Showing posts with label trumpu. Show all posts
Showing posts with label trumpu. Show all posts

Thursday, December 15, 2016

Reuters: Trump Defends Decision to Settle Trump University Lawsuits


New York Attorney General Eric Schneiderman has said over 5,000 students across the country were defrauded out of about $40 million, so Trump‘s settlement of $25 million was around 60 percent of these estimated damages.

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In announcing the settlement, Schneiderman said the deal followed repeated refusals by Trump“to settle for even modest amounts of compensation for the victims of his phony university.”

In a statement, Schneiderman called the settlement a “stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.”

Students had claimed they were they were lured by false promises into paying up to $35,000 to learn Trump‘s real estate investing secrets from his hand-picked instructors. Trump‘s lawyers denied this.

The deal covers three lawsuits relating to Trump University: two class actions suits in California and a New York case brought by Schneiderman. U.S. District Judge Gonzalo Curiel in San Diego must still approved the settlement.

Monday, December 12, 2016

New York Times: Donald Trump Agrees to Pay $25 Million in Trump University Settlement

By Steve Edler:

Donald J. Trump has reversed course and agreed on Friday to pay $25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign.

The settlement was announced by the New York attorney general just 10 days before one of the cases, a federal class-action lawsuit in San Diego, was set to be heard by a jury. The deal averts a potentially embarrassing and highly unusual predicament: a president-elect on trial, and possibly even taking the stand in his own defense, while scrambling to build his incoming administration.

It was a remarkable concession from a real estate mogul who derides legal settlements and has mocked fellow businessmen who agree to them.

But the allegations in the case were highly unpleasant for Mr. Trump: Students paid up to $35,000 in tuition for a programs that, according to the testimony of former Trump University employees, used high-pressure sales tactics and employed unqualified instructors.

The Full Story (November 18, 2016)

Sunday, November 6, 2016

[Special] New York Times: Why Donald Trump Should Not Be President

By Times Editorial Board:

Despite his towering properties, Mr. Trump has a record rife with bankruptcies and sketchy ventures like Trump University, which authorities are investigating after numerous complaints of fraud. His name has been chiseled off his failed casinos in Atlantic City.

Mr. Trump’s brazen refusal to disclose his tax returns — as Mrs. Clinton and other nominees for decades have done — should sharpen voter wariness of his business and charitable operations. Disclosure would undoubtedly raise numerous red flags; the public record already indicates that in at least some years he made full use of available loopholes and paid no taxes.

Mr. Trump has been opaque about his questionable global investments in Russia and elsewhere, which could present conflicts of interest as president, particularly if his business interests are left in the hands of his children, as he intends. Investigations have found self-dealing. He notably tapped $258,000 in donors’ money from his charitable foundation to settle lawsuits involving his for-profit businesses, according to The Washington Post.

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He used the shameful “birther” campaign against President Obama’s legitimacy as a wedge for his candidacy. But then he opportunistically denied his own record, trolling for undecided voters by conceding that Mr. Obama was a born American. In the process he tried to smear Mrs. Clinton as the instigator of the birther canard and then fled reporters’ questions.

Since his campaign began, NBC News has tabulated that Mr. Trump has made 117 distinct policy shifts on 20 major issues, including three contradictory views on abortion in one eight-hour stretch. As reporters try to pin down his contradictions, Mr. Trump has mocked them at his rallies. He said he would “loosen” libel laws to make it easier to sue news organizations that displease him.

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His plan for cutting the national debt was far from a confidence builder: He said he might try to persuade creditors to accept less than the government owed. This fanciful notion, imported from Mr. Trump’s debt-steeped real estate world, would undermine faith in the government and the stability of global financial markets. His tax-cut plan has been no less alarming. It was initially estimated to cost $10 trillion in tax revenue, then, after revisions, maybe $3 trillion, by one adviser’s estimate. There is no credible indication of how this would be paid for — only assurances that those in the upper brackets will be favored.

