Statement By A.G. Schneiderman On $25 Million Settlement Agreement Reached In Trump University Case : RushPRNews - Newswire & Global Press Release Distribution

 
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Statement By A.G. Schneiderman On $25 Million Settlement Agreement Reached In Trump University Case

November 18, 2016

Statement By A.G. Schneiderman On $25 Million Settlement Agreement Reached In Trump University Case
Scales of Justice

NEW YORK (rushPRnews) 11/18/16 —  – Attorney General Eric T. Schneiderman issued the following statement on the $25 million settlement agreement reached in Trump University case:

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 appeals  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.

Media Contact Name: NEW YORK CITY PRESS OFFICE
Media Phone: (212) 416-8060
Media Web Address: http://www.ag.ny.gov/press-release/statement-ag-schneiderman-25-million-settlement-agreement-reached-trump-university
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