A billionaire banker from a prominent Venezuelan family, Mr. Herrera faced felony bribery charges in the United States and struck an unusually lenient plea deal in August 2025 for a misdemeanor campaign finance violation. But he felt that reduced charge was still a stain on his record.

So Mr. Herrera deployed his lawyer, Christopher M. Kise, the former Florida solicitor general who was on President Trump’s personal legal team, to help with a plea for clemency. His 27-year-old daughter, Isabela Herrera, who is an American citizen, donated $3.5 million to a super PAC tied to Mr. Trump. But as of last fall, the pardon remained elusive.

Then the Herrera family hired Alina Habba, who had been one of Mr. Trump’s personal lawyers and at the time was an adviser at the Justice Department. They offered her $10 million a year for four years along with a range of bonuses. In total, including bonuses, she was guaranteed more than $50 million over four years, according to interviews and documents obtained by The New York Times.

Under the agreement, Ms. Habba would become general counsel at Concord Partners, a company that Ms. Herrera set up in late October 2025 in Florida. The company has no public profile and its business remains unclear even to some people associated with the Herrera business empire. Ms. Habba finalized her deal days after the company was registered, while she was still serving as U.S. attorney in New Jersey.