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Author: Subject: Trump Settles $25 Million Fraud Case

Peach Extraordinaire





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  posted on 11/22/2016 at 10:29 AM
Haven't heard a peep around here regarding the President-Elect's settling $25 Million for his fraudulent University scam, a sum that still leave his company with a nice profit. Trump says he settled, even though he previously vowed to never settle, because he didn't want it to be a distraction (i.e., testify in court). But people still think a man who saw the public as "marks" in a con will bring them their jobs back because he's an outsider. Hey, that's just good business, right?

http://www.usatoday.com/story/news/2016/11/18/reports-trump-nears-settlemen t-trump-u-fraud-case/94068946/

Trump settles fraud case against Trump University for $25M
Doug Stanglin , USA TODAY 9:42 p.m. EST November 18, 2016

In what New York's attorney general called a "stunning reversal," president-elect Donald Trump agreed Friday to settle fraud cases involving Trump University for $25 million.

The cases involved a lawsuit by New York state and two class actions suits in California against the university, which promised to reveal Trump's real estate investing "secrets" to people who enrolled in the courses.

New York Attorney General Eric Schneiderman, who filed suit against Trump two years ago for what he called "his phony university," said the president-elect agreed to settle the lawsuits for $25 million and pay an additional $1 million in penalties to the state of New York for violating state education laws. The deal does not require Trump to acknowledge wrongdoing.

"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," Schneiderman said in a statement.

Trump's defense team said the decision was made to settle so that years of potential litigation could be avoided.

“This would have gone on for a long, long time and would have been a very significant distraction,” said Daniel M. Petrocelli, the lead attorney who represented Trump in the case.

Trump had publicly vowed not to settle the lawsuits and suggested at one point during his presidential campaign that he might reopen the school, which closed in 2010. He told supporters at a May rally that he would come to San Diego to testify after winning the presidency.

“I could have settled this case numerous times, but I don’t want to settle cases when we’re right. I don’t believe in it. And when you start settling cases, you know what happens? Everybody sues you because you get known as a settler. One thing about me, I am not known as a settler,” Trump said at the time.

However, an exclusive analysis by USA TODAY of more than 4,000 lawsuits involving Trump and his companies over the years shows that just isn't true.

USA TODAY tracked down the records in thousands of Trump's court battles dating back to the 1980s, in courts coast to coast, and found that the business mogul settled lawsuits at least 259 times. Almost 200 of those were cases where he and his companies were defendants, although the terms of the settlement agreements often are kept out of court records and plaintiffs are required to sign agreements pledging not to disclose details. In hundreds more cases, court records indicate legal disputes were resolved outside court with the details shielded from public view.

Also, the USA TODAY database of court records shows today's settlement is unique in its size. While there may be larger settlements in Trump's lawsuits that are shielded by non-disclosure agreements or sealed records -- notably his divorce from Ivana Trump, which remains under seal despite attempts by the media to obtain the records during the presidential campaign -- the $25 million payout is by far the largest Trump's empire has paid out to someone.

Friday's settlement comes only days before trial was set to begin in California in one of the class action lawsuits. Trump's lawyers had sought a delay in the run-up to his inauguration, but the judge ruled that the trial go ahead as scheduled and that Trump would be required to testify, although likely by videotape.

Last week, at a pretrial hearing in San Diego, Trump's lawyers said they were open to settlement. U.S. District Court Judge Gonzalo Curiel, who is hearing the case in California, brought up the possibility in court of another federal judge, Jeffrey Miller, assisting the parties in trying to find a way to settle the case before trial.

"I can tell you right now I'm all ears," Trump lawyer Daniel Petrocelli told Curiel.

The New York attorney general's fraud lawsuit described the "university" as nothing but a scam designed to fleece would-be real estate developers. The scheme, he charged, lured students with false promises into paying up to $35,000 to learn Trump's real estate investing "secrets" from his "hand-picked" instructors.

"More than 5,000 people across the country who paid Donald Trump $40 million to teach them his hard-sell tactics got a hard lesson in bait-and-switch," Schneiderman said in a statement at the time. "Mr. Trump used his celebrity status and personally appeared in commercials making false promises to convince people to spend tens of thousands of dollars they couldn't afford for lessons they never got.”

Schneiderman alleged the teachers were not personally selected by Trump, despite claims in the university's ads, and that the students did not ever meet the real estate mogul. The state earlier forced Trump University to quit referring to itself as a university because it was not licensed as such in New York.