The Full Story (September 25, 2016)

Bonus - New York Times: Hillary Clinton For President:

Mrs. Clinton and her team have produced detailed proposals on crime, policing and race relations, debt-free college and small-business incentives, climate change and affordable broadband. Most of these proposals would benefit from further elaboration on how to pay for them, beyond taxing the wealthiest Americans. They would also depend on passage by Congress.

That means that, to enact her agenda, Mrs. Clinton would need to find common ground with a destabilized Republican Party, whose unifying goal in Congress would be to discredit her. Despite her political scars, she has shown an unusual capacity to reach across the aisle.

When Mrs. Clinton was sworn in as a senator from New York in 2001, Republican leaders warned their caucus not to do anything that might make her look good. Yet as a member of the Senate Armed Services Committee, she earned the respect of Republicans like Senator John McCain with her determination to master intricate military matters.

Her most lasting achievements as a senator include a federal fund for long-term health monitoring of 9/11 first responders, an expansion of military benefits to cover reservists and the National Guard, and a law requiring drug companies to improve the safety of their medications for children.

Below the radar, she fought for money for farmers, hospitals, small businesses and environmental projects. Her vote in favor of the Iraq war is a black mark, but to her credit, she has explained her thinking rather than trying to rewrite that history.

The Full Story (September 25, 2016)

Wednesday, October 5, 2016

The Atlantic: Was Trump Fibbing About Buying Politicians Then or Now?


What Trump needed was for Bondi to quash an investigation into Trump University. On September 17, 2013, the pro-Bondi group, And Justice for All, received a $25,000 donation from the Donald J. Trump Foundation. Four days later, Bondi announced that the state of Florida wouldn’t pursue a legal case about Trump University or the Trump Institute, a similar but separate scheme. The donation was revealed by the Associated Press in June, but it’s under fresh scrutiny because the Trump Foundation’s gift was illegal, leading to a $2,500 fine paid to the IRS earlier this year, as The Washington Post reported last week.


Bondi and Trump both insist that the donation had no connection with the decision not to pursue the case against Trump, and there’s no definitive proof otherwise. There is, however, the strange timing, and Trump’s past statements, in which he assured audiences that, yes, the game was rigged; yes, politicians could be bought; yes, he had done the buying; and yes, he was the only one who could fix it, since he was honest about how the game worked.

Asked about his Journal comments during the August 6, 2015, Republican primary debate in Cleveland, for example, Trump said, “You’d better believe it. If I ask them, if I need them, you know, most of the people on this stage I've given to, just so you understand, a lot of money.”


Washington Post: Trump’s History of Corruption is Mind-boggling. So Why is Clinton Supposedly the Corrupt One?

But the truth is that you’d have to work incredibly hard to find a politician who has the kind of history of corruption, double-dealing, and fraud that Donald Trump has. The number of stories which could potentially deserve hundreds and hundreds of articles is absolutely staggering. Here’s a partial list:
  • Trump’s casino bankruptcies, which left investors holding the bag while he skedaddled with their money
  • Trump’s habit of refusing to pay contractors who had done work for him, many of whom are struggling small businesses
  • Trump University, which includes not only the people who got scammed and the Florida investigation, but also a similar story from Texas where the investigation into Trump U was quashed.
  • The Trump Institute, another get-rich-quick scheme in which Trump allowed a couple of grifters to use his name to bilk people out of their money
  • The Trump Network, a multi-level marketing venture (a.k.a. pyramid scheme) that involved customers mailing in a urine sample which would be analyzed to produce for them a specially formulated package of multivitamins
  • Trump Model Management, which reportedly had foreign models lie to customs officials and work in the U.S. illegally, and kept them in squalid conditions while they earned almost nothing for the work they did
  • Trump’s employment of foreign guest workers at his resorts, which involves a claim that he can’t find Americans to do the work
  • Trump’s use of hundreds of undocumented workers from Poland in the 1980s, who were paid a pittance for their illegal work
  • Trump’s history of being charged with housing discrimination
  • Trump’s connections to mafia figures involved in New York construction
  • The time Trump paid the Federal Trade Commission $750,000 over charges that he violated anti-trust laws when trying to take over a rival casino company
  • The fact that Trump is now being advised by Roger Ailes, who was forced out as Fox News chief when dozens of women came forward to charge him with sexual harassment. According to the allegations, Ailes’s behavior was positively monstrous; as just one indicator, his abusive and predatory actions toward women were so well-known and so loathsome that in 1968 the morally upstanding folks in the Nixon administration refused to allow him to work there despite his key role in getting Nixon elected.

