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DonViejo

(60,536 posts)
Fri Nov 18, 2016, 05:44 PM Nov 2016

Trump agrees to 25 million settlement in Trump University fraud cases

Source: The Washington Post

By Rosalind S. Helderman November 18 at 4:32 PM
President-elect Donald Trump, who has repeatedly bragged he never settles lawsuits despite a long history of doing so, has agreed to a 25 million settlement to end the fraud cases pending against his defunct real estate seminar program, Trump University, according to New York Attorney General Eric Schneiderman.

Schneiderman said in a Friday statement that the settlement includes a 1 million penalty paid to New York state for violating the states education laws by calling the program a university despite offering no degrees or traditional education.

Schneiderman said his office had sued Trump for swindling thousands of innocent Americans out of millions of dollars and that the settlement had come despite resistance from Trump. Today, that all changes. Todays 25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university, he said. Neither representatives for Trump nor lawyers for plaintiffs in the two California suits immediately responded to a request for comment.

The settlement eliminates the possibility that Trump will be called to testify in court in the midst of his presidential transition. The deal ends three suits against him, including a California class action case that was scheduled to go to trial later this month, as well as a second suit in that state and the New York state action.

-snip-

Read more: https://www.washingtonpost.com/politics/source-trump-nearing-settlement-in-trump-university-fraud-cases/2016/11/18/8dc047c0-ada0-11e6-a31b-4b6397e625d0_story.html

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Trump agrees to 25 million settlement in Trump University fraud cases (Original Post) DonViejo Nov 2016 OP
I wonder if indivduals will get some money back..?? Stuart G Nov 2016 #1
Plus he has a history of not paying settlements and other bills. dixiegrrrrl Nov 2016 #10
That's what I'm thinking Plucketeer Nov 2016 #21
I am waiting for them to bust him for using his foundation to pay his bills. dixiegrrrrl Nov 2016 #23
This says the victims will get restitution -State from NY AG.... riversedge Nov 2016 #13
Damn, I wanted him to testify. LisaM Nov 2016 #2
'the settlement includes a 1 million penalty paid to New York state for violating elleng Nov 2016 #3
Let's hope the child rape victim doesn't settle. Qutzupalotl Nov 2016 #4
believe she already dropped her case rurallib Nov 2016 #6
She declined to come forward early due to threats of violence. Qutzupalotl Nov 2016 #7
I did not know that - thanks rurallib Nov 2016 #8
Whoops, you were right. Qutzupalotl Nov 2016 #12
son of a bitch got away again rurallib Nov 2016 #5
There is much speculation as to exactly how much he is worth in real money. dixiegrrrrl Nov 2016 #24
didn't this clown attack the Clintons for the Paula Jones settlement? ericson00 Nov 2016 #9
If he did, I would love to see the documentatio (or tweet).. It would be another smack riversedge Nov 2016 #14
here it is: ericson00 Nov 2016 #17
I wonder if "One dollar a year" is off the table now? yallerdawg Nov 2016 #11
... (shakes head).... and this is going to be our president. IcyPeas Nov 2016 #15
Florida and texas d_r Nov 2016 #16
I was looking forward to him testifying (sarcasm) Equinox Moon Nov 2016 #18
I settled with Star Kist Tuna and I have never gotten a free can of it! world wide wally Nov 2016 #19
Orange nazi weasel. Pay up. rec, nt. Mc Mike Nov 2016 #20
Good job America. reflection Nov 2016 #22
How Quait turbinetree Nov 2016 #25
Better to hope the people get paid immediately kimbutgar Nov 2016 #26
Dambo! I was hoping to see tRump Indicted. Wolf Frankula Nov 2016 #27
This is an ADMITTION OF GUILT by Don The Con - This is BIG News !!!! vkkv Nov 2016 #28
I agree. riversedge Nov 2016 #30
I hope all the other victims of this scam get on the "make Trump pay train." Vinca Nov 2016 #29
Cover of Daily news on this article... riversedge Nov 2016 #31
I am pretty good at math airplaneman Nov 2016 #32

Stuart G

(38,448 posts)
1. I wonder if indivduals will get some money back..??
Fri Nov 18, 2016, 05:53 PM
Nov 2016

It is not clear how that 25 million will be distributed..(at least from the article it is not clear)

dixiegrrrrl

(60,010 posts)
10. Plus he has a history of not paying settlements and other bills.
Fri Nov 18, 2016, 06:22 PM
Nov 2016

I am sure someone with a brain told him that business as usual is not a good idea now.

