Trump To Settle New York's Trump University Fraud Suit For 25M
The New York Daily News reports:
In a complete turnaround from his previous position, President-elect Donald Trump is nearing a settlement of the fraud cases brought in New York and California involving his now defunct for-profit Trump University, the Daily News has learned.
Under the emerging deal being negotiated by Trump’s lawyers, New York State Attorney General Eric Schneiderman and the law firm that brought a class action lawsuit regarding Trump University in California, the president-elect will agree to pay between $20 million and $25 million to settle the matter, a source with knowledge of the situation said.
Trump will not admit to any wrongdoing in the final agreement, which could be announced as soon as Friday, the source said. During the presidential campaign, Trump had threatened to have his executives reopen the school once the cases were done. It’s not clear if that was bluster or if the settlement will bar that from happening even if he was serious.
http://www.nydailynews.com/news/national/donald-trump-nearing-settlement-trump-university-fraud-case-article-1.2878780
= new reply since forum marked as read
I guess it's a case of money talks, money walks.
For God's sake Trump U targeted the widows of Vets killed in Iraq telling them
that they could use their Trump U degrees to start their home real estate business
so they could be home to take care of her kids too. And in the end they 10s of
thousands of $s in credit card debt and nothing of real value.
