| Bladewire |
11-18-2016 11:54 AM |
Looks like President-elect might settle his fraud suit today
If Trump settles the fraud suit today that opens the door for his RICO trial to be scheduled :thumvsup
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A settlement may be near to resolve three fraud lawsuits filed against President-elect Donald Trump and his now-defunct Trump University real estate seminar business.
Several news organizations were reporting Friday that a settlement of $20 million to $25 million was in the works. It would settle two fraud lawsuits filed in San Diego and a third suit brought by the New York state attorney general.
All allege largely the same thing ? that Trump defrauded customers into thinking they would learn real estate secrets from professors selected by the businessman, but learned little and instead were mostly subject to hard sell sales tactics urging them to spend thousands on classes.
The reports in the New York Daily News, Wall Street Journal, Washington Post and others said Trump would not acknowledge wrongdoing as part of the settlement.
News of an impending deal came just hours before a 1:45 p.m. hearing Friday in federal court in San Diego, where Trump?s lawyers were to argue for a delay in the Nov. 28 start of one of the trials. The news reports, citing unnamed sources, said the delay is needed as Trump works on the transition to his new administration.
Friday?s hearing is still on the calendar for Judge Gonzalo Curiel, who is presiding over the two class-action lawsuits. Last week, Curiel suggested both sides meet with U.S. District Judge Jeffrey Miller to see if a last-minute settlement could be worked out.
Both sides said they were willing to try to reach a settlement.
http://www.wsj.com/articles/donald-trump-is-in-advanced-talks-to-settle-trump-university-fraud-allegations-1479488654
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