New York — Attorney General Eric T. Schneiderman announced that a$25 million settlement agreement was reached in the Trump University case.
In 2013, Schneiderman’s office sued Donald Trump for allegedly swindling thousands of innocent Americans out of millions of dollars through enrollment at Trump University. According to Schneiderman, “Donald Trump fought [the case] 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.” Friday’s $25 million settlement agreement is seen as a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of what Schneiderman characterized as “his fraudulent university.”
In a statement Attorney General Schneiderman said, “I am pleased that under the terms of this settlement, every victim will receive restitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws. 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 $25 million settlement.”
On Twitter, Trump bragged, “I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country.”
He later groused, “The ONLY bad thing about winning the Presidency is that I did not have the time to go through a long but winning trial on Trump U. Too bad!”
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