Trump University - a fraud according to students

[Spungo]

I'm not really sure what you're talking about. You cannot charge for investment advice unless you are registered with FINRA, whether you're claiming your advice is based on fundamental analysis or psychic vision.

Anyone can also give financial advice as long as it's not specific to one person. I can go on TV and say I think coke is going higher, pfizer is going down, and I'm bullish on silver, and it's all legal. If you call the show and ask what you should personally do, answering that question in a specific way would be illegal.

This is why it's legal to write a financial newsletter even if you don't have credentials. In fact, most writers don't have credentials. A guy trained as a doctor who investigates biotech companies isn't registered with FINRA, but he can still talk about the prospects of that company, how future earnings might look, how the drug approval process works, etc.

I can give you a psychic reading about the future earnings of a company, but I can't explicitly tell you to buy that company.


Here's a psychic who likes making financial predictions:
http://www.jeannemayell.com/psychic-predictions-2015-2016/

Still do not see a market crash this year, in spite of what happened in January. Am expecting more volatility next year and the year after but still no big crash. I am most concerned about 2019 and 2020.

I thought this prediction was rather funny

Medical breakthrough with ALS. (New study brings hope for ALS treatment)

She was even nice enough to provide a link saying where her "psychic" prediction came from

 

[Ns1]

I wonder if any of his supporters have noted the disturbing similarities.

what you mean is proof of his business acumen - he's got my vote!

 

[compuwiz1]

Any potential biases here?
http://dailycaller.com/2016/06/01/j...sity-case-is-member-of-la-raza-lawyers-group/

United States District Court Judge Gonzalo Curiel, the man presiding over the class-action lawsuit against Trump University, is a member of the La Raza Lawyers of San Diego and oversaw the gift of a law school scholarship to an illegal alien.

In his 2011 judicial questionnaire to become a federal judge, Curiel revealed his history with La Raza. GotNews.com originally reported this Tuesday, and The Daily Caller has independently verified. Curiel lists “La Raza Lawyers of San Diego” as a legal association he has been a part or is a part of on the questionnaire. Curiel’s office at the United States District Court for the Southern District of California confirmed to TheDC the judge’s membership in the group.

Curiel reveals more ties to the group in his questionnaire. He has spoken at two receptions held by La Raza Lawyers of San Diego, the most recent being in 2011. Last year, the group also held a reception for Curiel. The description of the event says, “This year we are proud to be honoring Judge Gonzalo Curiel at our reception and recognizing him for his leadership and support to the community and to our Association!”

In addition, Curiel served on the selection committee in 2014 for the La Raza Lawyers of San Diego Scholarship Fund. Six of seven of the recipients of these scholarships ranging from $1500 to $1600 were born in Central America. One of them, Ricardo Elorza, described himself as “undocumented.”

 

[ivwshane]

Any potential biases here?
http://dailycaller.com/2016/06/01/j...sity-case-is-member-of-la-raza-lawyers-group/

What would be the bias?

 

[Fanatical Meat]

Honestly to me it appears the Judge is being sensitive and kind to a fault. What would happen to you or I if we went on a very public tirade about the Judge, I'll give you a hint it wouldn't be ignored.
This Judge has the trial on a fast pace I believe it was originally scheduled to happen around election time. He's ignored Trumps odd accusations and seems to want to wrap the trial up quickly.

 

[alien42]

Honestly to me it appears the Judge is being sensitive and kind to a fault. What would happen to you or I if we went on a very public tirade about the Judge, I'll give you a hint it wouldn't be ignored.
This Judge has the trial on a fast pace I believe it was originally scheduled to happen around election time. He's ignored Trumps odd accusations and seems to want to wrap the trial up quickly.

it has nothing to do with the judge. Trump University was a outright scam that victimized the elderly, uneducated and vulnerable. the Republican presidential nominee is likely going to be testifying in his own fraud trial right around election day. if that's making American great again, i'll pass.

