Settlement Reached In Trump University Case — $25 Million

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 appeal​s​ 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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