Trump University Attendees to Receive an Astounding $25 Million Settlement!
A federal judge in the South District of California finalized a $25 million settlement for the attendees of the now-defunct Trump University real estate seminar last Monday. The judge, Gonzalo Curiel, decided this after an appeals court rejected arguments from a woman in Florida who attended Trump University, and said she wanted to pursue a separate lawsuit.
Eric T. Schneiderman, New York Attorney General, said that the settlement was a victory for the alleged victims of the real estate seminar. He said in a statement that Judge Curiel’s order that finalized the $25 million Trump University settlement means that the victims of President Trump’s fraudulent university will finally receive the relief they deserve. He also remarked the amount surpassed what the class-action suit initially negotiated for.
Schneiderman further claimed that the settlement marks a dramatic reversal by President Trump as the President has refused to compensate attendees of Trump University for years. He also added that his office will never hesitate in going after those who commit fraud, and they will be held accountable for their actions no matter how rich and powerful they may be.
Trump University was a for-profit series of seminars regarding real estate and entrepreneurship that also prodded its attendees into purchasing President Trump’s books. The courses claimed to teach attendees of Trump’s secrets to success in real estate. Because of this, plaintiff’s accused Trump University of false advertising. Within the weeks after Trump had become President, the university agreed to settle the claims for $21 million and an additional $4 million to the New York Attorney General’s office.
Schneiderman initially sued Trump for allegedly defrauding thousands of Trump University attendees out of millions of dollars back in 2013. The $25 million settlement will recover about 90% of the costs of those who attended Trump University which did not admit to any wrongdoing, which was part of the settlement deal. The Trump Organization spokesman said that he had no doubt Trump University would prevail if the case would go to trial but prioritized a resolution of these matters so that Trump could focus on running the United States.
Trump University lessons
Trump University existed to educate its “students” about the do’s and don’ts of real estate. However, it was allegedly only involved instructors who sold intellectually flimsy seminars that cost tens of thousands of dollars using infomercial-style high-pressure sales tactics. The institution was forced to change its name to the Trump Entrepreneur Initiative by New York Officials who wrote that its use of the word university was misleading and that it violated state law.
When the disgruntled student’s lawsuit became an issue back in the 2016 presidential campaign, Trump said that the judge handling the case was unfit to preside as his Mexican ancestry made him biased against the incumbent president.
The lawsuits against the president
There were three different lawsuits against the president regarding the allegedly fraudulent Trump University series of seminars. The basic charge at the heart of the matter was Cohen v. Trump, which basically stated that the entire case was a hoax. The second lawsuit is Low v. Trump, and it was filed in 2010.
However, back then, it was once Makaeff v. Trump, which stated the same as what the first one entailed but had another facet to it. Trump had sued Makaeff and lost, although Judge Curiel reduced the court costs from $13 million to only $790,000. After this, and after spending five years as the lead plaintiff in the lawsuit, Tarla Makaeff opted out of the proceedings, saying she feared the stress of the entire matter would damage her health.
The third lawsuit was People of the State of New York v. The Trump Entrepreneurship Initiative. This lawsuit accused not only Trump University, but also Trump himself of fraud, deceptive practices, false advertising, violating state rules for educational institutions, operating an unlicensed school, and disregarding buyer’s rights to cancel a transaction, and it sought millions of dollars in damages. Trump responded by using the Attorney General, Schneiderman.
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