Saturday, October 1, 2016

[Special] Washington Post: Trump Promised Millions to Charity. We Found Less Than $10,000 Over 7 Years.

By David A. Fahrenthold:

In May, under pressure from the news media, Donald Trump made good on a pledge he made four months earlier: He gave $1 million to a nonprofit group helping veterans’ families.

Before that, however, when was the last time that Trump had given any of his own money to a charity?

If Trump stands by his promises, such donations should be occurring all the time. In the 15 years prior to the veterans donation, Trump promised to donate earnings from a wide variety of his moneymaking enterprises: “The Apprentice.” Trump Vodka. Trump University. A book. Another book. If he had honored all those pledges, Trump’s gifts to charity would have topped $8.5 million.

But in the 15 years prior to the veterans’ gift, public records show that Trump donated about $2.8 million through a foundation set up to give his money away — less than a third of the pledged amount — and nothing since 2009. Records show Trump has given nothing to his foundation since 2008.

The Full Story (June 28, 2016)

Friday, July 22, 2016

AP: Trump University Model - Sell Hard, Demand to See a Warrant

By Jeff Horwitz and Michael Biesecker:

Those who bought into Trump University ended up paying as much as $34,995 for what was purported to be private mentoring with supposed real estate experts — some of whom Trump himself later acknowledged were unqualified.

"It's fraud. ... straight-up fraud," said New York Attorney General Eric Schneiderman during an MSNBC interview on Thursday morning. Schneiderman is suing Trump over Trump University in separate but similar case. "He was clearly in charge of pitching this scam university to people."

With past Trump-affiliated business failures and controversies, Trump has often distanced himself by noting that his only financial involvement was a branding agreement. In the case of Trump University, however, Trump's ownership is not in dispute — Trump wanted the business for himself.

When future Trump University President Michael Sexton pitched Trump on the deal, he wanted to pay Trump a flat fee in a licensing deal. Trump rejected that, Sexton said in a deposition.

Trump "felt this was a very good business, and he wanted to put his own money into it," said Sexton, who ended up receiving $250,000 a year from Trump to run a business in which Trump held more than a 90 percent stake. The design of the Trump University operating agreement "was entirely in the hands of the Trump legal team," Sexton said.

The Full Story (June 2, 2016)

Monday, July 11, 2016

Ars Technica: Trump University and the Art of the Get-Rich Seminar

By Joe Mullin and Jonathan Kaminsky:

The booming industry of real estate investment seminar gurus—who by the early 2000s numbered in the dozens—made it clear that you could make big money selling a roomful of people at a time on the dream of easy riches. But seminar work itself was complex, ranging from managing teams of traveling crew members to keeping sales pitches just murky enough that law enforcement wouldn't butt in.

Trump wanted a piece of the action, so he struck a licensing deal with the Milins in 2006. The couple created the “Trump Institute,” using much of the same pitch material and some of the same pitchmen.

The launch of Trump Institute, in turn, paved the way for the later creation of the Trump University live seminar business, which continues to be one of the biggest scandals dogging Trump’s presidential campaign. The New York Attorney General sued Trump, the Trump University, and its president, Michael Sexton, in 2013, alleging that they had ripped off thousands of customers, some of whom paid tens of thousands of dollars for “mentorship” programs.

The Full Article (April 29, 2016)