Trump’s University Scam Finally Catches Up With Him [View all]
http://www.liberalamerica.org/2016/01/28/trumps-university-scam-finally-catches-up-with-him/
If you attended Trump University, odds are that you are not a big supporter of his presidential run. The now defunct Trump University was opened in 2005 with the promise to teach students real estate investing techniques. So through expensive courses, students could be just like him. Sounds like fun right?
According to Lab ProLib, in August of 2013, Attorney General Eric T. Schneiderman filed a lawsuit against Trump worth $40-million. They go on to report:
“The lawsuit seeks full restitution for the more than 5,000 consumers nationwide who were defrauded of over $40 million in the scheme, disgorgement of profits, as well as costs and penalties and injunctive relief prohibiting these types of illegal practices going forward.”
They also report that:
“Instead of providing all of the promised services, instructors used the three-day seminars to pitch consumers expensive Trump Elite mentorship programs costing $10,000 to $35,000. Trump University promised that the mentorships provided one-on-one training during which students would have personal assistance until they executed their first real estate deal and recouped the cost of the program.”
Adding insult to financial injury, the Trump University students were promised a visit with Trump himself. Instead, many just got a picture taken with a cardboard cutout of Trump.
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