Donald Trump Agrees to Pay $25 Million in Trump University Settlement

[stinkcat_14]

True, but for tax purposes…

The real issue is how the profits are distributed. I would argue that if there are profits, it tends to be the faculty and upper administration who shares those profits in the form of higher salaries. I once worked for a school that had an endowment in the billions. Faculty salaries were quite nice, administrative salaries were even higher. Staff salaries were decent but not that great. Mainly because the school competed in national markets for faculty and administrators but not staff.

 

[ProVobis]

IMO, his lawyers think he’ll be found guilty so urged him to settle.

Can a man guilty of fraud still be president, or is that grounds for impeachment?

.

Republicans won’t impeach him. The Democrats can make life difficult for him like Rep Issa and Trump did with Obama. Now the tables have been turned so the country and foreigners know what they’re dealing with. A fraud is a serious charge, especially for a President, and he knows it.

 

[7_Sorrows]

So you would never sue anyone ever, no matter what was done to you?

I went to college for 4 years. It was my responsibility to attend classes, do the work required, and learn what was being taught. There are many people who sign up for schools who have unrealistic goals, poor study habits and are not disciplined. They don’t take responsibility for their education. There were other students who attended
Trump University classes and had no complaints. Trump probably had a good case and would have won at trial. Much of this was probably political to begin with.
There are some people who will sue over anything.

 

[SuperLuigi]

For profit colleges also aggressively advertise to minority lower-income individuals promising “quick loans,”.

The commercials often feature young minority people, pregnant women, and even men dressed in a hip-hop attire. It’s shameful and so transparent.

One commercial for the illustrious “Everett College” features the moniker “get the skills that pay the bills”.

At the end of they day, folks need to do their research before committing to a college and a degree program.

I agree with 7 Sorrows that this would not have been a slum-dunk win for the plaintiffs. Settling in court means that both sides have good lawyers as we say in the legal profession.

 

[SuperLuigi]

I went to college for 4 years. It was my responsibility to attend classes, do the work required, and learn what was being taught. There are many people who sign up for schools who have unrealistic goals, poor study habits and are not disciplined. They don’t take responsibility for their education. There were other students who attended
Trump University classes and had no complaints. Trump probably had a good case and would have won at trial. Much of this was probably political to begin with.
There are some people who will sue over anything.

The fact that the sitting New York AG was involved automatically warrants suspicion. I believe Trump had indicated he had feedback from at least some of those folks and it was nominally good. If true, that would be tough to stand up in court.

As far as the AG reasoning, that’s the same line of nonsense that college campuses use (they think they are being clever, I guess) to shut down conservative speakers.

 

[SuperLuigi]

IMO, his lawyers think he’ll be found guilty so urged him to settle.

Can a man guilty of fraud still be president, or is that grounds for impeachment?

.

Trump impeached? That means Mike Pence becomes president!

Maybe then we can get Ben Shapiro on the Supreme Court.

As I remarked earlier, settling is normally good legal advice, but Trump tweeted he wanted to focus on running the country, not on this now seemingly trivial case.

 

[ProVobis]

I went to college for 4 years. It was my responsibility to attend classes, do the work required, and learn what was being taught. There are many people who sign up for schools who have unrealistic goals, poor study habits and are not disciplined. They don’t take responsibility for their education. There were other students who attended
Trump University classes and had no complaints. Trump probably had a good case and would have won at trial. Much of this was probably political to begin with.
There are some people who will sue over anything.

You may want to read up on the cases involved.

en.wikipedia.org/wiki/Trump_University

(has almost 100 sources)

 

[Monte_RCMS]

True, but for tax purposes…

No … they, in fact, make a profit … their revenues exceed their expenses … that is the definition of profit.

If they fail to make a profit, they have a loss.

If they have a loss for a long enough time, they close their doors.

Nothing to do with taxes.

If you sell something for more than you paid, you have a profit.

It may or may not be taxable.

Tax is a totally separate issue. [You have to fill out a form. Several of them. And then sign under penalty of perjury.]

 

[ProVobis]

No … they, in fact, make a profit … their revenues exceed their expenses … that is the definition of profit.

If they fail to make a profit, they have a loss.

If they have a loss for a long enough time, they close their doors.

Nothing to do with taxes.

