Concord Partners ousted former presidential attorney Alina Habba Mildon from her four-year, $50 million advisory contract on November 4, terminating the arrangement days after US President Donald Trump publicly slammed the payout as outrageous.
She walked away with $14.5 million. The Florida-based investment company—established by the family of pardoned Venezuelan billionaire Julio Herrera Velutini—notified Habba Mildon of her immediate dismissal in a formal termination letter citing a failure to perform her assigned duties. The firing caps weeks of mounting friction inside Trump's political orbit, ignited when details of the massive retainer surfaced publicly in late October. Habba Mildon will keep an $8 million signing bonus and $6.5 million in corporate disbursements collected before the split, while forfeiting the remainder of the $10 million-a-year package.
Trump torpedoed the agreement himself. Speaking to reporters during a Halloween event at his Mar-a-Lago estate in Florida, the president condemned the deal in unusually harsh terms, revealing he had personally intervened to demand that the Herrera family halt further disbursements.
I thought it was terrible. I told her, and I said, 'I don't want her paid.' I thought we had somebody speak to the people that did it, and she used her relationship to do that. And it was far too much.
Donald Trump, President of the United States
Herrera family representatives indicated that Habba Mildon's corporate focus drifted sharply earlier this year after she began a relationship with Turkish investor Turhan Mildon. The corporate relationship fractured soon after. Faced with direct pressure from the White House, Concord Partners pulled the plug.
The mechanics of the contract drew immediate scrutiny across Washington because of its timeline. Isabela Herrera, daughter of Julio Herrera Velutini, incorporated Concord Partners in Florida in late 2025. At the time, Herrera Velutini faced federal bribery charges in Puerto Rico. Trump granted the Venezuelan financier full executive clemency on January 15, clearing him of all pending criminal proceedings.
Habba Mildon inked the original corporate contract in late October 2025. She was serving as the acting US Attorney for New Jersey at that exact moment. She stepped down from that post on December 8, secured an appointment as a senior adviser to the attorney general on the very same day, and formally commenced her paid corporate role with Concord Partners on January 1, 2026.
| Contract Parameter | Agreement Details | Official Status |
|---|---|---|
| Client Entity | Concord Partners (Herrera Family) | Terminated Nov 4 |
| Total Contract Value | $50,000,000+ over four years | Voided |
| Annual Base Compensation | $10,000,000 plus bonuses | Canceled |
| Funds Disbursed & Retained | $14,500,000 ($8M bonus + $6.5M pay) | Retained by Counsel |
| Legal Beneficiary Cleared |
Habba Mildon has forcefully denied any quid pro quo or link between her employment and Herrera Velutini's executive clemency. She maintained that she never collected funds to secure executive relief, never lobbied officials at the White House or the Department of Justice regarding the matter, and performed zero clemency-related casework.
Yet the dispute will not conclude quietly. Legal advisers close to Habba Mildon confirmed she is preparing formal litigation against Concord Partners and the Herrera family to challenge the breach of contract, setting up a public courtroom battle over millions in disputed legal fees.
| Julio Herrera Velutini |
| Pardoned Jan 15 |