Trump Makes $25M Payment To Settle Trump University Fraud Lawsuits

AP

President-elect Donald Trump made a payment of $25 million on Wednesday to settle three lawsuits filed against his Trump University wealth seminars.

The Trump Entrepreneur Initiative, formerly named Trump University, made the payment on Wednesday according to a CNN Money report that cited plaintiffs’ lawyers.

Out of the settlement, $21 million will go to about 7,000 former Trump University enrollees in two California class action lawsuits and the remaining $4 million will cover a case brought against Trump by New York’s attorney general Eric Schneiderman, according to the report. As part of the deal, Trump University did not admit any wrongdoing or fault.

The Trump Organization did not have an immediate comment to CNN.

In March 2016, Trump addressed the cases in a campaign video where he said he is “not a settler.”

“I just don’t believe in settling, especially when you’re right,” he said. “Once you settle, everybody sues you.”

Trump agreed to the settlement in November shortly after winning the presidential election.

ABOUT THE AUTHOR

Esme Cribb is a newswriter for TPM in New York City. She can be found on Twitter @emquiry and reached by email at esme@talkingpointsmemo.com.
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