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Trump University case settled for $25 M

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President-elect Donald Trump has agreed to pay $25 million to former students of his for-profit university as part of a settlement that resolves three outstanding lawsuits against him, including one in which he was set to testify in a trial that was due to begin in San Diego later this month.

As part of the agreement, Trump will pay $1 million in penalties to the State of New York for violating state education laws by labeling his nonaccredited school a “university” without registering as an educational institution with New York state officials, according to New York Attorney General Eric T. Schneiderman, who announced the settlement Friday afternoon.

“In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of millions of dollars through a scheme known at Trump University,” Schneiderman said in a statement. “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. 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.”

 

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You don't agree to pay out $25 million if you were in the right.

Thats only refunding $4000 per student when they paid $30K for the fraudulent university.


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