POSTED BY MARTIN KICH
President-Elect Trump Has Agreed to Pay $25 Million to Settle Civil Fraud Suits against Trump University
By Washington Post Staff
November 18 at 4:20 PM
He has agreed to pay $25 million to former customers of the defunct real estate seminar program, New York Attorney General Eric Schneiderman said.
From an article by Harper Neidig for TheHill:
President-elect Donald Trump has reached a $25 million settlement over two lawsuits against his now-defunct Trump University, the New York attorney general’s office announced Friday.
New York Attorney General Eric Schneiderman called it a “stunning reversal by Donald Trump,” who had pledged not to settle.
“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 appealsand refusing to settle for even modest amounts of compensation for the victims of his phony university. Today, that all changes.”