Donald Trump is settling all three fraud lawsuits against Trump University for a total of $25 million, ending a long legal battle against former students who said his real estate seminar business cheated them out of thousands of dollars.
Trump brags that he doesn’t settle lawsuits. But the three lawsuits against Trump University — two class-action suits in California and an attorney general–generated lawsuit in New York — threatened to follow him to the White House. One of the class-action suits was set to go to trial November 28, and Trump’s lawyers had initially said he planned to attend it even though he’s preparing for his inauguration in January.
Donald Trump is settling all three fraud lawsuits against Trump University for a total of $25 million, ending a long legal battle against former students who said his real estate seminar business cheated them out of thousands of dollars.
Trump brags that he doesn’t settle lawsuits. But the three lawsuits against Trump University — two class-action suits in California and an attorney general–generated lawsuit in New York — threatened to follow him to the White House. One of the class-action suits was set to go to trial November 28, and Trump’s lawyers had initially said he planned to attend it even though he’s preparing for his inauguration in January.
Trump didn’t admit liability, according to the Los Angeles Times, although the $25 million he will pay includes $1 million in penalties to the state of New York and $21 million to former students.
The settlement, though, means that Trump will avoid the bizarre spectacle of serving as president-elect or even president while also facing a lawsuit for alleged fraud and racketeering — as well as the political fallout from any potential loss in court.
The two class-action lawsuits said Trump University was a fraud
The basic charge at the heart of two class-action lawsuits against Trump — Cohen v. Trumpand Low v. Trump — is that Trump’s "university," a series of get-rich-quick investment seminars, was a fraud.
The presiding judge for both suits was Gonzalo Curiel, whom Trump famously insulted during the campaign by saying that his Mexican heritage should disqualify him from the cases because Trump wanted to build a wall on the Mexican border.
Documents disclosed in the suits revealed clearly that Trump University had two goals: to identify prospects with the money to spend on Trump's seminars, and to get them to spend as much of it as possible.
The first seminar was free. The second, which was three days long, cost $1,500. The crown jewel was the year-long partnership with an adviser hand-picked by Donald Trump, an experience that cost $35,000. Even after they paid tens of thousands of dollars, students would be pushed to buy even more products. Recruiters were trained in the art of the high-pressure scam and were told to toy with their prospects' emotions and urge them to run up their credit cards.
Then Trump University didn't deliver on its promises. "To my knowledge, not a single consumer who paid for a Trump University seminar program went on to successfully invest in real estate based upon the techniques that were taught," Ronald Schnackenberg, a former sales manager for Trump University, said in a deposition.
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Trump didn’t admit liability, according to the Los Angeles Times, although the $25 million he will pay includes $1 million in penalties to the state of New York and $21 million to former students.
The settlement, though, means that Trump will avoid the bizarre spectacle of serving as president-elect or even president while also facing a lawsuit for alleged fraud and racketeering — as well as the political fallout from any potential loss in court.
The two class-action lawsuits said Trump University was a fraud
The basic charge at the heart of two class-action lawsuits against Trump — Cohen v. Trumpand Low v. Trump — is that Trump’s "university," a series of get-rich-quick investment seminars, was a fraud.
The presiding judge for both suits was Gonzalo Curiel, whom Trump famously insulted during the campaign by saying that his Mexican heritage should disqualify him from the cases because Trump wanted to build a wall on the Mexican border.
Documents disclosed in the suits revealed clearly that Trump University had two goals: to identify prospects with the money to spend on Trump's seminars, and to get them to spend as much of it as possible.
The first seminar was free. The second, which was three days long, cost $1,500. The crown jewel was the year-long partnership with an adviser hand-picked by Donald Trump, an experience that cost $35,000. Even after they paid tens of thousands of dollars, students would be pushed to buy even more products. Recruiters were trained in the art of the high-pressure scam and were told to toy with their prospects' emotions and urge them to run up their credit cards.
Then Trump University didn't deliver on its promises. "To my knowledge, not a single consumer who paid for a Trump University seminar program went on to successfully invest in real estate based upon the techniques that were taught," Ronald Schnackenberg, a former sales manager for Trump University, said in a deposition.
Cohen v. Trump makes essentially the same claims as Low v. Trump, but on behalf of anyone who purchased Trump University classes after January 1, 2007. Because it was brought under federal racketeering laws, it had the potential to be even more expensive by requiring Trump University to pay damages.
