- Instead of Trump actually attending any of the seminars, attendees were often offered the opportunity to instead take a photo next to a life-size cutout.
- In addition to that, the theme song from Trump's show "The Apprentice" was played at the beginning and end of each seminar.
- A special database of lenders the "University" purportedly had insider access to was actually just "a list photocopied from an issue of Scotsman Guide, a commercially available magazine," the suit says.
- Attendees were told there was a toll-free "hotline" featuring instructors taking questions about real estate investing. The complaint says no such line existed, and instructors only made themselves available to individuals who'd signed up for the "elite" version of the seminar — "and often, not even then."
- But, students were asked to call their credit card companies during breaks in the seminar to ask that their credit limits be raised.
- The instructors repeated the business' ad claims that they'd been hand-picked by Trump himself, when in fact none of them were. And some of the instructors came to the organization after their own failed real estate investments bankrupted them.
- The organization comes pretty close to sounding like a pyramid scheme: The "students" would first attend a free seminar enticing them into paying $1,495 for a subsequent three-day seminar where they'd learn "everything they needed to know to start investing." Instructors at the three-day seminar would instead warn they would need to purchase additional programs — ideally the $35,000 "elite" program — or they would not succeed.
- Trump pocketed more than $5 million despite insinuating he would not profit directly from the organization.
Thursday, 29 August 2013
Great allegations in New York suit against Trump University
Posted on 05:52 by Unknown
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