Trump Pays Out $25M “University” Fraud Settlement

But it’s still not completely over:

Days before President-elect Donald Trump is set to take the oath to uphold the Constitution, he has followed through on a more painful obligation: coughing up $25 million to settle litigation over his defunct Trump University real estate seminar program.

Trump University — now known as the Trump Entrepreneur Initiative — transferred the funds Tuesday night, according to two sources involved. The $25 million will be put into escrow until a judge makes a decision on whether to approve the settlement. A hearing on the deal is set for March 31.

A Trump attorney did not immediately respond to a call seeking comment Wednesday. When the proposed deal was announced two months ago, Trump took to Twitter to explain his rationale for seeking to close out the suits.

“I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country,” Trump, wrote then. “The ONLY bad thing about winning the Presidency is that I did not have the time to go through a long but winning trial on Trump U. Too bad!”