Trump to pay $25 million to settle Trump University fraud case

President-elect Trump has agreed to a $25 million settlement in the case over his now-defunct for-profit online college.

“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,” New York State Attorney General Eric Schneiderman said in a Friday statement. “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.”