person familiar with the Herrera family told the newspaper that her attention appeared to shift away from the company after she began a relationship with Turkish investor Turhan Mildon earlier this year.Despite the termination, Habba Mildon will retain approximately $14.5 million that has already been received from the company.
This includes $6.5 million in payments and an $8 million signing bonus, according to the report.Her four-year agreement had been valued at more than $50 million and included an annual payment of $10 million, in addition to various bonuses.
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