Donald Trump Liable for Running Unlicensed “Trump University”
“It’s undisputed that Mr. Trump never complied with the licensing requirements.”
Donald Trump is waging an ongoing battle with Eric Schneiderman, the Attorney General who brought a $40 million suit against Trump’s now-defunct Trump University. A judge recently ruled that Trump was liable for running an unlicensed school for mogul wannabes, which attracted thousands who paid up to $35,000 for lessons.
Since the “school” did not have the necessary paperwork, Manhattan Supreme Court Judge Cynthia Kern declared that “It’s undisputed that Mr. Trump never complied with the licensing requirements.” While Trump was ruled against on the issue of whether he was responsible for the unlicensed school, Trump focused on the parts of the ruling which went his way, tweeting:
— Donald J. Trump (@realDonaldTrump) October 16, 2014
The suit covered complaints brought by students between 2005 through 2011, with Schneiderman alleging that the 3-day seminars failed to unlock the secrets of instant wealth and that Trump was never even present at the classes. Additionally, many students failed to close a single real estate deal after the course, but instead emerged from the seminars thousands of dollars in debt. The amount Trump has to pay for his negligence has yet to be determined.
[h/t New York Post]