Trump University Trump University was an unaccred
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Posted On: 12/10/2023 5:24:04 AM
Trump University
Trump University was an unaccredited business venture owned and operated by Donald Trump and his associates, where students paid anywhere from $1,500 to $35,000 to learn the real estate mogul's business techniques. Trump University promised students exclusive and helpful information about real estate and finance, but this promise was quickly exposed as a sham.
Trump University's instructors had no real business experience; the courses were merely poorly researched materials and recordings of Trump's reality T.V. appearances. Trump University's courses were also alleged to make money-back guarantees to students, which they could never keep.
In 2014, New York Attorney General Eric Schneiderman filed a $40 million lawsuit against Trump, alleging that the entrepreneurs perpetuated a scam that had fleeced its customers through false promises and misleading statements. According to the lawsuit, "Trump University made false promises to convince people to spend tens of thousands of dollars on 'classes' and to pay for expensive and largely useless seminars and mentorships."
Trump attempted to discredit the case, calling it "a politically motivated lawsuit," but the State of New York ruled that the institution was illegally operating as an unlicensed educational institution. The evidence against Trump University became increasingly damning, with students of the university recounting how they were encouraged to go into debt to pay for the courses.
The case was ultimately settled in 2018, with Donald Trump paying a $25 million settlement to those who had taken courses with Trump University. Trump also agreed to end the program, never to again offer education courses under the name of Trump University.
Trump University was an unaccredited business venture owned and operated by Donald Trump and his associates, where students paid anywhere from $1,500 to $35,000 to learn the real estate mogul's business techniques. Trump University promised students exclusive and helpful information about real estate and finance, but this promise was quickly exposed as a sham.
Trump University's instructors had no real business experience; the courses were merely poorly researched materials and recordings of Trump's reality T.V. appearances. Trump University's courses were also alleged to make money-back guarantees to students, which they could never keep.
In 2014, New York Attorney General Eric Schneiderman filed a $40 million lawsuit against Trump, alleging that the entrepreneurs perpetuated a scam that had fleeced its customers through false promises and misleading statements. According to the lawsuit, "Trump University made false promises to convince people to spend tens of thousands of dollars on 'classes' and to pay for expensive and largely useless seminars and mentorships."
Trump attempted to discredit the case, calling it "a politically motivated lawsuit," but the State of New York ruled that the institution was illegally operating as an unlicensed educational institution. The evidence against Trump University became increasingly damning, with students of the university recounting how they were encouraged to go into debt to pay for the courses.
The case was ultimately settled in 2018, with Donald Trump paying a $25 million settlement to those who had taken courses with Trump University. Trump also agreed to end the program, never to again offer education courses under the name of Trump University.
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