Saturday, November 19, 2016

Trump Just Agreed to Pay Victims of Trump University Millions

Donald Trump has personally agreed to pay $25 million dollars to the victims of his Trump University scam, settling class action fraud and racketeering charges in federal court as well as New York state charges.
New York Attorney General Eric Schneiderman released a statement which declares that Trump paid a seven-figure fine for breaking his state education laws. Trump’s fake university ran afoul of laws meant to protect residents from predatory private for-profit colleges that took your money and then gave you a cereal box diploma:
I am pleased that under the terms of this settlement, every victim will receive restitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws. The victims of Trump University have waited years for today’s result and I am pleased that their patience–and persistence–will be rewarded by this $25 million settlement.
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. Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university. Today, that all changes. Today’s $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.
Trump lost a fourth lawsuit related to his sham university, after he sued a former student in retaliation for reporting him to the authorities. That retaliatory lawsuit was judged a violation of the First Amendment, and he paid the student’s attorney’s fees after losing. That student Tara Markeiff became lead plaintiff in the class-action fraud case settled today, but dropped out in March complaining that Trump’s abusive litigation tactics were unbearable.
Earlier this year, then-Republican candidate Donald Trump crowed to the Republican primary audience that he never settles lawsuits, and did the same on cable TV, but on the eve of the trial scheduled for November 28th, in a San Diego federal court, he folded.
I don’t settle cases. You know what happens? When you start settling lawsuits, everybody sues you,” he said on MSNBC in March, responding to a question about Trump University. “I don’t get sued because I don’t settle cases. I win in court.”

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