Trump University - a fraud according to students

Indus

Lifer
May 11, 2002
15,236
10,678
136
from: http://www.nydailynews.com/new-york/trump-university-students-school-scam-article-1.2350129

Guillo is one of hundreds of former “students” of the now-defunct Trump University; an entity the New York attorney general says was a grand scam that put $5 million in Trump’s pocket.

“As soon as I attended the first workshop, I knew I had been scammed,” Guillo said. “Every single workshop, they charged you another amount. Everything was to get you to spend more and more and more.”

Instead, according to lawsuits filed in New York and California, “students” got repeat come-ons to run up credit card debt to buy increasingly expensive mentorships topping out at nearly $35,000 per person.

Students were even advised to fudge their income to persuade credit card companies to increase their credit limits, the lawsuits charge.

An internal Trump U. document titled “surefire script to more purchasing power” suggested deliberately inflating actual income by adding in “projected income” from businesses that did not yet exist.

Students were told to make up a name of this fictional business, but not to include “real estate” in its name.

“Be vague,” the internal Trump U. document states.

In the end, according to the lawsuits, hundreds of students saw their credit scores damaged — and worse.

Kathleen Meese of upstate Schoharie said in a sworn affidavit that a Trump U. “mentor” pressured her to buy a $25,000 “elite” program.

When she balked, telling him she needed to support her son with Down syndrome, he “told me that I had to sign up for Trump Gold Elite for $25,000 to help my family. He said he had a son, so he knew how family meant everything to me.”

He promised she’d make the $25,000 back within 60 days, and she put the program on her card. When she again balked, he promised to personally work with her. After the three-day period for seeking refunds passed, he told her he was sending over another mentor.

Two years later, she was still paying off her credit card debt to Trump U.

Nelly Cunningham of Staten Island says she emptied her savings account for Trump U. and couldn’t get a refund.

“I wasted my entire life savings on Trump,” she said in an affidavit. “I spent $1,495 on the Trump three-day seminar and $24,995 on the Trump Gold Elite mentorship package, only to be demeaned and belittled. I feel like such a fool.”

In a lawsuit pending in Manhattan Supreme Court, New York Attorney General Eric Schneiderman says 600 ex-Trump U. students in the state were defrauded. Trump Organization counsel Alan Garten defended the school as “a substantive, real program” that “offered people valuable training, valuable courses and valuable mentorships.”

He provided sworn affidavits of eight students praising the school, with some saying they’d initiated successful real estate deals as a result of their training.

So far, Judge Cynthia Kerr has found Trump violated state education laws by calling his entity a “university” when it wasn’t licensed as one. She will decide on possible restitution after a yet-to-be scheduled hearing.

Meantime, two more class-action lawsuits are pending in California.

Trump U. claimed to help some of the working stiffs who Trump has expressed concern for on the stump by turning them into real estate tycoons via “experts” who were allegedly “hand-picked” by Trump.

And who were these ambassadors to extravagant wealth?

One was a graphic designer. Two “mentors” had filed for protection from creditors under the bankruptcy act after running up huge debts in failed real estate adventures, according to bankruptcy court documents.

“I don’t think that someone had a downturn on a business deal means that they are not experienced,” said Trump’s counsel, Garten.

Students say Trump U. presenters told them Trump didn’t get a penny and that all the fees went back into the school. Schneiderman says Trump personally pocketed $5 million.

So what do unhappy Trump U. students think of his plan to “make America great again”?

For Guillo of Manhasset, L.I., who demanded but never got a refund of his $34,995, it’s all a great big joke.

“Donald Trump has charisma. He’s got the greatest persona of any of the Republican candidates and even the Democratic candidates,” Guillo said.

“And if you’re not sophisticated, he makes a pitch before the Iowa fair and he gives a speech, they believe all this stuff.

“But when it comes down to solutions, he’s not specific about anything. And people are buying it.”

Nora Hann, 62, of Seagate, Brooklyn, isn’t buying it anymore. She tried for months to get a refund after putting a $34,995 “Gold Elite” mentorship on her credit card.

“I went through hell and back,” she said. “I kept calling them, sending them emails, nothing happened. Ignoring me. Email after email. They kept sending me emails saying how everything is progressing.”

Amex told her the Trump charge had already gone through. Then her “mentor” stopped taking her calls. She finally got him to pick up by using a friend’s cell phone. He agreed to a refund.

This experience left Hann with serious doubts about a potential President Trump.

“I don’t think he’s going to make it. He has a big mouth. He’s just stirring up trouble,” she said. “I think they’re a bunch of frauds. They told us that he was going to be there. He wasn’t there. This is not $3,500. This is $35,000. It’s crazy.”

Arlene Cohen, 59, who lives in Forest Hills, Queens — the borough where Trump grew up — paid $1,495 for a three-day seminar because she admired him.

Pressured to buy far more expensive “mentorships,” she walked away. Her view of Trump soured somewhat when her refund request was rebuffed.

