Donald Trump's former personal attorney, Alina Habba, secured a compensation package worth more than $50 million from a newly created Florida company with no publicly established business operations, just months before Trump pardoned the billionaire whose daughter established the company.

According to an October 20 investigation by The New York Times, Concord Partners LLC was formed in October 2025 by Isabela Herrera, daughter of Venezuelan banking billionaire Julio Herrera Velutini, who was seeking a presidential pardon after pleading guilty to a federal campaign finance misdemeanor.

Within days of the company's formation, Habba finalized an extraordinary employment agreement guaranteeing her $10 million annually for four years, plus bonuses bringing the total above $50 million.

A $50 Million Job at a Company That Barely Exists Publicly

Florida corporate records confirm Concord Partners was registered on October 22, 2025, with Herrera listed as its manager. Its registered address is associated with a commercial registered-agent service.

The company has no established public business profile. According to The New York Times, even individuals familiar with the Herrera family's extensive business interests could not explain what Concord Partners actually does.

There is no publicly established business activity explaining why the newly formed company required a general counsel with a compensation package exceeding $50 million.

Although these circumstances raise questions about whether Concord Partners functions primarily as a vehicle for private financial arrangements, there is no public proof that it was created to conceal payments or facilitate bribery.

Millions in Donations, Then a Presidential Pardon

The family's financial connections to Trump extended beyond Habba's contract.

Isabela Herrera contributed $3.5 million to a Trump-aligned political action committee and pledged another $2.5 million toward Trump's White House ballroom project.

Habba officially began working for Concord Partners on January 1, 2026. Just two weeks later, on January 15, Trump granted Julio Herrera Velutini a full presidential pardon.

The billionaire had originally faced federal bribery charges involving an alleged scheme to influence Puerto Rico's former governor before reaching a reduced misdemeanor plea agreement in August 2025.

Habba denies participating in the pardon effort and says her outside employment was properly disclosed to the Justice Department. The White House and Justice Department also deny that she played any role in securing clemency.

The $50 Million Question

The investigation leaves several significant questions unanswered: What business does Concord Partners actually conduct? What legal responsibilities justify more than $50 million in guaranteed compensation? And why did the family of a billionaire seeking presidential clemency establish such a lucrative arrangement with one of Trump's closest former attorneys?

A lucrative employment contract is not itself evidence of bribery, and the reported $50 million represents guaranteed compensation over four years, not a verified lump-sum payment.

Nevertheless, the combination of a newly established company, extraordinary compensation, millions in political contributions and a presidential pardon shortly afterward raises serious questions about transparency and potential conflicts of interest.

Until the company's operations and Habba's responsibilities are explained, the public is left with a remarkable financial arrangement and few answers.