The political impact of the settlement is unclear, as are its legal implications to future Trump lawsuits.

"Settling these cases will surely help the President-elect as a political matter," Chris Peterson, a law professor at the University of Utah who spent the year studying the Trump University cases. He had opined that a civil court finding that Trump and his companies were financially liable for defrauding thousands of Trump University students could technically open the door to Congress pursuing impeachment proceedings against Trump.

"That being said, the settlement will likely help the country turn the page on the sordid details of President-elect Trump's alleged fraud and avoid the embarrassment of his testimony and potential loss at trial," Peterson said.

Trump, who dismissed Schneiderman as a "lightweight," vigorously denied the fraud charges and claimed 98% of the people who signed up for the courses expressed satisfaction with them.

In 2013 tweet, Trump ridiculed the move by the New York attorney general, saying: "Why did failing A.G. Eric Schneiderman, after years of looking, file his pathetic lawsuit on a SATURDAY afternoon (unheard of)? No Case!"



[Edited on 11/22/2016 by porkchopbob]

 

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Ultimate Peach



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  posted on 11/22/2016 at 11:31 AM

He also said that there will be no criminal prosecution of the crooked one, so he is doing the right thing to settle the distractions .

 

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Peach Extraordinaire



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  posted on 11/22/2016 at 11:51 AM
quote:
He also said that there will be no criminal prosecution of the crooked one, so he is doing the right thing to settle the distractions .




Bringing up past candidate, who has already been investigated, is distracting from the issue at hand. We are talking about the President-elect, don't you remember "get over it"?

 

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Peach Extraordinaire



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  posted on 11/22/2016 at 05:39 PM
Since he settled Trump U, will second semester classes be available after the first of the year? He could do the inauguration and a ribbon cutting for reopening of Trump U back to back.

Any of Trump's fans on this site plan on enrolling to get Trump's secrets to make a bundle of money?

 

Zen Peach



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  posted on 11/22/2016 at 05:58 PM
quote:

He also said that there will be no criminal prosecution of the crooked one, so he is doing the right thing to settle the distractions .




It's not his call. If the DOJ wishes to pursue the matter, they will.

 

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World Class Peach



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  posted on 11/22/2016 at 06:02 PM
quote:
quote:

He also said that there will be no criminal prosecution of the crooked one, so he is doing the right thing to settle the distractions .




It's not his call. If the DOJ wishes to pursue the matter, they will.


good point

the more i think about it very good point. AG Jeff Sessions has said she belongs in jail. I'm sure he will review the case and make a decision. If he decides not to prosecute i guess it means she really didn't commit a provable crime or Sessions is in on the conspiracy to protect her?

I mean it is his duty as Attorney General to investigate it and give a new eye to it.

[Edited on 11/22/2016 by LeglizHemp]

[Edited on 11/22/2016 by LeglizHemp]

 

____________________
Flies all green 'n buzzin' in his dungeon of despair
Who are all those people that he's locked away up there
Are they crazy?,
Are they sainted?
Are they zeros someone painted?,
It has never been explained since at first it was created

 

True Peach



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  posted on 11/22/2016 at 06:22 PM
trump settles a lawsuit he said "ill never settle for one dime". He has 70 more lawsuits pending.
 

True Peach



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  posted on 11/22/2016 at 06:35 PM
Actually, 75 http://www.usatoday.com/story/news/politics/elections/2016/10/25/pending-la wsuits-donald-trump-presidency/92666382/
 

Peach Extraordinaire



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  posted on 11/22/2016 at 06:42 PM
quote:
trump settles a lawsuit he said "ill never settle for one dime". He has 70 more lawsuits pending.


Wonder how many that he said he won't settle will be settled...all in the facade of moving forward for what's in the best interest of the country. Trump operates exclusively in what's best for Trump.

 

Universal Peach



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  posted on 11/22/2016 at 08:26 PM
quote:
quote:
trump settles a lawsuit he said "ill never settle for one dime". He has 70 more lawsuits pending.


Wonder how many that he said he won't settle will be settled...all in the facade of moving forward for what's in the best interest of the country. Trump operates exclusively in what's best for Trump.

_________________________________________________________________________

Donald Trump is smart enough to follow his attorneys advice.

 

Universal Peach



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  posted on 11/22/2016 at 08:32 PM
The difference being that Donald Trump is our President Elect, soon to become President and Hillary Clinton will never be President.

