President-elect Donald Trump nearing settlement in Trump University fraud case

[DonViejo]

Source: New York Daily News

Friday, November 18, 2016, 9:15 AM

ALBANY — In a complete turnaround from his previous position, President-elect Donald Trump is nearing a settlement of the fraud cases brought in New York and California involving his now defunct for-profit Trump University, the Daily News has learned.

Under the emerging deal being negotiated by Trump's lawyers, New York State Attorney General Eric Schneiderman and the law firm that brought a class action lawsuit regarding Trump University in California, the president-elect will agree to pay between $20 million and $25 million to settle the matter, a source with knowledge of the situation said.

Trump will not admit to any wrongdoing in the final agreement, which could be announced as soon as Friday, the source said.

During the presidential campaign, Trump had threatened to have his executives reopen the school once the cases were done. It's not clear if that was bluster or if the settlement will bar that from happening even if he was serious.

-snip-

Read more: http://www.nydailynews.com/news/national/donald-trump-nearing-settlement-trump-university-fraud-case-article-1.2878780?cid=bitly

[Skinner]

1. No surprise there. (nt)

[Hortensis]

5. Exactly. Make it go awaaay.

That said, I was afraid of what a jury might have decided in these insane days. Many of those plaintiffs really, really need the money they were swindled out of. At least with a settlement they won't risk losing everything.

[turbinetree]

2. F*** that

bring him into court and have him testify. None of this "settlement " BS.

That's whats been going on since 2008 with the housing stuff. Do your job!!!!

If he goes into court and "will lie" then he cannot be chief of of the national treasure.

If I were to do that you can bet one dollar that I would be going to court.

I want to see all of the senators in the U.S. Senate with there right wing judges giving this "guy" a pass, like he has been given a pass on everything in his life.

[trusty elf]

3. ....

[img][/img]

[jpak]

8. OMG!!!1111

[NurseJackie]

9. Heartbreaking and nauseating.

[Equinox Moon]

15. Who made this?

[trusty elf]

17. ..... I did

[PatSeg]

18. Good job!

[Botany]

4. and so now Trump will not have to stand trial for his con job?

For God's sake Trump U targeted the widows of Vets killed in Iraq telling them
that they could use their Trump U degrees to start their home real estate business
so they could be home to take care of her kids too. And in the end they 10s of
thousands of $s in credit card debt and nothing of real value.

[DonViejo]

13. No trial unless the plaintiffs decide not to accept the settlement offer. eom

[Botany]

14. I hope at least some of them don't

Trump needs to be stopped. This was a coup.

[barbtries]

6. and then it will all just go away.

a proven FRAUD, the president of the united states.

[jpak]

7. "I never settle" - DJT

Cheeto fail.

yup

[Historic NY]

10. They better make sure the money is in the bank..

[DippyDem]

11. Or go bankrupt after settlement.

[a kennedy]

12. "Trump will not admit to any wrongdoing" of course he won't.

I despise this orange lump of crap.

[cbdo2007]

20. They should deny the settlement based on that....actually ALL SETTLEMENTS should throw that clause

out. That basically lets anyone buy off the court system to keep their name good.

[yallerdawg]

16. 20-25,000,000 for doing nothing wrong?

"I'm a great negotiator, the best negotiator. I'm the best."

My Magic Eight Ball says:

[Javaman]

19. that's nice, but the bigger question is...

will he actually pay it?

that seems to be the real issue here.

trump will skip. got a feeling.

[lark]

21. Disgusting pig.

Schneiderman shouldn't settle, he'll never collect and the Donald will once again avoid taking responsibility for being a criminal fraud.

Goddess, I hate this so much!

[Skittles]

22. Crooked Donald

disgusting

[blogslut]

23. Settlement Confirmed

https://twitter.com/CNBC/status/799721838796488708

@CNBC
BREAKING: NY AG announces $25M settlement in Trump University case.

[mitty14u2]

24. They want this out of the News ASAP, should have went for 600 million for the 6000 he defrauded.

This is how they clean out the swamp, WTF he should go to jail like you or I would!