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Filed: K-1 Visa Country: United Kingdom
Timeline
Posted

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.

The settlement eliminates the possibility that Trump will be called to testify in court in the midst of his presidential transition. It ends three separate lawsuits that made claims against Trump University, 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 an action filed by New York Attorney Gen. Eric Schneiderman.

In a statement, Trump Organization General Counsel Alan Garten said he believed Trump would have prevailed at trial but settled so Trump could devote his full attention to the important issues facing our great nation during his presidential transition.

Schneiderman, who had faced harsh attacks from Trump since filing the 2013 suit, said in a statement that his office had sued Trump for swindling thousands of innocent Americans out of millions of dollars and that the settlement had come despite significant resistance from Trump for years.

Today, that all changes, he said. 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 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. Trump did not, however, admit fault regarding the claims that customers were cheated.

A lawyer representing former customers in the two California cases also confirmed the settlement at a hearing in San Diego.

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

Posted

laws only matter if you can't afford the fines.

Isn't that the truth. Wonder if he'll settle the other court cases against him?

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Posted (edited)

That's just Trump change . Must not have been much to it

I don't know that much about Trump University. According to wikipedia (I know, not a great source, I believe the sources for wikipedia are a NYT and a Time Magazine article):

7611 tickets in total were sold to customers attending courses. Approximately 6000 of these tickets were for a $1,500 3-day course and 1000 tickets were for silver, gold or elite mentored courses ranging in price from $10,000 to $35,000.

The 6,000 tickets for 1,500 dollar courses amount to 9 million dollars. The other 1,000 tickets were between 10 - 35 million dollars. Pick a middle number say 22 million. Total then would be 31 million dollars. 25 million isn't THAT far off.

The only thing that is definitely true is that it is "Trump change" to Trump.

Edited by bcking
Filed: IR-1/CR-1 Visa Country: Israel
Timeline
Posted

What kind of idiot takes a Real Estate Investment course? And then pays that large amount of money. Idiots

LOL especially from a guy who couldn't even see the real estate crash coming.

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Filed: AOS (apr) Country: Cyprus
Timeline
Posted

What kind of idiot takes a Real Estate Investment course? And then pays that large amount of money. Idiots

Does that make Trump an idiot for offering it ? Or just a con ?

Spoiler

 

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Filed: Timeline
Posted

Does that make Trump an idiot for offering it ? Or just a con ?

It idiots for taking it? You ever done the Real Estate game? There is lots to money to be made, and lots of it doesn't even involve physical assets. Signing people up and teaching them how to be and Real Estate Investor is a common game for money. Lots of idiots willing to part with their money.

Filed: AOS (apr) Country: Cyprus
Timeline
Posted

That was my point, it was a money game and what is disturbing is that you don't care that Trump conned people, you blame the innocent instead.

Spoiler

 

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Filed: IR-1/CR-1 Visa Country: Canada
Timeline
Posted

What kind of idiot takes a Real Estate Investment course? And then pays that large amount of money. Idiots

the same type if idiots that listen to a Trump political sales pitch and think all that winning is going to trickle down to them

The content available on a site dedicated to bringing folks to America should not be promoting racial discord, euro-supremacy, discrimination based on religion , exclusion of groups from immigration based on where they were born, disenfranchisement of voters rights based on how they might vote.

horsey-change.jpg?w=336&h=265

 

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