Monday, August 26, 2013

TRUMP TRUMPED BY NEW YORK AG SCHNEIDERMAN?

www.CharlesJeromeWare.com (We fight.  You win.)
www.usatoday.com/story/money/business/08-24-2013/Trump-University-Fraud-NY.

New York's Attorney General's Office has filed a $40 million civil lawsuit on Saturday against billionaire real estate mogul Donald Trump of running a phony "Trump University" and defrauding more than 5,000 people with promises that they would get rich in real estate using his "hand-picked" teachers.

New York 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."

Trump, himself, shot back at Schneiderman that the lawsuit is false and politically motivated.

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