Donald Trump

 

Trump University fraud cases settled for $25 million plus fines


PUBLISHED Fri, November 18, 2016 - 4:50pm EST


U.S. President-elect Donald Trump has agreed to pay $25 million plus fines to settle three fraud lawsuits against Trump University, a reversal from his previous stance in which he said he would fight the allegations in court. (more)

Under the terms of the settlement reached on Friday, Trump will pay a total of $25 million in restitution, which means all of the 6,000 people who sued will receive a payment. Trump will also pay up to $1 million in penalties to the State of New York for violating state education laws.

"Donald Trump fought us every step of the way, filing baseless charges and fruitless appeal​s​ and refusing to settle for even modest amounts of compensation for the victims of his phony university," New York Attorney General Eric Schneiderman said in a statement.

"Today, that all changes. Today's $25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university," Schneiderman added. "The victims of Trump University have waited years for today's result and I am pleased that their patience - and persistence - will be rewarded."

There was no immediate comment from Trump regarding Friday's settlement, but during the presidential campaign he had said repeatedly that he would never settle. "I could have settled but won't out of principle!", he wrote on Twitter in late February.

At one point during the presidential campaign, Trump was widely criticized for his comments about the federal judge who oversaw the lawsuits against Trump University, claiming that the judge was biased against him because of his Mexican heritage.





t="1"}   United States      t="1"}   1 UPDATES

 

LEAVE COMMENTS



HAPPENING NOW


AROUND THE WEB




 

LIVE WIRE

Stabbing on Main Street near Central Michigan University      21 hrs  

Massive fire breaks out on Berkshire Street in Cambridge     1 day  

USC Professor Bosco Tjan killed in campus stabbing      2 days  

Ontario Amber Alert: Layla Sabry missing from Welland     2 days  

Stabbing at University of Southern California, 1 dead     2 days  



.
email alerts



Just want the important news? Sign up now for the fastest email alerts from BNO News. Click here to get started!



Happening Now

Suspect in D.C. restaurant shooting came to ‘self-investigate’ Pizzagate     2 hrs  

Stabbing on Main Street near Central Michigan University      21 hrs  

Top ISIS commander killed in clashes in Russia’s Caucasus region     22 hrs  

Woman killed in shooting on Floyd Avenue in Modesto     23 hrs  

Woman found dead at Crystal River Motel in Citrus County     1 day  





More U.S. News

Suspect in D.C. restaurant shooting came to ‘self-investigate’ Pizzagate     2 hrs  

Dozens feared dead after fire at warehouse party in Oakland     1 day  

Trump speaks with Taiwan’s leader, risking diplomatic dispute with China     2 days  

2 police officers injured in shooting in Tucson, Arizona     3 days  

Donald Trump declared winner in Michigan, recount expected     6 days