Trump "University" Sued For Fraud
Add questions about Trump University to the growing list of potential scandals for which Donald Trump may have to answer if he decides to jump into the 2012 presidential race.
Last year, the real estate mogul's school was forced to change its name from Trump University after the New York Department of Education took issue with its title, claiming the word "University" was misrepresentation. At the time, Trump was marketing his seminar program as an "Ivy-League quality" school.
But a current class action lawsuit against the learning institute--now known as the Trump Entrepreneur Initiative--begs to differ, the Huffington Post reports. The program continues to face accusations it's nothing more than a scam preying on individuals hoping to make it rich in the real estate business, purporting to make participants into "apprentices" of Trump and offer insider secrets.
More specifically, the lawsuit claims that the for-profit institution is a ripoff that pressures individuals into spending money, especially on ventures in which the "school's" mentors and associates have a financial stake. (Trump has filed a $100 million counterclaim for defamation.)
May 10, 2011 at 2:04 PM
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