themcglynn.com

09 Mar

The Dump The Trump University

Trump University Intro

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mother jones

It’s not yooge.

GOP front-runner Donald Trump has been getting hammered by his rivals over Trump University (later named the Trump Entrepreneur Initiative). His embattled education venture is being sued for fraud by the New York state attorney general and by a handful of former students who allege they took on thousands of dollars in debt to attend real estate seminars that made false promises of future riches. (Trump promoted the company’s courses by saying they offered a better education than top business schools.) Trump has fought back—both against his Republican opponents and in court—insisting the company was on the up-and-up and beloved by students. During his victory speech on Tuesday night, following wins in the Michigan and Mississippi GOP primary elections, he vowed Trump University would come back, better and more successful than ever.

“If I become president that means Ivanka, Don, Eric and my family will start it up,” he said. “We have a lot of great people who want to get back into Trump University. It’s going to do very well, and it will continue to do very well.”

But how big a moneymaker was this school—supposedly designed to teach students to be successful in business—for its namesake?

market

Case against Trump University can proceed: appeals court

By Jillian Berman

A class action lawsuit could force Donald Trump from the campaign trail

AFP/Getty Images- Don Emert

Donald Trump exits New York Supreme Court after reporting for jury duty on Aug. 17, 2015.

Donald Trump has promised to make Americans great before, and as multiple lawsuits allege, it didn’t work out so well.

Republican presidential front-runner Donald Trump has vowed on the campaign trail to use his personal prowess and business savvy to help set the country on a better path. But he’s made similar promises in the past, which have not appeared to come true, multiple lawsuits claim. And now those accusations may come back to haunt him in his race for president.

It’s possible that Trump will have to take a break from the campaign trail before the final primaries in the Republican race to testify in a class-action lawsuit filed against the now-defunct Trump University in 2010. The suit is one of three Trump University is facing. Court documents, first reported by Yahoo Politics, indicate that both parties have listed the billionaire mogul on their witness list to testify in the case, which was filed in a federal court in San Diego. Though no date has been set for the trial, a pretrial conference is now scheduled for May 6.

The accusations also made an appearance in the Feb. 25 Republican debate, drawing significant attention from Trump’s rivals for the first time. Sen. Marco Rubio (R-Fl.) described the program as a “fake university” and Cruz also suggested that having a Republican presidential nominee with pending litigation could put the party’s chances of winning the race at risk. And it appears, as The Washington Post points out, that the public noticed. The chart below from Google Trends shows that interest in Trump University spiked after mentions on the debate stage. In response, Trump said the case was “nonsense” and that he would win the civil suit.

The claims caught up with Trump again on Super Tuesday, when a Manhattan appeals court ruled that a suit filed against Trump University by New York Attorney General Eric Schneiderman could proceed. Attorneys representing Trump University had argued that the case should be thrown out because the statute of limitations had expired. Schneiderman alleged in the suit that Trump University lured students into paying tens of thousands of dollars to access Trump’s network and investment secrets, promises that never came true.

“Today’s decision is a clear victory in our effort to hold Donald Trump and Trump University accountable for defrauding thousands of students,” Schneiderman said in a statement. “We look forward to demonstrating in a court of law that Donald Trump and his sham for-profit college defrauded more than 5,000 consumers out of millions of dollars.”

In the class-action court documents, former students accuse Trump University of luring them into spending tens of thousands of dollars to better their lives through courses on real-estate investment and access to mentors. But the promises never came to fruition, the suit alleges. Trump’s lawyer and a spokeswoman for his campaign didn’t immediately respond to requests for comment, but Trump has previously denied the allegations.

Trump University first launched in 2005 and it wasn’t a university in a traditional sense. Instead it functioned more as a series of business and real estate-focused seminars — some online — and mentorship programs. In 2010, the company changed its name to the Trump Entrepreneur Initiative after years of pressure for the New York State Education Department, which argued that it was misleading. The program later shut down in 2010.

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