NPR has a new article with a lot of the documents...

http://www.npr.org/2016/06/01/48027...onsequences-of-the-trump-university-documents

 

[Victorian Gray]

Honestly to me it appears the Judge is being sensitive and kind to a fault. What would happen to you or I if we went on a very public tirade about the Judge, I'll give you a hint it wouldn't be ignored.
This Judge has the trial on a fast pace I believe it was originally scheduled to happen around election time. He's ignored Trumps odd accusations and seems to want to wrap the trial up quickly.

Actually he's delayed the trial until after the election. He just didn't delay it as long as Trump's lawyers wanted.

"On Friday, a federal judge set a November 28 trial date for a longstanding class action suit against Trump University, the now-defunct get-rich-on-real-estate seminar program started by Trump.

Of course, Trump, the presumptive Republican presidential nominee, already has a busy schedule ahead. There's the GOP convention in Cleveland in July. And Election Day on November 8.

Judge Gonzalo Curiel in San Diego agreed to wait till after the presidential election but did not grant Trump's lawyers' wishes to wait till February 2017.

His lawyer, Daniel Petrocelli, said Trump plans to testify and argued the trial should be held after the next presidential inauguration. He said if Trump wins the election, he'll need time to make key decisions such as picking his cabinet."

http://www.wvtm13.com/money/trump-university-trial-set-for-november-28/39420774

 

[feralkid]

What would be the bias?

Read it again with the dog-whistle translator.

 

[Jhhnn]

Hillary rips Trump as a fraud-

http://www.cnn.com/2016/06/01/politics/hillary-clinton-trump-university/

It's a solid counter to the "can't trust Hillary" bullshit.

She knows how to start a fight, that's for sure.

 

[LegendKiller]

Hillary rips Trump as a fraud-

http://www.cnn.com/2016/06/01/politics/hillary-clinton-trump-university/

It's a solid counter to the "can't trust Hillary" bullshit.

She knows how to start a fight, that's for sure.

Funny coming from a fraud of a businesswoman (Wall St. speeches), wife to the fraud of a chancellor of a fraudulent school, fraud of a Sec State who has lied repeatedly about what happened.

Fraud knows fraud.

If Trump wants to shut her down, perhaps he should ask her to return the $16mm Billybob made from Laureate International, where the Cohort Default Rate is more than 2x the national average. Perhaps he should apologize to the US Taxpayers for being the chancellor of such a shitty for-profit "university" that is nothing more than a degree mill that charges $60k a year for a shit "degree" that not a single person at a major corporation will consider. $60 fucking k a year. Are you fucking kidding me?

Who the fuck is fraudulent at $60k/yr?

But hey, $16mm is 14% of the Clinton's net worth. That's like 48 speeches at 300k a pop. Maybe Goldman can chuck in a few dollars for her to make up the difference. Or the law firm pushing this ridiculous lawsuit. After all, they already paid her $900k. Maybe she can give some of that to the judge so he can create a few more La Raza scholarships for illegals. After all, we all know somebody like him loves Trump.

LOL - and Trump's the fraudster here.

 

[Sonikku]

How else can a fraudster win the White House if not to compete with the same?

 

[jackstar7]

Funny coming from a fraud of a businesswoman (Wall St. speeches), wife to the fraud of a chancellor of a fraudulent school, fraud of a Sec State who has lied repeatedly about what happened.

Fraud knows fraud.

If Trump wants to shut her down, perhaps he should ask her to return the $16mm Billybob made from Laureate International, where the Cohort Default Rate is more than 2x the national average. Perhaps he should apologize to the US Taxpayers for being the chancellor of such a shitty for-profit "university" that is nothing more than a degree mill that charges $60k a year for a shit "degree" that not a single person at a major corporation will consider. $60 fucking k a year. Are you fucking kidding me?

Who the fuck is fraudulent at $60k/yr?

But hey, $16mm is 14% of the Clinton's net worth. That's like 48 speeches at 300k a pop. Maybe Goldman can chuck in a few dollars for her to make up the difference. Or the law firm pushing this ridiculous lawsuit. After all, they already paid her $900k. Maybe she can give some of that to the judge so he can create a few more La Raza scholarships for illegals. After all, we all know somebody like him loves Trump.

