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Wed Jun 1, 2016, 12:17 PM

 

The Art of the Swindle

http://www.theatlantic.com/politics/archive/2016/06/trump-university/485060/

Predators, by and large, do not attack the strongest prey in the wild. They instead target the vulnerable, the very young, and the very old—the prey that is least able to defend itself. Trump University, the defunct real-estate education program created by presumptive Republican nominee Donald Trump, pursued a similar approach, according to its former employees in legal documents unsealed Tuesday.

“Based upon my personal experience and employment, I believe that Trump University was a fraudulent scheme, and that it preyed upon the elderly and uneducated to separate them from their money,” said Ronald Schnackenberg, a sales manager at Trump University in 2006 and 2007. Those declarations and other internal Trump University documents depict an aggressive, ethically dubious business model that targeted potential customers’ financial fears and socioeconomic anxieties and offered Trump’s personal brand as the solution—a strategy later echoed in his presidential campaign.

In his declaration, Schnackenberg recounted meeting a couple after a live event in New York City in 2007. Apparently swayed by the presentation, they expressed an interest in purchasing a $35,000 Trump Gold Elite program, the most expensive tier available. “I did not think it was an appropriate program for them because of their precarious financial condition—they had no money to pay for the program, but would have had to pay for the program using disability income and taking out a loan based upon equity in his apartment,” he testified. “Trump University reprimanded me for not trying harder to sell the program to this couple.” A different salesperson closed the deal with them. “I was disgusted by this conduct and decided to resign,” Schnackenberg said.

Schnackenberg made the declaration in September 2012—about three years before Donald Trump announced his presidential bid—as part of a class-action lawsuit against the businessman by former Trump University customers. The declaration and other trial documents remained under seal until Tuesday after federal judge Gonzalo Curiel—a newfound target of Trump’s stump-speech anger—ordered many of them to be made public Friday in response to a public-interest motion by the Washington Post.

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AntiBank Jun 2016 OP
snagglepuss Jun 2016 #1
Bucky Jun 2016 #2
TeamPooka Jun 2016 #3
MichiganVote Jun 2016 #4

Response to AntiBank (Original post)

Wed Jun 1, 2016, 12:53 PM

1. to read later

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Response to AntiBank (Original post)

Wed Jun 1, 2016, 01:15 PM

2. He really is their version of John Edwards

total con artist

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Response to AntiBank (Original post)

Wed Jun 1, 2016, 01:39 PM

3. K & R nt

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Response to AntiBank (Original post)

Wed Jun 1, 2016, 08:08 PM

4. I am so sick of this man and his blatant lies. He makes G.bush look like a choir boy. Jesus America.

 

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