 

Plucketeer

(12,882 posts)
21. That's what I'm thinking
Fri Nov 18, 2016, 07:51 PM
Nov 2016

It's one thing to get a decision - it's a whole nother thing to actually collect on it!

dixiegrrrrl

(60,010 posts)
23. I am waiting for them to bust him for using his foundation to pay his bills.
Fri Nov 18, 2016, 09:37 PM
Nov 2016

Hopefully he will screw up and pay this bill from it.

LisaM

(27,832 posts)
2. Damn, I wanted him to testify.
Fri Nov 18, 2016, 06:00 PM
Nov 2016

However, that was for my sake. For the sake of the people who were defrauded, I hope they get some financial relief.

I also hope that the media broadcasts this, along with tape of his saying that he "never settles".

elleng

(131,129 posts)
3. 'the settlement includes a 1 million penalty paid to New York state for violating
Fri Nov 18, 2016, 06:05 PM
Nov 2016

the states education laws by calling the program a university despite offering no degrees or traditional education.'

Qutzupalotl

(14,331 posts)
4. Let's hope the child rape victim doesn't settle.
Fri Nov 18, 2016, 06:09 PM
Nov 2016

Trump's court hearing is Dec. 16, just before the electors meet.

rurallib

(62,448 posts)
5. son of a bitch got away again
Fri Nov 18, 2016, 06:09 PM
Nov 2016

donors will either pay or repay the settlement I would bet.
Besides $25 million is nothing to him. MFer!

dixiegrrrrl

(60,010 posts)
24. There is much speculation as to exactly how much he is worth in real money.
Fri Nov 18, 2016, 09:49 PM
Nov 2016

His refusal to show his records may be in part (given his ego) a way to avoid anyone knowing his actual worth.

What IS known is that he uses his foundation, and now his campaign, for money.
But in fact, his bankruptcies show that the various businesses were used as a money pit for him, via loans and shares, until they folded because they were not self supporting. Investors lost, he walked away with huge payouts.

Bank Trumpcy.....fits him.

 

ericson00

(2,707 posts)
9. didn't this clown attack the Clintons for the Paula Jones settlement?
Fri Nov 18, 2016, 06:21 PM
Nov 2016

he is showing more blatant hypocrisy every day.

riversedge

(70,306 posts)
14. If he did, I would love to see the documentatio (or tweet).. It would be another smack
Fri Nov 18, 2016, 07:03 PM
Nov 2016

down on his his hypocrisy!

yallerdawg

(16,104 posts)
11. I wonder if "One dollar a year" is off the table now?
Fri Nov 18, 2016, 06:28 PM
Nov 2016

This president thing is costing him a fortune.

Can't wait until he has to move to public housing!

world wide wally

(21,755 posts)
19. I settled with Star Kist Tuna and I have never gotten a free can of it!
Fri Nov 18, 2016, 07:42 PM
Nov 2016

They said I would be getting a case of it or fifty dollars!.
I never got either one. So now you know what to exect

turbinetree

(24,720 posts)
25. How Quait
Fri Nov 18, 2016, 10:26 PM
Nov 2016

if you or I were to do this we would be in the witness box answering some questions.

Amazing how someone that committed fraud can now walk, and those individuals are still in a lurch.

This just p****** me off to no end.

The public was told for months that this was going to trial, months. And people wonder why they / we are upset, there are those that commit a crime and get away with it, and then there are those that commit a crime and go to trial


Wolf Frankula

(3,601 posts)
27. Dambo! I was hoping to see tRump Indicted.
Sat Nov 19, 2016, 12:27 AM
Nov 2016

Would the Electoral College elect somebody under indictment?

Wolf

Vinca

(50,304 posts)
29. I hope all the other victims of this scam get on the "make Trump pay train."
Sat Nov 19, 2016, 02:34 PM
Nov 2016

It would be nice if someone had the balls not to settle and made him appear in court.

airplaneman

(1,240 posts)
32. I am pretty good at math
Sun Nov 20, 2016, 03:22 AM
Nov 2016

$25,000,000 divided by 6,000 students = $4166.67. And how much did one semester cost at Trump U? This does not sound like much compensation to me.
-Airplane

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