Cohen v. Trump also could have forced Trump to reveal one of his most closely guarded secrets: his net worth. In July 2015, Curiel ruled that Trump would have had to talk about how much he’s actually worth under penalty of perjury and respond to questions about how much money he'd put into, or made in profit from, Trump University.
The settlement means that information will stay secret. And the plaintiffs in the lawsuits will get $21 million in damages.
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Cohen v. Trump makes essentially the same claims as Low v. Trump, but on behalf of anyone who purchased Trump University classes after January 1, 2007. Because it was brought under federal racketeering laws, it had the potential to be even more expensive by requiring Trump University to pay damages.
Cohen v. Trump also could have forced Trump to reveal one of his most closely guarded secrets: his net worth. In July 2015, Curiel ruled that Trump would have had to talk about how much he’s actually worth under penalty of perjury and respond to questions about how much money he'd put into, or made in profit from, Trump University.
The settlement means that information will stay secret. And the plaintiffs in the lawsuits will get $21 million in damages.
New York v. the Trump Entrepreneur Initiative: New York Attorney General Eric Schneiderman also took on Trump
The other suit settled Friday was brought by New York Attorney General Eric Schneiderman, known for his pursuit of high-profile cases. People of the State of New York v. the Trump Entrepreneur Initiative, accused Trump University and Trump himself of fraud, deceptive practices, false advertising, violating state rules for educational institutions, operating an unlicensed school, and disregarding buyers' rights to cancel a transaction.
A trial court initially ruled that Schneiderman was filing his suit against Trump too late, throwing out most of the charges against him. But in March, a state appeals court decided the statute of limitation hadn't passed and that it could include evidence from up to six years ago about Trump University's deceptive practices.
Before the settlement, the lawsuit was being appealed to the state's highest court, with a hearing scheduled for December. Schneiderman had initially sought millions of dollars in penalties, but the settlement means Trump will pay only $1 million.
Settling is a rare move for Trump, who usually prefers to carry out a grinding legal battle. But he apparently thought $25 million was a fair price to make a problem that could cast a shadow over the beginning of his presidency go away.
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New York v. the Trump Entrepreneur Initiative: New York Attorney General Eric Schneiderman also took on Trump
The other suit settled Friday was brought by New York Attorney General Eric Schneiderman, known for his pursuit of high-profile cases. People of the State of New York v. the Trump Entrepreneur Initiative, accused Trump University and Trump himself of fraud, deceptive practices, false advertising, violating state rules for educational institutions, operating an unlicensed school, and disregarding buyers' rights to cancel a transaction.
A trial court initially ruled that Schneiderman was filing his suit against Trump too late, throwing out most of the charges against him. But in March, a state appeals court decided the statute of limitation hadn't passed and that it could include evidence from up to six years ago about Trump University's deceptive practices.
Before the settlement, the lawsuit was being appealed to the state's highest court, with a hearing scheduled for December. Schneiderman had initially sought millions of dollars in penalties, but the settlement means Trump will pay only $1 million.
Settling is a rare move for Trump, who usually prefers to carry out a grinding legal battle. But he apparently thought $25 million was a fair price to make a problem that could cast a shadow over the beginning of his presidency go away.
Trump constantly lies. According to thinkprogress, Trump has settled outside of court in at least 13 lawsuits against him. Examples include unfair labor practices against employees. Generally in the US, vast majority of lawsuits are usually settled before court trials begin.
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Trump constantly lies. According to thinkprogress, Trump has settled outside of court in at least 13 lawsuits against him. Examples include unfair labor practices against employees. Generally in the US, vast majority of lawsuits are usually settled before court trials begin.
He was told to settle for the good of the country. He didn't want to but he did it for the betterment of America. Can't have the new President in court it wouldn't look good. Trump wanted to have his day in court so don't make it sound like he's guilty.
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He was told to settle for the good of the country. He didn't want to but he did it for the betterment of America. Can't have the new President in court it wouldn't look good. Trump wanted to have his day in court so don't make it sound like he's guilty.
VP Pence went to the sold-out play Hamilton last night in NYC.As he walked in to the seating he got a small round of applause then he got an even larger round of booos.After he was seated,the actors came on stage and spoke to Pence and pleaded with him"Please protect us,vice-president Pence" Pence replied" 18th century Founding Fathers ? Anything."
