Trump University good to pay 25 million dollars in fraud case settlement

Trump University has reached a 25 million dollar fraud settlement at the end of three litigations.

The former students, who had filed two collective lawsuits, will claim twenty million dollars of the amount while the rest will be used to settle in a third case initiated by the Public Prosecutor Eric Schneiderman of New York, Schneider announced on Friday.

With this settlement, the lawsuits against Trump University have come to an end. Trump’s layers had even asked last week for a postponement until Donald Trump’s inauguration as President of the United States.

The lawsuit filed by former students at Trump University, which no longer exists, revolves around deception and even the President-elect himself wanted to testify in the case.

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The former students say they were lured to study at this university under the false pretenses that a “select group” of experts would teach them all “secrets” used by Donald Trump for doing business. The former students said they have each paid between $1,500 and $35,000 for the university courses, writes WSJ.

According to court documents, Donald Trumo, who has 92 percent of Trump University in his possession, was responsible for the most important business of the educational insitution. However, he denies that saying the decisions were left to others.

According to Schneiderman five thousand people became victims of this fraud which amonts to about $40 million.