Trump settles Trump University lawsuits for $25 million

Trump settles Trump University lawsuits for $25 millionPresident-elect Donald Trump has agreed to pay $25 million to former students of his for-profit Trump University as part of a settlement that resolves three outstanding lawsuits against him, including one in which he was set to testify in a trial that was due to begin in San Diego later this month. As part of the agreement, Trump will pay $1 million in penalties to the state of New York for violating state education laws by labeling his nonaccredited school a “university” without registering as an educational institution with New York state officials, according to New York Attorney General Eric T. Schneiderman, who announced the settlement Friday afternoon. “In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of millions of dollars through a scheme known as Trump University,” Schneiderman said in a statement.

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