Donald Trump Bows To NY Attorney General He Called A Racist, settles Trump University fraud lawsuits for £20million.

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NEW YORK - MAY 23: Real estate mogul Donald Trump (R) speaks as university president Michael Sexton (L) looks on during a news conference announcing the establishment of Trump University May 23, 2005 in New York City. Trump University will consist of on-line courses, CD-ROMS and other learning programs for business professionals. (Photo by Mario Tama/Getty Images)

 You would recall that Students who took the course claimed they were lured into paying up to $35,000 (£28,357) to learn Trump’s real estate investing ‘secrets’ from his ‘hand-picked’ instructors.

The university, which closed in 2010, was branded a ‘fraud from beginning to end’ by Schneiderman in July. He had also said it used ‘false promises to prey on desperate people’. Read What the New York Attorney General had to say after the cut...


Speaking in June, Trump said: ‘I will win the Trump University case. I already am, as far as I’m concerned. I could settle that case. I could have settled that case, I just choose not to.’
As news of the settlement came out, Trump refused to admit any wrongdoing. It is believed he personally made about $5million – or £4million – from the ‘scheme’.
The settlement comes after Trump repeatedly said he would not settle the class-action lawsuits.
One of the trials had been due to begin in San Diego on November 28, but Trump’s lawyers had attempted – unsuccessfully – to delay it until after he was sworn in as president in January.

New York Attorney General Eric Schneiderman said in a statement: ‘Today’s $25million (£20million) settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.’

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