LOL - and Trump's the fraudster here.

Keep reading from the hymnal, my child, and sing with the whole chorus.

 

[ivwshane]

You heard it here first folks! Paid speeches are fraud!

You know what else is a fraud? The book you got your info from.

You may now continue with your triggered response.

Funny coming from a fraud of a businesswoman (Wall St. speeches), wife to the fraud of a chancellor of a fraudulent school, fraud of a Sec State who has lied repeatedly about what happened.

Fraud knows fraud.

If Trump wants to shut her down, perhaps he should ask her to return the $16mm Billybob made from Laureate International, where the Cohort Default Rate is more than 2x the national average. Perhaps he should apologize to the US Taxpayers for being the chancellor of such a shitty for-profit "university" that is nothing more than a degree mill that charges $60k a year for a shit "degree" that not a single person at a major corporation will consider. $60 fucking k a year. Are you fucking kidding me?

Who the fuck is fraudulent at $60k/yr?

But hey, $16mm is 14% of the Clinton's net worth. That's like 48 speeches at 300k a pop. Maybe Goldman can chuck in a few dollars for her to make up the difference. Or the law firm pushing this ridiculous lawsuit. After all, they already paid her $900k. Maybe she can give some of that to the judge so he can create a few more La Raza scholarships for illegals. After all, we all know somebody like him loves Trump.

LOL - and Trump's the fraudster here.

 

[LegendKiller]

You heard it here first folks! Paid speeches are fraud!

You know what else is a fraud? The book you got your info from.

You may now continue with your triggered response.

Lol, deny deny deny.

 

[fskimospy]

Lol, deny deny deny.

The irony in this post is amazing.

Trump conned those poor people just like he's conning you right now. The playbook is almost identical for both scams and you somehow didn't notice.

I guess there really is a sucker born every minute.

 

[brycejones]

Lol, deny deny deny.

Start a thread about her alleged fraud. You trying to duhflect from the subject of the thread is just sad and lame.

 

[LegendKiller]

The irony in this post is amazing.

Trump conned those poor people just like he's conning you right now. The playbook is almost identical for both scams and you somehow didn't notice.

I guess there really is a sucker born every minute.

And you forget the main point. We are all being conned by the entire political class.

That some people took seminars/classes that cost a lot of money were encouraged to lever up to buy property isn't new. Not a great idea but not new.

I still fail to see how that was any different than being the chancellor of a school that charged 60k/yr for a dubious degree. I am assuming that the 60k/yr wasn't paid for by using leverage. Ohh, that isn't a great assumption, is it.

I would say the only person that isn't a con man is bernie. He actually believes in what he is selling. What he is selling is ruinous, but at least he isnt trying to cash in.

 

[Fanatical Meat]

Hillary rips Trump as a fraud-

http://www.cnn.com/2016/06/01/politics/hillary-clinton-trump-university/

It's a solid counter to the "can't trust Hillary" bullshit.

She knows how to start a fight, that's for sure.

Jhhnnn you're usually a bit over the top on issues to me but you are correct here. Hillary should adopt "Trump U" more often, use it as a name for Trump like "his budget is about to Trump U"
Sounds like a swear word but doesn't sound odd when Hillary says it

 

[LegendKiller]

Start a thread about her alleged fraud. You trying to duhflect from the subject of the thread is just sad and lame.

It's not duhflecting. I don't deny that Trump u was terrible. i have said many times on here that all for profit schools should be either shut down or completely eliminated from government grants and loans.

I just think it is disengenuous for hillbilly to use it against Trump when she herself has massively benefitted from the same exact schemes.

Further, I find it suspicious that the firm pushing this has such close ties to her and the judge doesn't exactly seem impartial.

 

[emperus]

And you forget the main point. We are all being conned by the entire political class.

That some people took seminars/classes that cost a lot of money were encouraged to lever up to buy property isn't new. Not a great idea but not new.

