Commentary

Donald Trump settles fraud lawsuits relating to Trump University for $25m

(THE GUARDIAN) , November 24, 2016 —President-elect’s lawyers settled three lawsuits, averting a courtroom showdown which threatened to reveal troubling details about the real estate course

Donald Trump has settled fraud lawsuits relating to Trump University for $25m, removing a legal headache despite having pledged to fight the cases to the bitter end.

New York’s attorney general, Eric Schneiderman, claimed vindication and victory for those “swindled” by the course.

“Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university,” Schneiderman said in a statement. “Today, that all changes. Today’s $25m settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.”

Every victim will receive restitution and the president-elect will pay up to $1m in penalties to the state of New York for violating state education laws, Schneiderman said. “The victims of Trump University have waited years for today’s result and I am pleased that their patience – and persistence – will be rewarded by this $25m settlement.”

Source: Donald Trump settles fraud lawsuits relating to Trump University for $25m | US news | The Guardian