Okay, maybe he wasn’t fined but a penalty but it just so happens that Trump was a naughty con artist.
Lawsuits in federal court
Low v. Trump University, LLC
Settlement
On November 18, 2016 it was reported that Trump agreed to pay $25 million to settle the two class-action lawsuits and the New York suit. The settlement was reached ten days before the San Diego class action was scheduled to go to trial. Of the $25 million, $21 million will go to the participants in the class-action suits, $3 million will go to New Yorkers not covered by the class-action suits, and a penalty of up to $1 million will be assessed by the state of New York for running an unlicensed university
*sigh* Yeah, it matters what Trump promised students who paid Trump University in good faith only to be scammed.