Part-PEN-52959849TR001_TrumpPress-1-1-0

Trump settles Trump University lawsuits for $25 mn

Donald Trump holds a media conference to announce the establishment of Trump University in New York City on May 23, 2005US President-elect Donald Trump agreed to pay $25 million to settle lawsuits accusing his now-defunct Trump University of fraud, sparing him the embarrassment of further legal wrangling as he prepares to enter the White House. Students paid as much as $35,000 to enroll, wrongly believing they would make it big in real estate after being taught by the Manhattan mogul’s hand-picked experts, said the suits brought in New York and California. Trump’s lawyers had countered for years that many students had given the program a thumbs-up and those who failed to succeed had only themselves to blame.

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