Court Approves Trump University Settlement
Via CNN Money: Trump University $25 million settlement approved
Thousands of former Trump University students will get most of their money back, with a judge on Friday approving a $25 million settlement.
“The settlement is fair, adequate, and reasonable,” Judge Gonzalo Curiel said in his decision.
Nearly 4,000 former students submitted claims and those who are eligible could get back about 90% of their money.The settlement was agreed to last November, just 10 days after Donald Trump won the presidential election, but still needed court approval.
The sad question is: how many Trump supporters will see this an the vindictive actions of a Mexican-descended judge and not as a clear evidence of Trump’s unethical business practices?
Also, a pro tip, real universities don’t have “Gold Elite” status:
A “one-year apprenticeship” at Trump University cost $1,495, according to court documents, while a “membership” cost at least $10,000 and the “Gold Elite,” the seminar’s most expensive class, cost $35,000.
I think we can say with considerable assurance that the Trumpkins will claim that a vindictive Mexican judge is outrageously and unfairly punishing Trump because the judge is, of course, a racist bigot.
Can I get my money back from his presidency?
The Mexicans will pay for the settlement.
The last holdout of the lawsuit had a lawyer that made a good point:
Under the Rico Act, the students would have received 3 dollars for every dollar spent by them on the fraudulent university.
Settling for less than a 1 to 1 ratio on the settlement means that Trump pays back less than he took in, covers his lawyers and costs, and breaks even.
Hardly a penalty.
Additionally, Trump has a habit of saying that a settlement is not admitting fault or wrongdoing.
It’s clear:
He is a living saint, and we are blessed to share the same earth as he.
So now Trump has been legally declared a crook, con man & grifter. There’s a surprise!
Hear a great quote today from Norm Ornstein: “Trump is running the government like a business, but the business is Trump University.”