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That's it!!!
Impeach him Now!!
VP Pence went to the sold-out play Hamilton last night in NYC.As he walked in to the seating he got a small round of applause then he got an even larger round of booos.After he was seated,the actors came on stage and spoke to Pence and pleaded with him"Please protect us,vice-president Pence" Pence replied" 18th century Founding Fathers ? Anything."
also, #2 above is even more true when you are suing a person or company that is paying as opposed to an insurance company.
one other thing. my guess is trump u really fucked these people over because these lawsuits are very difficult. they've tried similar lawsuits against shitty law schools that have charged people a bunch of money and given them a halfass education and then they can't get jobs after graduating but are stuck with huge debts. these lawsuits, as far as i've seen, haven't even gotten off the ground. but her trump is with a similar lawsuit paying a boatload of money. i'm guessing the fraud was massive.
here's an article about how difficult these lawsuits have been.
also, #2 above is even more true when you are suing a person or company that is paying as opposed to an insurance company.
one other thing. my guess is trump u really fucked these people over because these lawsuits are very difficult. they've tried similar lawsuits against shitty law schools that have charged people a bunch of money and given them a halfass education and then they can't get jobs after graduating but are stuck with huge debts. these lawsuits, as far as i've seen, haven't even gotten off the ground. but her trump is with a similar lawsuit paying a boatload of money. i'm guessing the fraud was massive.
here's an article about how difficult these lawsuits have been.
He was told to settle for the good of the country. He didn't want to but he did it for the betterment of America. Can't have the new President in court it wouldn't look good. Trump wanted to have his day in court so don't make it sound like he's guilty.
Are you Trump's new propaganda secretary ?
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Quote Originally Posted by 165yds:
He was told to settle for the good of the country. He didn't want to but he did it for the betterment of America. Can't have the new President in court it wouldn't look good. Trump wanted to have his day in court so don't make it sound like he's guilty.
You're one of the biggest hypocrites on this site. Closet liberal pretending to be an NPI. Sorry your feelings were hurt when Trump won. Just stating facts. You don't like it it's your problem not mine. Maybe you shouldn't enter the politics forum from now on, I know how sensitive you can get.
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Quote Originally Posted by mattbrot:
165yds - do us a favor and put a cork in it.
Thanks
You're one of the biggest hypocrites on this site. Closet liberal pretending to be an NPI. Sorry your feelings were hurt when Trump won. Just stating facts. You don't like it it's your problem not mine. Maybe you shouldn't enter the politics forum from now on, I know how sensitive you can get.
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
0
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
He ran a scam? Come on.... And the prestigious "universities" that charge $60K a year in tuition are of the highest standard? They ever get sued for their b.s. curriculums? Please...
Come on Wall, HRC is as corrupt as they come, how on earth could 60M people be ok with the lies/deception and elitist attitude with NO accomplishments. She should be in "C" block if the democrats weren't so corrupt to the core. The country was finished if it continued with 0's policies. You just hate the (R's) huh Wall? 70% of the country says its going in the wrong direction. The (D's) had their chance and fkd it up globally & nationally. Trump is neither and he'll get things done instead of 8 years of failure - BHO or HRC, all talk just like the man said. Oh, except for getting Obamacare passed which is a complete disaster and won't survive the winter.
0
He ran a scam? Come on.... And the prestigious "universities" that charge $60K a year in tuition are of the highest standard? They ever get sued for their b.s. curriculums? Please...
Come on Wall, HRC is as corrupt as they come, how on earth could 60M people be ok with the lies/deception and elitist attitude with NO accomplishments. She should be in "C" block if the democrats weren't so corrupt to the core. The country was finished if it continued with 0's policies. You just hate the (R's) huh Wall? 70% of the country says its going in the wrong direction. The (D's) had their chance and fkd it up globally & nationally. Trump is neither and he'll get things done instead of 8 years of failure - BHO or HRC, all talk just like the man said. Oh, except for getting Obamacare passed which is a complete disaster and won't survive the winter.
His university was a scam real estate gig layered with higher and higher levels of fees and "coaching"..
These sort of scams have been going on for decades, they are all quite similar..get people in the door with low cost basic garbage learning and then upsell with promises of higher returns and more success.
