Local Menu

Statement By A.G. Schneiderman On $25 Million Settlement Agreement Reached In Trump University Case

News from Attorney General Eric T. Schneiderman

FOR IMMEDIATE RELEASE
November 18, 2016

New York City Press Office / 212-416-8060
Albany Press Office / 518-473-5525
nyag.pressoffice@ag.NY.gov
Twitter: @AGSchneiderman

STATEMENT BY A.G. SCHNEIDERMAN ON $25 MILLION SETTLEMENT AGREEMENT REACHED IN TRUMP UNIVERSITY CASE

NEW YORK – Attorney General Eric T. Schneiderman issued the following statement on the $25 million settlement agreement reached in Trump University case:

In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of millions of dollars through a scheme known as Trump University. Donald Trump fought us every step of the way, filing baseless charges and fruitless appealsand refusing to settle for even modest amounts of compensation for the victims of his phony university. Today, that all changes. Today's $25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.

I am pleased that under the terms of this settlement, every victim will receive restitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws. The victims of Trump University have waited years for today's result and I am pleased that their patience--and persistence--will be rewarded by this $25 million settlement.