Notes:
Trump pulls out big check to escape trial for fraud
Students at Trump University felt cheated. The $ 25 million deal prevents the president-elect and businessman from trials, the first of which theoretically opened on 28 November.
A turnaround for the president-elect who had long dismissed the idea of an amicable agreement. Donald Trump will pay $ 25 million to former students of his defunct Trump University to stop the prosecution. According to New York City prosecutor Eric Schneiderman, who announced Friday the agreement in a statement, more than 6,000 former students of this training will be compensated.
| Read The University of Donald Trump and his false teaching fined
Donald Trump will also pay a $ 1 million fine to the state of New York for violating education legislation, said prosecutor Schneiderman. The transaction avoids the businessman trials, the first of which theoretically opened on 28 November.
$ 35,000 in tuition fees
Two collective actions were launched by former Trump University students who claimed they had been deceived by false marketing.
Although they had paid up to $ 35,000 in tuition fees, they insisted that they had not benefited from the services promised in the promotion documents for this program, which did not issue a recognized diploma and worked between 2005 and 2011.
In another judicial proceeding, initiated by the New York State Attorney in 2013, Eric Schneiderman had accused Trump University of "defrauding hard-working New Yorkers."
Trump wanted at all costs to avoid an agreement
For months, the New York promoter had said he was ready to go to court to establish his innocence. "Trump University has a satisfaction rate of 98%. I could have found a friendly agreement but I will not do it, on principle", had tweeted, in late February, the one who was then candidate for the Republican nomination .