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" President-elect Donald Trump is close to settling two lawsuits brought against him over the now defunct Trump University, The New York Daily News reported on Friday.
The settlement would reportedly require Trump to pay between $20 million and $25 million, though he would not have to admit to any wrongdoing.
The lawsuits, filed by New York Attorney General Eric Schneiderman and a law firm in California, alleged that the for-profit school had scammed customers into taking expensive classes that were run by people who had little to no connection to Trump himself.
"Using false promises to prey on desperate people has long been a hallmark of snake-oil salesmen," Schneiderman said in July. "A lawsuit by my office alleges that Donald Trump was basically doing the same thing with Trump University."
Trump, who during the presidential campaign had vowed not to settle and denied the allegations, will avoid a scheduled court appearance in the coming weeks with the settlement. "
http://thehill.com/homenews/administration/306720-report-trump-to-settle-trump-university-lawsuits
The settlement would reportedly require Trump to pay between $20 million and $25 million, though he would not have to admit to any wrongdoing.
The lawsuits, filed by New York Attorney General Eric Schneiderman and a law firm in California, alleged that the for-profit school had scammed customers into taking expensive classes that were run by people who had little to no connection to Trump himself.
"Using false promises to prey on desperate people has long been a hallmark of snake-oil salesmen," Schneiderman said in July. "A lawsuit by my office alleges that Donald Trump was basically doing the same thing with Trump University."
Trump, who during the presidential campaign had vowed not to settle and denied the allegations, will avoid a scheduled court appearance in the coming weeks with the settlement. "
http://thehill.com/homenews/administration/306720-report-trump-to-settle-trump-university-lawsuits