“Although I think he’s an amazing person and he might even be a good President, this is different,” she said.

“He sold out for the money.”

Might as well have Bernie Madoff running for the Presidency.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,329
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A fool and their money......

It just amazes me at the amount of people willing to jump headfirst into get rich schemes. If I had some sort of scheme to continually make millions of dollars the very last thing I would do would be to give myself a fuckload of competition for a few thousand bucks each.
 

DrDoug

Diamond Member
Jan 16, 2014
3,580
1,629
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Donald's 'university' specialized in bankrupting people who attended it? It even had mentors who had filed for bankruptcy?

Wow, I am so not surprised.
 

flexy

Diamond Member
Sep 28, 2001
8,464
155
106
Prince Mahmud Ngimbe of Nigeria is looking for a trustworthy person to transfer his $250,000,000 heritage out of the country. He is offering 1%, a whopping $2.5M dollars for the one who helps him. This is legit too!
 
Nov 8, 2012
20,842
4,785
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Trump takes advantage of people that are stupid with money. News at 11.


Seriously. Why would I care about this? Obviously these people are too stupid with their money, better leave it in better hands than theirs. If it's not Comcast or some some cable/satellite company, all the better.


tl;dr: WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!!!!
 
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Mai72

Lifer
Sep 12, 2012
11,562
1,741
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Donald was born with a silver spoon in his ass.

Why are people surprised?

LOL. What school did you go to? Harvard? Yale? No. I went to Trump University!!
 
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DrDoug

Diamond Member
Jan 16, 2014
3,580
1,629
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Donald was born with a silver spoon in his ass.

Why are people surprised?

I respectfully disagree. I believe that The Donald is an ass that was born with a silver spoon in it.
 

Charmonium

Lifer
May 15, 2015
10,371
3,432
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There's already a law suit pending in NY and it looks like he's going to be forced to pay restitution, especially since his "university" was never established as one. It was just a name.
 

Exophase

Diamond Member
Apr 19, 2012
4,439
9
81
The other issue is how willing credit card companies are to extend credit lines of $35k to people who can't afford to pay it back without relying on some shady business turnaround.
 

Newell Steamer

Diamond Member
Jan 27, 2014
6,894
8
0
Naw, naw, Trump is a straight shooter. He is honest.

Why are liberals trying to smear this honest business man?! I mean, what about Hillabeast? She arranged for the deaths of 100, no - 1,000 US soldiers in Benghazi, yeah that's it. She used an email server to rape Syrian refugees. What about the mass murders in Chicago?

Yeah, typical racist Liberals going after a successful (inheritance and government welfare) white business man, but want General Buttnaked to be President of the U.S.,.. unbelievable!
 

Murloc

Diamond Member
Jun 24, 2008
5,382
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To fall for that kind of charlatan, right?

Do we blame the victims, or the perp?
If the perp acted in the law, all that we should do is change the laws.
It happened in my state, now university and stuff are protected names and you have to get registered to use them.

I don't blame the victims but I have no sympathy.
 

Charmonium

Lifer
May 15, 2015
10,371
3,432
136
If the perp acted in the law, all that we should do is change the laws.
It happened in my state, now university and stuff are protected names and you have to get registered to use them.

I don't blame the victims but I have no sympathy.
Most people think that if you claim to be an expert and demonstrate some level of knowledge beyond what they have, which, not to sound like a douche, isn't really saying much most of the time, then they assume that you know better than they do. It's all about perception. Fake it til you make it.

So people look at someone like Trump and figure, well if he's that rich he can't be a complete moron. Except more times than not they're wrong. I have this one relative who's worth a shitload between real estate and investments. But he's an idiot - something he freely admits btw, so I at least give him credit for that. He's made money because he can read people and tell them what they need to hear to make a sale. Granted, that's a valuable skill, but he's definitely not Mensa material.

Same thing with Trump. Trump knows how to pander and bullshit. As long as he has competent people doing the day to day shit, he can spend most of his time in a coma.
 

NoStateofMind

Diamond Member
Oct 14, 2005
9,711
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Greenman

Lifer
Oct 15, 1999
21,985
6,298
136
It will be interesting to see how this plays out. If Trump was actually a player in the scam I hope he gets destroyed.
 

Sonikku

Lifer
Jun 23, 2005
15,882
4,882
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As a businessman you could appreciate behavior like this to some extent; man smartly profits off of people who could have used better judgment. Although it is behavior harder to appreciate in a presidential candidate, one whom should be working to actively improve the lives of Americans. As opposed to profiting off of them. We don't need another Cheney.
 

Hugo Drax

Diamond Member
Nov 20, 2011
5,647
47
91
This is pretty old news. Retarded people overpay for another private university degree or scam seminar program. What did they think the trump name was going to do for them?

They probably get laughed and screened out by HR, better bet is not to put that in your resume, it just shows lack of judgement.
 
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