“A lawsuit filed Saturday by New York Attorney General Eric T. Schneiderman alleges that Donald Trump defrauded more than 5,000 people of $40 million, handed over for what was supposed to be the opportunity to learn Trump’s real estate investment magic at his for-profit training program, Trump University. The suit also names The Trump Entrepreneur Institute—previously known as Trump University LLC—and Michael Sexton, former president of the institution.
Beginning in 2005, Trump University offered a program that began with a free introductory 90-minute presentation promising to teach the secrets that helped build his real estate empire. This was, according to the suit, no more than a lengthy promotion for a three-day, $1,500 seminar. The three-day program, in turn, was used to plug “elite” courses that cost anywhere from $10,000 to $35,000.”* The Young Turks host Cenk Uygur breaks it down.
Read more here from Kathryn Dill / Forbes:
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