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“Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals​ and refusing to settle for even modest amounts of compensation for

• deleted 10y ago
  [deleted]
• spuiszis 10y ago
  It probably won't even end up costing them the headline amount. Much of the settlement will likely be tax deductible similar to other government deals [1][2]. [1] http://www.forbes.com/sites/robertwood/2016/01/19/goldman-sachs-historic-5-billion-settlement-has-silver-lining-tax-deduction/#45d41fac37be http://www.forbes.com/sites/robertwood/2016/01/19/goldman-sa... [2] http://www.newsweek.com/2014/11/07/giant-penalties-are-giant-tax-write-offs-wall-street-279993.html http://www.newsweek.com/2014/11/07/giant-penalties-are-giant...
• joshmn 10y ago
  Everything seems like a win to Donald Trump. Great (?) watch http://www.pbs.org/wgbh/frontline/film/the-choice-2016/ http://www.pbs.org/wgbh/frontline/film/the-choice-2016/
• bathory 10y ago
  "Trump, 70, was accused of conning thousands of students, [...], into paying as much as $35,000 [...]" Any idea how much money a student on average lost? If that number is close to the 35k, receiving a little less than 5k is an utter travesty.
• chrsstrm 10y ago
  You forgot to take the attorney's fees off the top first. Even at the low end of the scale ~30%, that brings the individual payouts to less than $3K.
  • icebraining 10y ago
    "Lawyers for the students agreed to forgo legal fees as part of the settlement."
    • chrsstrm 10y ago
      You're right. That detail was left out of another article I read about the case, which must have been what I used as my source. It seems strange that attorneys would waive fees in a suit against a billionaire that has dragged out for nearly 4 years now. That's a lot of goodwill.