If you sell something for more than you paid, you have a profit.

It may or may not be taxable.

Tax is a totally separate issue. [You have to fill out a form. Several of them. And then sign under penalty of perjury.]

Where are you going with this argument?

Does the profit motive mitigate the fraud involved?

His own employees produced the documents that exposed the guilt.

 

[ringil]

At the end of they day, folks need to do their research before committing to a college and a degree program.

Less than desirable degree programs that rely on predatory means for profit have no business being. . . in business.

Simply saying “buyer beware” doesn’t erase the ethical responsibilities for doing business. The Pope has spoke about this.

 

[7_Sorrows]

So how much will each complainant get of this $25 million?

 

[stinkcat_14]

Less than desirable degree programs that rely on predatory means for profit have no business being. . . in business.

Simply saying “buyer beware” doesn’t erase the ethical responsibilities for doing business. The Pope has spoke about this.

Of course, not all for profit schools are predatory and not all nonprofit schools are nonpredatory.

 

[ProVobis]

And the case doesn’t seem trivial at all. Don’t people go to prison for fraud?

Penalties for fraud offenses may include criminal penalties, civil penalties, or both. Most criminal fraud offenses are considered felony crimes and are punishable by jail, fines, probation, or all of the above.

criminal.findlaw.com/criminal-charges/fraud.html

 

[Jeanne_S]

Republicans won’t impeach him. The Democrats can make life difficult for him like Rep Issa and Trump did with Obama. Now the tables have been turned so the country and foreigners know what they’re dealing with. A fraud is a serious charge, especially for a President, and he knows it.

Yet fifty percent t of this country were willing to overlook all of HC illegal issues,so why all the outrage over this?

 

[exnihilo]

I am VERY morally opposed to for-profit higher education. I wish they would shut down all of these institutions.

Non profit is a meaningless term these days. The top executives at non profits make just as much money as someone at a for profit. All non profit really means is there are not owners receiving money for their investment. But someone is getting the money.

Well, the government (state and big city governments) *do *run a number of very well regarded institutions of higher learning.

I can’t think of a single for-profit college that is reputed to be as good as, say, Penn State, or SUNY in New York, or UCLA, or Berkeley.

So, in this case, it does seem that government does a better job than the private sector.

Government took over education. Prior to the take over most well regarded education institutes were private. The regard universities have is from their fellow cartel members. I went to a very well regarded government university. It’s official documents express doubts of the existence of sex, something plain to anyone, and with the recent election has no doubt caused the well regarded students to freak out and need consoling like a child. The university had fake classes for its well regarded sports teams.

The state can’t do as well as the private sector. That is a well established reality. Once it enters a market it corrupts it. That government universities are well regarded isn’t necessarily surprising since it can waste enormous sums of stolen tax money on making a great institution. But it is a horribly inefficient and suboptimal system.

 

[Mary_Gail_36]

criminal.findlaw.com/criminal-charges/fraud.html

Adding to your post:

ag.ny.gov/press-release/statement-ag-schneiderman-25-million-settlement-agreement-reached-trump-university

*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*. 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.

On a side note, he tweeted this:

Donald J. Trump ‏@realDonaldTrump Nov 19 I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country.

                                                                                         0 replies                                 15,344 retweets                                 81,643 likes

Small fraction of the potential award. So he’s admitting he would have been found liable?

 

[ProVobis]

On a side note, he tweeted this:

Small fraction of the potential award. So he’s admitting he would have been found liable?

Interesting choice of words. I wonder how much higher he was willing to go in order for the country to forget about his crime.

It’s interesting also that the very government that is supposed to protect us from fraud, now has at its head one who has been blatantly charged with it. More than that actually.

 

[vz71]

IMO, his lawyers think he’ll be found guilty so urged him to settle.

Can a man guilty of fraud still be president, or is that grounds for impeachment?

.

The Current president was a known drug offender.
Yet he never had trouble from the law.
Likewise Clinton “never inhaled” and he never had problems from it.

I doubt Trump has anything to worry with.

 

[ringil]

The Current president was a known drug offender.

“drug offender”? What do you mean?

 

[7_Sorrows]

Yet fifty percent t of this country were willing to overlook all of HC illegal issues,so why all the outrage over this?

exactly! what is wrong with this picture!?

double standard?