Trump is about to fork over at least $20 million to settle Trump University fraud suit: report
Although Donald Trump has repeatedly said that he didn’t defraud students who paid to attend his Trump University seminars, it looks like he’s still getting ready to pay them a hefty chunk of change.
The New York Daily News reports that Trump is preparing to offer a settlement worth between $20 million and $25 million to settle the Trump University fraud case, although apparently Trump will admit no wrongdoing as part of the deal.
Although Trump had vowed to never settle the case while he was on the campaign trail, the New York Daily News’ source claims that the president-elect has done a complete 180-degree turn on the matter since winning last week.
The publication says that the Trump University settlement has been 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.”