Following Trump University Settlement, Rep. Tim Ryan Criticizes Trump for Defrauding Thousands of Americans
Washington, DC -- U.S. Representative Tim Ryan (D-Niles) released the following statement following today’s announcement that President elect Donald Trump will pay $25 million to the victims of his fraudulent Trump University:
Today’s announcement confirms what we already knew: Donald Trump made millions of dollars conning thousands of veterans, single mothers, and low income families through his fake university. These were hardworking students who wanted nothing more than to improve their lives and the lives of their loved ones. But Trump proved once again that he simply can’t be trusted to put Americans’ best interests before his own.
In order to ensure that all Americans have the opportunity to succeed, Congress must fight to protect consumers so they can’t be preyed on by greedy individuals and corporations. We must fight for legislation that makes college more affordable so men and women around the country aren’t stifled by debt and can pursue their dreams.”
Trump has been the focus of two federal class-action suits for defrauding more than 5,000 students out of more than $40 million through Trump University. Trump University used high-pressure sales tactics and deceptive claims about what would be learned to convince students to enroll and agree to up to $35,000 in tuition. But while Trump profited, working Americans were left with staggering debt and no education or credits.