WASHINGTON (Circa) - A U.S. District Court Judge has finalized the $25 million Trump University settlement, according to New York State Attorney General Eric Schneiderman.
In a statement, Schneiderman said U.S. District Judge Gonzalo Curiel finalized the settlement. President Donald Trump will now have to pay that money to former students of the university who claimed they were falsely promised educational teachings in business and real-estate.
"The victims of Donald Trump’s fraudulent university will finally receive the relief they deserve," Schneiderman said. "My office won't hesitate to hold those who commit fraud accountable, no matter how rich or powerful they may be.
"The president announced shortly after the 2016 presidential election that he planned to settle in the dispute to "focus on our country" rather than go to trial. The settlement was approved by the judge about a year ago but was finalized Tuesday.
I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country.— Donald J. Trump (@realDonaldTrump) November 19, 2016
Trump University stopped operating in 2010 and was not an accredited university.