CLINTON UNIVERSITY: A Scandal The Media Won't Touch - Home - The Daily Bail

Throughout ten Democratic debates, the establishment Media have not asked Hillary a single question about the Clinton Foundation for-profit education scam.

Hillary University: How Bill Clinton Bagged $16 Million From For-Profit College As State Dept. Funneled $55 Million Back

With her campaign sinking in the polls, Hillary Clinton has launched a desperate attack against Trump University to deflect attention away from her deep involvement with a controversial for-profit college that made the Clintons millions, even as the school faced serious legal scrutiny and criminal investigations.

In April 2015, Bill Clinton was forced to abruptly resign from his lucrative perch as honorary chancellor of Laureate Education, a for-profit college company. The reason for Clinton’s immediate departure: Clinton Cash revealed, and Bloomberg confirmed, that Laureate funneled Bill Clinton $16.46 million over five years while Hillary Clinton’s State Dept. pumped at least $55 million to a group run by Laureate’s founder and chairman, Douglas Becker, a man with strong ties to the Clinton Global Initiative. Laureate has donated between $1 million and $5 million (donations are reported in ranges, not exact amounts) to the Clinton Foundation. Progressive billionaire George Soros is also a Laureate financial backer.

As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.

“I meet people all the time who transfer here when they flunk out elsewhere,” agronomy student Arturo Bisono, 25, told the Post. “This has become the place you go when no one else will accept you.”

Others, like Rio state legislator Robson Leite who led a probe into Bill Clinton’s embattled for-profit education scheme, say the company is all about extracting cash, not educating students. “They have turned education into a commodity that focuses more on profit than knowledge,” said Leite.

Progressives have long excoriated for-profit education companies for placing profits over quality pedagogy. Still, for five years, Bill Clinton allowed his face and name to be plastered all over Laureate’s marketing materials. As Clinton Cash reported, pictures of Bill Clinton even lined the walkways at campuses like Laureate’s Bilgi University in Istanbul, Turkey. That Laureate has campuses in Turkey is odd, given that for-profit colleges are illegal there, as well as in Mexico and Chile where Laureate also operates.

Shortly after Bill Clinton’s lucrative 2010 Laureate appointment, Hillary Clinton’s State Dept. began pumping millions of its USAID dollars to a sister nonprofit, International Youth Foundation (IYF), which is run by Laureate’s founder and chairman, Douglas Becker. Indeed, State Dept. funding skyrocketed once Bill Clinton got on the Laureate payroll, according to Bloomberg:

A Bloomberg examination of IYF’s public filings show that in 2009, the year before Bill Clinton joined Laureate, the nonprofit received 11 grants worth $9 million from the State Department or the affiliated USAID. In 2010, the group received 14 grants worth $15.1 million. In 2011, 13 grants added up to $14.6 million. The following year, those numbers jumped: IYF received 21 grants worth $25.5 million, including a direct grant from the State Department.

Throughout ten Democratic Party debates, Establishment Media have not asked Hillary Clinton a single question about her and Bill's for-profit education scam.

http://dailybail.com/home/clinton-university-a-scandal-the-media-wont-touch .html



 

Peach Bud



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  posted on 11/23/2016 at 09:20 AM
Trump stealing even more money from people. Of course he settled the lawsuit. He bagged a cool $150,000,000.
 

Peach Extraordinaire



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  posted on 11/23/2016 at 09:40 AM
quote:
The difference being that Donald Trump is our President Elect, soon to become President and Hillary Clinton will never be President.



Why is it only Republicans care so much about the Clintons? We are talking about the President-elect, move on and get over the election already. It's over.

 

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Universal Peach



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  posted on 11/23/2016 at 09:48 AM
quote:
quote:
The difference being that Donald Trump is our President Elect, soon to become President and Hillary Clinton will never be President.



Why is it only Republicans care so much about the Clintons? We are talking about the President-elect, move on and get over the election already. It's over.

_______________________________________________________________________

Because the Clintons represent a corrupt, criminal enterprise and need to be investigated and prosecuted.

It is not "only Republicans" as demonstrated by the election.
There actually are some Democrats disgusted by the Clintons but they are drowned out by the far-left loons.

 

Peach Extraordinaire



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  posted on 11/23/2016 at 09:54 AM
quote:
Because the Clintons represent a corrupt, criminal enterprise and need to be investigated and prosecuted.

It is not "only Republicans" as demonstrated by the election.
There actually are some Democrats disgusted by the Clintons but they are drowned out by the far-left loons.



