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New York state's attorney general said on Sunday he has filed a $40 million lawsuit against Donald Trump and his for-profit investment school, accusing them of engaging in illegal business practices.
New York Attorney General Eric Schneiderman alleged that the real estate mogul, a former executive and the Trump Entrepreneur Institute - called Trump University until 2010 - made false claims about classes at the school, including that Trump handpicked instructors.
The attorney general said from 2005 to 2011, the Trump school operated without an educational license while misleading consumers into paying for courses promising to teach Trump's real estate investment techniques.
More than 5,000 people nationally took the courses, paying $40 million, Schneiderman said.
The lawsuit is seeking restitution of at least $40 million, as well as a disgorgement of profits, penalties and an injunction, Schneiderman's office said.
A lawyer for Trump did not immediately respond to requests for comment. But after the lawsuit was first reported in The New York Times late Saturday, Trump said in a post on Twitter: "Lightweight NYS Attorney General Eric Schneiderman is trying to extort me with a civil law suit."
The tweet also linked to a website, which claims: "Trump University has a 98 percent approval rating.".....snip~
Donald Trump investment school sued by NY attorney general - Yahoo! Finance Canada
Looks like somebody is mad at Don-oowed. 2005 til 2011????? Yet no one in the Media ever went after Trump over this when he was all up in Obama's Face. Slamming Democrats and Repubs. Talking about running for the President. Just now they are finding something like this out.....when they were looking to discredit him before. Think they trying to make sure Trump don't get back up into the play of things again?
Didn't take Trump long to respond over twitter either. Do you think the NY AG got the message?
It would seem that NY missed their cut of the Donald's action and are thus quite upset.
Trump didn't take long to call the NY AG a lightweight. :lol:
He has faith in his lawyers and likely enjoys the added press attention and chances to get on more "news" radio and TV shows.
I was just thinking how he will use this to show the Democrats went after him over BS.....might even see a commercial out of him. If he wants to play with their heads a little. :mrgreen:
Yep. How to go from a being a solid one percenter to a "little guy" being picked on by the huge nanny state in short order.
I'm surprised the Left isn't all over this. Any other time they luv to slam Trump. :mrgreen:
I'm surprised the Left isn't all over this. Any other time they luv to slam Trump. :mrgreen:
If you invested in Donald Trump anything, I've got no sympathy.
Heya Wiseone :2wave: .....why would people who have learned to make money in real estate want any sympathy in the first place. Do you think all the millionaires he has helped make money really care. Despite some of them starting out with nothing.
But now if the NY AG is making stuff up or is unaware of somethings that have transpired thru the law legally. Then that's one who none should have no sympathy for.
Donald Trump is a clown, no more of a "business genius" than any other con artist is one.
Kinda like Obama huh? :lol:
So how does that change the facts that he helped people that didn't have anything make money?
Even less of a clown then MOST on the left and not even as big a clown on the Right.
Jesus that red herring is so massive you could eat it for a week with leftovers, what the hell does Obama have to do with it?
New York state's attorney general said on Sunday he has filed a $40 million lawsuit against Donald Trump and his for-profit investment school, accusing them of engaging in illegal business practices.
New York Attorney General Eric Schneiderman alleged that the real estate mogul, a former executive and the Trump Entrepreneur Institute - called Trump University until 2010 - made false claims about classes at the school, including that Trump handpicked instructors.
The attorney general said from 2005 to 2011, the Trump school operated without an educational license while misleading consumers into paying for courses promising to teach Trump's real estate investment techniques.
More than 5,000 people nationally took the courses, paying $40 million, Schneiderman said.
The lawsuit is seeking restitution of at least $40 million, as well as a disgorgement of profits, penalties and an injunction, Schneiderman's office said.
A lawyer for Trump did not immediately respond to requests for comment. But after the lawsuit was first reported in The New York Times late Saturday, Trump said in a post on Twitter: "Lightweight NYS Attorney General Eric Schneiderman is trying to extort me with a civil law suit."
The tweet also linked to a website, which claims: "Trump University has a 98 percent approval rating.".....snip~
Donald Trump investment school sued by NY attorney general - Yahoo! Finance Canada
Looks like somebody is mad at Don-oowed. 2005 til 2011????? Yet no one in the Media ever went after Trump over this when he was all up in Obama's Face. Slamming Democrats and Repubs. Talking about running for the President. Just now they are finding something like this out.....when they were looking to discredit him before. Think they trying to make sure Trump don't get back up into the play of things again?
Didn't take Trump long to respond over twitter either. Do you think the NY AG got the message?
What I find interesting about this article is that nothing you posted pointed to wrong-doing -- other than perhaps lack of "an educational license."
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