Alina Habba Mildon Loses a $50 Million Contract Tied to a Pardoned Banker

Jimmy Brown Politics 2 min read 0 Comments

Alina Habba Mildon, a former Trump lawyer, has lost a four-year general counsel contract reportedly worth more than $50 million. The client was Concord Partners, a Florida company run by the daughter of Venezuelan banker Julio Herrera Velutini. Trump pardoned Herrera Velutini in January 2026, and the contract was signed in October 2025.

The termination was reported by the New York Times, according to Mediaite and the Philadelphia Inquirer, which carried the Times piece with a November 10 date. Yahoo places the report a day later, so the exact date is in some doubt. Trump has also called the deal "totally obnoxious and outrageous" and "not acceptable," according to Yahoo and Mediaite. The notes available do not say where or when he said it.

No primary source was retrieved for this story: neither the Times report nor any Trump statement or post. What follows comes from secondary outlets and should be read that way.

A Contract, a Company and a Pardon

Habba Mildon signed the deal in October 2025, according to Forbes and The Hill. Concord Partners was set up in Florida by the daughter of Herrera Velutini, according to the Inquirer, Yahoo and The Hill. Before his pardon, Herrera Velutini faced federal felony bribery charges in Puerto Rico, according to the Inquirer and the Daily Beast.

Habba Mildon has denied any link between her work and the pardon. In an earlier statement to the Times, reported by the Daily Beast, she said any claim that she "had anything to do with securing a pardon is false." That denial appears in the Daily Beast account only.

Her exact government title during this period is cut off in the reporting available, so it is not stated here.

The Termination Letter

Concord cited a "failure to perform duties" in a letter dated November 4, according to Mediaite, Yahoo and the Inquirer's reprint of the Times report. The reporting reviewed does not say whether the letter and Trump's remarks are connected, and Concord's stated reason is the only one given.

Citing the Times, several outlets reported that Habba Mildon keeps an $8 million signing bonus plus $6.5 million already paid, about $14.5 million in all.

Fox News reported that Trump personally directed the firing. That claim rests on a single unnamed source, and no other outlet reviewed has confirmed it. Fox's headline says the loss came days after Trump's criticism, while other accounts suggest a longer gap, so the sequence is not settled.

What Trump Is Reported to Have Said

The Hill reported that Trump told reporters he urged the Herrera family to stop paying her. Yahoo, citing the Inquirer, carried the quote: "I told her, and I said, 'I don't want her paid.'" The Inquirer's full text was not reviewed, so the setting of that remark is unconfirmed.

Mediaite alone reported that Trump also suggested Habba Mildon make a large donation to his presidential library. No other outlet reviewed has confirmed that, and no transcript or post from the president was found to support it.

What Comes Next

Several questions remain open. The notes show no word on whether Habba Mildon disputes the termination, and no comment from Concord or the Herrera family. Whether Trump's library remark is confirmed by a post or transcript is also unknown. The Times report and any direct Trump statement would settle much of this.

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