New York Attorney General sues Trump, 'Trump University,' claims fraud

[mota bhai 2,675]

ALBANY, N.Y. (AP) — New York's attorney general sued Donald Trump for $40 million Saturday, saying the real estate mogul helped run a phony "Trump University" that promised to make students rich but instead steered them into expensive and mostly useless seminars, and even failed to deliver promised apprenticeships.

Trump shot back that the Democrat's lawsuit is false and politically motivated.

Attorney General Eric Schneiderman says many of the 5,000 students who paid up to $35,000 thought they would at least meet Trump but instead all they got was their picture taken in front of a life-size picture of "The Apprentice" TV star.

"Trump University engaged in deception at every stage of consumers' advancement through costly programs and caused real financial harm," Schneiderman said. "Trump University, with Donald Trump's knowledge and participation, relied on Trump's name recognition and celebrity status to take advantage of consumers who believed in the Trump brand."

But Trump's attorney accused Schneiderman of trying to extort campaign contributions from the real estate mogul through his investigation of Trump. Attorney Michael D. Cohen told The Associated Press on Saturday that Schneiderman's lawsuit was filled with falsehoods. Cohen said Trump and his university never defrauded anyone.

...

"Donald Trump will not sit back and be extorted by anyone, including the attorney general," Cohen said.

...

State Education Department officials had told Trump to change the name of his enterprise years ago, saying it lacked a license and didn't meet the legal definitions of a university. In 2011 it was renamed the Trump Entrepreneur Institute, but it has been dogged since by complaints from consumers and a few isolated civil lawsuits claiming it didn't fulfill its advertised claims.

Schneiderman's lawsuit covers complaints dating to 2005 through 2011. Students paid between $1,495 and $35,000 to learn from the Manhattan mogul who wrote the best seller, "Art of the Deal" a decade ago followed by "How to Get Rich" and "Think Like a Billionaire."

Scheiderman said the three-day seminars didn't, as promised, teach consumers everything they needed to know about real estate. The Trump University manual tells instructors not to let consumers "think three days will be enough to make them successful," Schneiderman said.

At the seminars, consumers were told about "Trump Elite" mentorships that cost $10,000 to $35,000. Students were promised individual instruction until they made their first deal. Schneiderman said participants were urged to extend the limit on their credit cards for real estate deals, but then used the credit to pay for the Trump Elite programs. The attorney general said the program also failed to promptly cancel memberships as promised.

http://www.usatoday.com/story/money/business/2013/08/24/trump-university-fraud-ny/2696367/

[Jacque67 7,328]

Trump is bankrupt. I am surprised that people fall for his bs.

[mota bhai 2,675]

Trump is bankrupt. I am surprised that people fall for his bs.

Trump is a patriot.

[Jacque67 7,328]

Trump is a patriot.

He is a penniless scheister.

[decocker 7,198]

He is a penniless scheister.

now that's racist.

[Jacque67 7,328]

now that's racist.

Why?

[mota bhai 2,675]

Why?

Google the origins and history of the Yiddish word you used.

Edited August 26, 2013 by amriki bhai

[Jacque67 7,328]

Google the origins and history of the Yiddish word you used.

Umm, both Donald and the AG are Jewish, plus NY Jews use that kind of language all the time. Get educated, bro

Umm, both Donald and the AG are Jewish, plus NY Jews use that kind of language all the time. Get educated, bro

Bloomberg is also Jewish and uses such terms regularly.

I despair of the American education system.

Edited August 26, 2013 by Jacque67

[decocker 7,198]

"SHOW ME THE MONEY"

[Mr. Big Dog 10,747]

Baffles me that anyone would even consider spending so much as a penny let alone tens of thousands of dollars at a "Trump University" or "Trump Institute".

[Jacque67 7,328]

Note, it is Yiddish word.

[decocker 7,198]

yiddish are rarely patriots.

Edited August 26, 2013 by val erie

[mota bhai 2,675]

yiddish are rarely patriots.

??

[decocker 7,198]

??

yiddish is also a jewish island off the coast of maine.