Two days before the inauguration Trump University delivers its $25 million fraud settlement to former students.
The Trump Entrepreneur Initiative – originally known as Trump University – delivered the payment on Wednesday – plaintiffs’ lawyers told CNNMoney.
The settlement was reached in November shortly after the election.
It kept the president-elect from having to testify in a trial.
Trump started Trump University – a for-profit series of seminars that told students they could get rich off real estate with the right investing techniques in 2005.
It was hit with fraud suits starting in 2010 and closed in 2011.
Students said they were promised access to private financing options that never materialized and concluded the program was effectively a bait-and-switch.
Though initial seminars were free – attendees alleged that teachers only used them to get students to shell out for paid sessions.
Trump University also advertised that Trump himself picked the instructors – but former students claimed that wasn’t true.