Donald “I Never Settle” Trump Reaches Settlement in University Fraud Case
President-elect Donald Trump has reached a multimillion dollar settlement in the fraud cases against his now-defunct for profit Trump University. Trump will pay a reported $25 million settle the case, and will pay up to $1 million in penalties to the State of New York for violating state education laws.
There were three lawsuits pending against Trump University; two class action suits in California and one case brought by New York Attorney General Eric Schneiderman. According to Reuters, all of the cases would be covered in the settlement.
Schneiderman has said that more than 5,000 students were defrauded out of $40 million after paying up to $35,000 to learn all of Trump’s real estate investing “secrets” from his “hand-picked” instructors.
Trump’s settlement comes across a bit ironic; Trump has said many times that he doesn’t settle cases. In fact, at the Republican presidential debate in Detroit, Trump said:
I don’t settle cases. I don’t do it because that’s why I don’t get sued very often, because I don’t settle, unlike a lot of other people.
However, he seems to have reconsidered his staunch stance.
So the orange sleazeball is going to avoid trial on the Trump U case! Settlement with no admission of guilt. What a load of crap!
— philip harris (@pharris830) November 18, 2016
U.S. District Court Judge Gonzalo Curiel urged both parties to settle. He is the same judge that Trump claimed couldn’t be impartial in the case because he was “of Mexican heritage.”
Trump has categorically denied any wrongdoing in the case, and even claimed that 98% of the people who signed up for the courses expressed satisfaction with them.
A spokesperson for Schneiderman said he “has always been open to a settlement that fairly compensates the many victims of Trump University who have been waiting years for a resolution.”
Interviewer: so it says here you went to TU? What school is that?
— Kevin Flood (@FLOOKLYN) November 18, 2016