Guess which candidate runs a fraudulent University? (NOT Trump!)

[Agit8r]

This is the same OP who claimed that no one person could own as many weapons as the Dallas shooter.

 

[bripat9643]

http://zhlaw.com/wp-content/uploads/2015/02/Trump-Third-Amended-Complaint.pdf

Trump U preys on the elderly.

This is the biggest SCAM I’ve ever seen! My 82 year old father went to a free seminar promising to make him rich through real estate. The seminar was solely for the purpose of upselling him into attending a $1500 three day workshop by promising him they would teach him how to buy and sell foreclosures for huge profits (which is totally unrealistic because the vast majority of foreclosures today are because people are upside down in their homes) Anyway, he goes to the 3 day workshop and when he comes home we find out that they pressured him into spending $35k MORE! I don’t care who you are there is no real estate course worth $35k. Then he proceeds to tell us how the majority of people there were SENIORS like him! tricked into thinking they can make a quick profit! If this isn’t the definition of preying on the elderly then I don’t know what is.


http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf

Throughout, the instructor portrays him or herself as knowledgeable in the Donald Trump way of investing and that he or she is close to Defendant Trump through firsthand accounts of Defendant Trump.

The instructor also plays on the fears of the audience, which includes a significant percentage of senior citizens. "How many of you lost a lot of your 401k investment in the market? How many of you are retired or want to retire? How many of you want to leave a legacy or property to your children or grandchildren?" The speaker encourages attendees, including the elderly, to cash out their 401K' s or increase their credit limits so they can supposedly make a higher return on their investments in the foreclosure market.

It's a complaint, moron. It isn't proof of anything.

 

[Vigilante]

BIG part of the law suit is Trump calling it a UNIVERSITY...... BUT IF YOU ARE A DEMORAT RUNNING A FAKE UNIVERSITY IN N.Y. ALL IS FORGIVEN....NOTICE THE NAME!!!!

 

[g5000]

In a promotional video for Trump University posted on YouTube, embedded in email blasts, and shown at Trump University Live Events (hereinafter, I the "Main Promotional Video"), Trump himself promised would-be student-victims:

"We're going to have professors and adjunct professors that are absolutely terrific. Terrific people. Terrific brains. Successful. The best. We are going to have the best of the best. And, honestly, if you don't learn from them, if you don't learn from me, if you don't learn from the people that we're going to be putting forward, and these are all people that are hand picked by me, then, you're just not gonna make it in terms of the world of success. And that's okay, but you're not gonna make it in terms of success."

http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf





Trump's depo here: http://zhlaw.com/wp-content/uploads/2014/12/Exhibit.pdf

FORGE: Mr. Trump, I've placed in front of you a document marked as Exhibit 481, which is an excerpt from Mr. Sexton's sworn testimony to the Office of the New York State Attorney General.
If you could, please, direct your attention to the second page, which is page 157. At line 10, Mr. Sexton is asked: "QUESTION:· And were any of those -- any of these other speakers at any of those events handpicked by Donald Trump?"
Mr. Sexton's answer: "ANSWER: None of our instructors at the live events were handpicked by Donald Trump." Do you have any basis to dispute Mr. Sexton's testimony in this regard?

TRUMP:·No. That's correct

 

[g5000]

FORGE: What I'm getting at is -- I just want to confirm one way or the other -- you did not actually do a quality control -- you, Donald Trump, personally did not do a quality control --

TRUMP: Most of that would be Mr. Sexton and his staff.

FORGE: And Mr. Sexton, he had no background in terms of buying and selling real estate for profit, did he?

TRUMP: I -- it was long time ago that I talked to him.· You're talking about many, many year ago.· But he was a -- he's a high-quality person who -- frankly, who was very much into the world of education.

FORGE: ·But as you sit here today, do you know whether or not he had any experience buying and selling --

TRUMP: It was limited.· It was limited. I think it was much more so in the school world rather than the real estate world.



FORGE: Do you have any understanding as to whether he'd ever been an actual teacher before this? And "this" being Trump University.

TRUMP: I had the information many, many years ago, and I was very impressed with him.

 

[Vigilante]

In a promotional video for Trump University posted on YouTube, embedded in email blasts, and shown at Trump University Live Events (hereinafter, I the "Main Promotional Video"), Trump himself promised would-be student-victims:

"We're going to have professors and adjunct professors that are absolutely terrific. Terrific people. Terrific brains. Successful. The best. We are going to have the best of the best. And, honestly, if you don't learn from them, if you don't learn from me, if you don't learn from the people that we're going to be putting forward, and these are all people that are hand picked by me, then, you're just not gonna make it in terms of the world of success. And that's okay, but you're not gonna make it in terms of success."

http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf





Trump's depo here: http://zhlaw.com/wp-content/uploads/2014/12/Exhibit.pdf

FORGE: Mr. Trump, I've placed in front of you a document marked as Exhibit 481, which is an excerpt from Mr. Sexton's sworn testimony to the Office of the New York State Attorney General.
If you could, please, direct your attention to the second page, which is page 157. At line 10, Mr. Sexton is asked: "QUESTION:· And were any of those -- any of these other speakers at any of those events handpicked by Donald Trump?"
Mr. Sexton's answer: "ANSWER: None of our instructors at the live events were handpicked by Donald Trump." Do you have any basis to dispute Mr. Sexton's testimony in this regard?

TRUMP:·No. That's correct

TRUMP PICKED the administrator that picked the instructors...easy and TRUTHFUL ANSWER!

 

[g5000]

Trump's co-conspirators have already testified against him. I showed some examples above. Trump is going to lose the Trump U fraud case. He is very, very lucky the judge decided to postpone the trial until after the election.

