Chalk one up for the little guy. The con job Donald Trump pulled on thousands of unsuspecting students at his so-called, “Trump University” backfired, causing the so-called “president-elect” to settle numerous lawsuits against him for $25 million.On Wednesday, two days before he becomes the 45th president of the United States, Donald Trump paid what he owes for a chance and sent in the payment.
President-elect Donald Trump made a payment of $25 million on Wednesday to settle three lawsuits filed against his Trump University wealth seminars.
The Trump Entrepreneur Initiative, formerly named Trump University, made the payment on Wednesday according to a CNN Money report that cited plaintiffs’ lawyers.
Out of the settlement, $21 million will go to about 7,000 former Trump University enrollees in two California class action lawsuits and the remaining $4 million will cover a case brought against Trump by New York’s attorney general Eric Schneiderman, according to the report. As part of the deal, Trump University did not admit any wrongdoing or fault.
The Trump Organization did not have an immediate comment to CNN.