U.S. President-elect Trump agreed to settle three fraud lawsuits connected to Trump University for $25 million on Friday.

Students at the now-defunct school claimed they were tricked into paying thousands of dollars to learn Trump’s secrets for achieving success in real estate. The students claim they didn’t learn a single thing from Trump or the instructors.

Trump’s lawyers worked out the settlement with New York State Attorney General Eric Schneiderman and the law firm that represented the disgruntle students.

Schneiderman said the $25 million to be paid by Trump includes restitution for students and $1 million in penalties to state.

The settlement comes just days before the class action lawsuit in California was to begin.

Trump has strongly denied the allegations made by the students and said during his campaign that he wouldn’t settle. Although he has now agreed to settle, the deal doesn’t require Trump to acknowledge wrongdoing.

A federal judge in California had been set Friday to consider arguments on Trump’s latest request to delay a trial until after Trump’s inauguration on Jan. 20.

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.


Comment via Facebook

Send this to a friend