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Trump University Lawsuit Quickly Settled For $25 Million

I guess the President-Elect didn't want a racketeering lawsuit hanging over his head?
Trump University Lawsuit Quickly Settled For $25 Million
Image from: Mother Jones

If you're about to assume the highest office in the land, it probably makes sense to settle a pending federal lawsuit ahead of taking the oath to uphold and defend the Constitution.

And so it came to pass today that Donald J. Trump settled his Trump University lawsuit for $25 million ahead of taking the sacred oath.

New York Attorney General Eric Schneiderman issued a statement this 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. Donald Trump fought us every step of the way, filing baseless charges and fruitless appeal​s​ 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.

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.

I hope it puts some meaningful money back in their pockets. Truly, I do. At this point, bilking vulnerable people out of their life savings looks like it's going to be a part of our government's philosophy going forward, so it may be the last small measure of justice we see Trump get.

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