What can I say for the schmucks that would fall for this guy...........
New York’s attorney general sued Donald Trump for $40-million Saturday, saying the real estate mogul helped run a phoney “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.”
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 bestseller, “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.
Donald Trump facing $40M fraud suit as N.Y. accuses tycoon of swindling students with phoney university | National Post