I still fail to see how that was any different than being the chancellor of a school that charged 60k/yr for a dubious degree. I am assuming that the 60k/yr wasn't paid for by using leverage. Ohh, that isn't a great assumption, is it.

I would say the only person that isn't a con man is bernie. He actually believes in what he is selling. What he is selling is ruinous, but at least he isnt trying to cash in.

And so you want to elect someone who is actually a Conn Artist? Trump U was a conn perpetrated by Trump. He didn't tangentially benefit from it, he oversaw it. No amount of deflection will change that.

 

[fskimospy]

And you forget the main point. We are all being conned by the entire political class.

That some people took seminars/classes that cost a lot of money were encouraged to lever up to buy property isn't new. Not a great idea but not new.

I still fail to see how that was any different than being the chancellor of a school that charged 60k/yr for a dubious degree. I am assuming that the 60k/yr wasn't paid for by using leverage. Ohh, that isn't a great assumption, is it.

Well let me count a few ways that come to mind right off the bat.

- Trump said he was 'hand picking' the instructors in advertisements for his university. This was a lie, and is false advertising.
- Trump said those instructors would be 'the best, really great'. Not only did his scam university make no effort to verify the credentials of those instructors, some of his 'really great' instructors had recently declared bankruptcy because of failed investments in real estate.
- Trump University encouraged its students to commit credit fraud.

I could go on and on and on. There is a reason why Trump University is facing numerous fraud lawsuits and other for profit colleges aren't. It's because Trump University was a uniquely blatant con job.

I would say the only person that isn't a con man is bernie. He actually believes in what he is selling. What he is selling is ruinous, but at least he isnt trying to cash in.

Keep trying to make an equivalence where one doesn't exist. I wonder if it isn't dawning on you at this point just what a catastrophically bad presidential candidate Trump is.

 

[fskimospy]

It's not duhflecting. I don't deny that Trump u was terrible. i have said many times on here that all for profit schools should be either shut down or completely eliminated from government grants and loans.

I just think it is disengenuous for hillbilly to use it against Trump when she herself has massively benefitted from the same exact schemes.

Further, I find it suspicious that the firm pushing this has such close ties to her and the judge doesn't exactly seem impartial.

On what possible grounds would you call the judge's impartiality into question? That he's part of a Hispanic law association?

 

[LegendKiller]

On what possible grounds would you call the judge's impartiality into question? That he's part of a Hispanic law association?

LA raza, scholarships to illegals.

 

[LegendKiller]

Well let me count a few ways that come to mind right off the bat.

- Trump said he was 'hand picking' the instructors in advertisements for his university. This was a lie, and is false advertising.
- Trump said those instructors would be 'the best, really great'. Not only did his scam university make no effort to verify the credentials of those instructors, some of his 'really great' instructors had recently declared bankruptcy because of failed investments in real estate.
- Trump University encouraged its students to commit credit fraud.

I could go on and on and on. There is a reason why Trump University is facing numerous fraud lawsuits and other for profit colleges aren't. It's because Trump University was a uniquely blatant con job.



Keep trying to make an equivalence where one doesn't exist. I wonder if it isn't dawning on you at this point just what a catastrophically bad presidential candidate Trump is.

I'd be interested to know about the credit card fraud. Do you have details on that?

 

[fskimospy]

I'd be interested to know about the credit card fraud. Do you have details on that?

Already posted in this thread:

https://assets.documentcloud.org/documents/2648169/People-v-Trump-University-Affirmation.pdf

Page 52:

Trump University even provided handouts with scripted talking points for students to use in their phone calls with credit card companies, explicitly encouraging people to falsify their current income, "add[ing] projected income from our future real estate venture," and to deceive credit card companies by declaring income streams from corporate entities that had not been created, with the script telling students: "If they ask you to prove income, inform them that it will be too much trouble to put all the paperwork together."

Deliberately falsifying income in order to increase your credit limit is credit card fraud, plain and simple. They were telling their students to commit a crime. Yes this is from the state's complaint against Trump University but it directly references and quotes from Trump University documents.

I would actually encourage you to read the entire complaint. The sheer number of scammy things going on at that place is staggering.