Trump pays $25M to settle fraud cases

US President-elect Donald Trump on Friday agreed to pay $25 million to settle lawsuits accusing his now-defunct Trump University of fraud, sparing him the embarrassment of further legal wrangling as he prepares to enter the White House. A trio of suits brought by former students alleged that the training program—which was not an accredited college or university, but was in operation from 2005 to 2011—fleeced students by tricking them with aggressive marketing. Students paid as much as $35,000 to enroll, wrongly believing they would make it big in real estate after being taught by the Manhattan mogul’s hand-picked experts, said the suits brought in New York and California. —