Trump University was a total scam, him denying it is nothing short of protecting his brand and he knows he could lawyer this to death for years hoping the other side would give up or settle for little rather than rack up legal fees for 20 yrs.
0
killer,
His university was a scam real estate gig layered with higher and higher levels of fees and "coaching"..
These sort of scams have been going on for decades, they are all quite similar..get people in the door with low cost basic garbage learning and then upsell with promises of higher returns and more success.
Trump University was a total scam, him denying it is nothing short of protecting his brand and he knows he could lawyer this to death for years hoping the other side would give up or settle for little rather than rack up legal fees for 20 yrs.
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
We get it you don't like him. Don't see the point in the continuous and repetitive nature of your posts which has been going on now for 18 months. It got old a long time ago. How about some positivity for once and hoping he succeeds which Trump haters like yourself are terrified of. Give him a chance first at least 2 years and take it from there. Forget the past and let's unite as a country and get behind our government for once which has a chance to do some special things.
0
Quote Originally Posted by wallstreetcappers:
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
We get it you don't like him. Don't see the point in the continuous and repetitive nature of your posts which has been going on now for 18 months. It got old a long time ago. How about some positivity for once and hoping he succeeds which Trump haters like yourself are terrified of. Give him a chance first at least 2 years and take it from there. Forget the past and let's unite as a country and get behind our government for once which has a chance to do some special things.
We get it you don't like him. Don't see the point in the continuous and repetitive nature of your posts which has been going on now for 18 months. It got old a long time ago. How about some positivity for once and hoping he succeeds which Trump haters like yourself are terrified of. Give him a chance first at least 2 years and take it from there. Forget the past and let's unite as a country and get behind our government for once which has a chance to do some special things.
HA...
No way, us moronz libs gots us four yrs of cut and paste bash-un to catch up on, ya hear???
0
Quote Originally Posted by 165yds:
We get it you don't like him. Don't see the point in the continuous and repetitive nature of your posts which has been going on now for 18 months. It got old a long time ago. How about some positivity for once and hoping he succeeds which Trump haters like yourself are terrified of. Give him a chance first at least 2 years and take it from there. Forget the past and let's unite as a country and get behind our government for once which has a chance to do some special things.
HA...
No way, us moronz libs gots us four yrs of cut and paste bash-un to catch up on, ya hear???
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
^^^ This....
I essentially voted for "none of the above" for President. I couldn't, in good conscience, back either one of these snakes. This wasn't about "not backing a woman for prez", it was about having to live with a decision for the next four years.
0
Quote Originally Posted by wallstreetcappers:
President or not he ran a scam period. I am no more bothered about this now than I was long ago.
He is a paper giant, tries to portray himself for things he really is not in extremes he is not. He knows how to hide and deceive and how to manage his image.
I still have no idea how there were so many stupid people out there willing to accept the multitude of his biases, lies and frauds all to put a R in office. It does go to show how horrible of a candidate Clinton was and how low the bar was for this election.
^^^ This....
I essentially voted for "none of the above" for President. I couldn't, in good conscience, back either one of these snakes. This wasn't about "not backing a woman for prez", it was about having to live with a decision for the next four years.
His university was a scam real estate gig layered with higher and higher levels of fees and "coaching"..
These sort of scams have been going on for decades, they are all quite similar..get people in the door with low cost basic garbage learning and then upsell with promises of higher returns and more success.
Trump University was a total scam, him denying it is nothing short of protecting his brand and he knows he could lawyer this to death for years hoping the other side would give up or settle for little rather than rack up legal fees for 20 yrs.
Trump got what he wants, the White House and GOP backed House and Senate. Dude might scam or stiff against the System.
0
Quote Originally Posted by wallstreetcappers:
killer,
His university was a scam real estate gig layered with higher and higher levels of fees and "coaching"..
These sort of scams have been going on for decades, they are all quite similar..get people in the door with low cost basic garbage learning and then upsell with promises of higher returns and more success.
Trump University was a total scam, him denying it is nothing short of protecting his brand and he knows he could lawyer this to death for years hoping the other side would give up or settle for little rather than rack up legal fees for 20 yrs.
Trump got what he wants, the White House and GOP backed House and Senate. Dude might scam or stiff against the System.
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Are you Trump's new propaganda secretary ?
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