Quote:http://www.marketwatch.com/story/trump-u...2016-02-25

 

"The court documents, filed in federal court in California, claim that Trump University used radio and newspaper ads to draw students to free seminars with radio and newspaper ads promising access to instructors and information that made Trump a success. Once they got there, they were urged by speakers flanked by banners of Trump to sign up for a “one year apprenticeship” program, offering “a comprehensive real estate education” as well as access to mentors for a year, at the cost of $1,495, the documents claim."

 

"The one-year program turned out to be a three-day seminar aimed at convincing students to pay $34,995 for a “full education,” the lawsuit alleges. During the program, students were told to raise their credit card limits by four times so they could purchase property. However, the students were then asked to use the increased credit to buy the “Gold Program” seminar, the documents claim."

 

As much as these people rant about trump University they always neglect to mention the fact that the original complainant and lead plaintiff in the case is so embarrassed to testify at Trial that she is actually trying to leave the case.  You have a situation where the Lawyers from Trump university are petitioning the judge to KEEP her on so that she can be cross examined, that's the strength of the case.  

 

Sales training is always a tough sell.  Investment consulting is always a tough sell.  Millions upon millions of people have 401k's 403bs and other employer directed investment accounts, but the employer doesn't provide anyone to consult or give investment advice to the employees.  WHY?  Because if you have one person take a 5% hit based on the advise of an adviser provided by the company you're looking at a lawsuit.  

 

I have been involved in training financial professionals.  As part of our recruiting we offer to subsidize professional licensing.  you'd be surprised how many people come back and claim that we ripped them off because we paid half their licensing fee and they didn't pass the test.  

 

You wanna talk about real Fraud, go listen to the tapes of how Goldman Sachs treats their clients, read about how they nearly took the economy to the brink of destruction and then tell me how Ted Cruz could let his wife work their and take their money.  Tell me how Hillary Clinton can take their money.  

 

In the entirety of the Trump business record this is so small ball that it defies logic how this has been blown up to this magnitude.  

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