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ABC News Settles Defamation Lawsuit with Trump for $15 Million

ABC News has agreed to pay $15 million to settle a defamation lawsuit filed by former President Donald Trump, following controversial statements made by anchor George Stephanopoulos. The lawsuit stemmed from Stephanopoulos’ March 10 broadcast on his program This Week, in which he inaccurately claimed that Trump had been found civilly liable for raping writer E. Jean Carroll.

As part of the settlement, ABC News issued a public apology and posted an editor’s note expressing regret for Stephanopoulos’ statements. The network also agreed to pay $1 million in legal fees to Trump’s attorney, Alejandro Brito. The $15 million will be directed to Trump’s presidential library fund, intended for a nonprofit associated with the library’s future construction.

In a statement, ABC News spokesperson Jeannie Kedas expressed satisfaction with the resolution. “We are pleased that the parties have reached an agreement to dismiss the lawsuit on the terms in the court filing,” she said. A spokesperson for Trump declined to comment.

The settlement was reached just days before Trump and Stephanopoulos were scheduled to provide separate depositions in the case. With the agreement now in place, these depositions will no longer be necessary. According to the terms, ABC must transfer the $15 million to an escrow account within 10 days, along with the legal fees.

The $15 million payment is part of a broader effort by ABC News to resolve the defamation claim, though the sum represents a small fraction of the costs associated with the construction of Trump’s library, which is projected to be significantly more expensive. For context, the Obama Presidential Library’s estimated cost was $830 million.

Trump’s lawsuit against ABC and Stephanopoulos followed a March 10 segment in which Stephanopoulos erroneously stated that Trump had been “found liable for rape” and “defaming the victim of that rape.” In fact, none of the civil verdicts in Carroll’s lawsuits involved a finding of rape, according to New York law.

Carroll, a former advice columnist, publicly accused Trump of raping her in the mid-1990s. In 2023, Trump was found liable for sexual abuse and defamation, with a jury ordering him to pay Carroll $5 million. In a second trial, he was ordered to pay an additional $83.3 million for defamation. Trump is appealing both verdicts.

The defamation lawsuit focused on the incorrect claims made by Stephanopoulos about the legal outcomes. ABC’s agreement to settle reflects the network’s commitment to correcting the error, though legal experts note the case highlights the importance of accuracy when reporting on sensitive legal matters.

Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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