They hold no office, so it's not much of a comparison, I've only seen conservative pundits continue to bring them up. Politically the Clintons are just left of center. The "far-left" mostly dislikes the Clintons, but that doesn't fit into a nice meme for you.

 

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Universal Peach



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  posted on 11/23/2016 at 12:32 PM
quote:
quote:
Because the Clintons represent a corrupt, criminal enterprise and need to be investigated and prosecuted.

It is not "only Republicans" as demonstrated by the election.
There actually are some Democrats disgusted by the Clintons but they are drowned out by the far-left loons.



They hold no office, so it's not much of a comparison, I've only seen conservative pundits continue to bring them up. Politically the Clintons are just left of center. The "far-left" mostly dislikes the Clintons, but that doesn't fit into a nice meme for you.

_________________________________________________________________________

Whether the Clintons hold political office or not is irrelevant.
They are corrupt, criminals and need to be investigated and prosecuted. The Clintons are about to be introduced to RICO.

Just because the liberals bow before them doesn't give them an above the law status.

It is not politics. It is their crimes.


 

Peach Extraordinaire



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  posted on 11/23/2016 at 12:56 PM
quote:
Whether the Clintons hold political office or not is irrelevant.
They are corrupt, criminals and need to be investigated and prosecuted. The Clintons are about to be introduced to RICO.

Just because the liberals bow before them doesn't give them an above the law status.

It is not politics. It is their crimes.




You're a little obsessive, I think someone's got a cruusssshhh

I feel like a broken record, but yet again you've fallen for a false news report that HuffPost retracted since it was posted without vetting or citation. How many times will you take the bait without questioning it? You might be the most misinformed person ever. It's one thing to defend differing opinions, it's another to base your opinions on complete falsehoods that you wish were true.

http://www.snopes.com/clinton-federal-racketeering-charges/

 

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Universal Peach



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  posted on 11/23/2016 at 07:35 PM
quote:
quote:
Whether the Clintons hold political office or not is irrelevant.
They are corrupt, criminals and need to be investigated and prosecuted. The Clintons are about to be introduced to RICO.

Just because the liberals bow before them doesn't give them an above the law status.

It is not politics. It is their crimes.




You're a little obsessive, I think someone's got a cruusssshhh

I feel like a broken record, but yet again you've fallen for a false news report that HuffPost retracted since it was posted without vetting or citation. How many times will you take the bait without questioning it? You might be the most misinformed person ever. It's one thing to defend differing opinions, it's another to base your opinions on complete falsehoods that you wish were true.

http://www.snopes.com/clinton-federal-racketeering-charges/



________________________________________________________________________

You go to Snopes as a source of information?
Man you are so disconnected from reality.

If the left-wing loons (losers) want to have fun, just review the headlines on Snopes home page.

Get your meds changed son before they haul you off to an asylum not of your choosing.





 

Peach Extraordinaire



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  posted on 11/27/2016 at 09:57 AM
quote:
You go to Snopes as a source of information?
Man you are so disconnected from reality.

If the left-wing loons (losers) want to have fun, just review the headlines on Snopes home page.

Get your meds changed son before they haul you off to an asylum not of your choosing.



Dude, you have posted at least 4 blatantly and laughably false stories and doctored photos in the last week and can't admit it like a man. You are easily duped and fooled. You'd rather hurl insults like a child than deal in facts. Snopes is an apolitical fact-checking site, not a news site. Try reading past a headline or a meme once in a while. Do you have any cause to discredit snopes as a resource or are you just grumpy because you believed an obviously false report?

 

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Universal Peach



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  posted on 11/27/2016 at 10:56 AM
quote:
quote:
You go to Snopes as a source of information?
Man you are so disconnected from reality.

If the left-wing loons (losers) want to have fun, just review the headlines on Snopes home page.

Get your meds changed son before they haul you off to an asylum not of your choosing.



Dude, you have posted at least 4 blatantly and laughably false stories and doctored photos in the last week and can't admit it like a man. You are easily duped and fooled. You'd rather hurl insults like a child than deal in facts. Snopes is an apolitical fact-checking site, not a news site. Try reading past a headline or a meme once in a while. Do you have any cause to discredit snopes as a resource or are you just grumpy because you believed an obviously false report?


________________________________________________________________________

Your inability to understand the liberal bias of Snopes is yet another reason why Donald trump won the election.

But keep it up son. You and your types will keep losing and help Make America Great Again!

 
 


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