When your co-conspirators are admitting Trump U was a giant ripoff scheme to bilk the customers, a significant number of whom were the elderly, you are well and truly fucked.

And these weren't real estate experts teaching the course as Trump had promised. They weren't "the best" as Trump had promised. They weren't "professors" as Trump had promised.

One was a former salesman at Lowe's and one was a manager at Buffalo Wild Wings. This was the era when former bartenders were selling toxic mortgages to Wall Street, remember.

 

[g5000]

He's a fraud. In his deposition, he admitted he didn't hand pick the instructors. And he sure as shit didn't teach any of the courses (he promised they would learn from him personally). He hired a guy he didn't even know, who had zero real estate background, to pick the instructors. And he was unable to say under oath whether he knew if the instructors had any real estate experience!

They didn't. They had experience in sleazy sales, bilking victims.

 

[Vigilante]

Trump's co-conspirators have already testified against him. I showed some examples above. Trump is going to lose the Trump U fraud case. He is very, very lucky the judge decided to postpone the trial until after the election.

When your co-conspirators are admitting Trump U was a giant ripoff scheme to bilk the customers, a significant number of whom were the elderly, you are well and truly fucked.

And these weren't real estate experts teaching the course as Trump had promised. They weren't "the best" as Trump had promised. They weren't "professors" as Trump had promised.

One was a former salesman at Lowe's and one was a manager at Buffalo Wild Wings. This was the era when former bartenders were selling toxic mortgages to Wall Street, remember.

Is THIS like the HILLARY SCANDAL where the FBI IS INVESTIGATING HER FLAGRANT MISUSE OF CLASSIFIED DOCUMENTS, AND LIED ABOUT IT, or is this a CIVIL CASE where Trump could possibly lose a few QUID if the judgement goes against him?

 

[g5000]

"You should also bring along a trusted partner."



Tarla Makaeff purchased the three-day Trump University “Fast Track to Foreclosure Training” workshop for approximately $1,495. Two people were permitted to attend for the $1,495 price, so Plaintiff Makaeff attended with a friend and split the cost. During the three-day workshop, Plaintiff Makaeff was told to raise her credit card limit four times so she could enter in to “real estate transactions.” However, at the end of the session, Trump University revealed its real reason for pushing Plaintiff Makaeff and Class Members to extend their credit limits: to use that credit to purchase an additional $35,000 Trump seminar. Based on Defendants’ numerous misrepresentations, on or about August 10, 2008, Plaintiff Makaeff enrolled in Trump’s Gold Program for $34,995, plus the variable APR finances charges, interest fees, and late fees she had to pay her credit card company.

The day Plaintiff Makaeff signed up for the $34,995 program, James Harris immediately told Plaintiff Makaeff that he would now be personally available to her by phone and email, and shortly thereafter emailed to her “we can do a ton together.” Then, she never heard from him again.


.


After Plaintiff Makaeff complained about the lack of assistance provided by her assigned mentors, Rick McNally and Mike Kasper, Tad Lignell, the mentor with the “power team,” offered to help her personally, but then engaged in misappropriate conduct and misadvised her regarding a property in Las Vegas in which he had a personal financial interest.






In one of the two deals offered to Plaintiff Makaeff, Trump mentor Tad Lignell introduced Plaintiff Makaeff to a real estate agent, Noah Herrera of Las Vegas regarding a property purchase in Las Vegas. Lignell did not disclose to Plaintiff Makaeff that he had a financial interest in referring Trump students to Noah Herrera. The Power Team then misquoted comps to Plaintiff Makaeff. Rather than making a profit on the deal, as she would have made if the comps had been correct, she would have likely suffered a 20% loss on the transaction. When she discovered that the comps were incorrect and that she was likely to lose money on the deal, she looked for a way out. As it turned out, Mr. Lignell’s protégé fraudulently and illegally altered the real estate documents Plaintiff Makaeff had previously signed at the escrow office without Plaintiff Makaeff’s authorization or approval. As a result of this illegal and fraudulent conduct, Plaintiff Makaeff was permitted to void the transaction, which she did.





The only other real estate transaction that came Plaintiff Makaeff’s way involved a Houston property. After being told by Trump representatives that the deals “are starting to POUR IN NOW,” the only deal that came in was the Houston deal. It was outside of Trump University’s recommended guidelines for real estate investing, as it would provide only $40/month positive cash flow, and Trump’s own representative, Stephen Gilpin instructed Plaintiff Makaeff never to accept a deal under $100/month positive cash flow. Furthermore, this potential deal raised an inherent and improper conflict of interest, as it was referred by a partner (Mike Kasper) to the Trump mentor, Rick McNally, who stood to financially benefit from the deal.




http://www.trumpuniversitylitigation.com/Content/Documents/Makaeff Complaint.pdf

 

[g5000]

Misrepresentation of instructors’ and mentors’ experience

Contrary to Defendants’ representations, many of the seminar instructors and mentors were not experienced in real estate – in fact, many had little to no personal real estate experience, and most had not engaged in the vast majority of the real estate techniques they were teaching. In fact, these instructors and mentors were predominantly professional salespeople, hired for their ability to deliver a hard-sell sales presentation, and paid exclusively on commission based on the percent of sales they delivered. Trump’s best speakers earn commissions of $30,000 or more per month.

 

[Vigilante]

"You should also bring along a trusted partner."



Tarla Makaeff purchased the three-day Trump University “Fast Track to Foreclosure Training” workshop for approximately $1,495. Two people were permitted to attend for the $1,495 price, so Plaintiff Makaeff attended with a friend and split the cost. During the three-day workshop, Plaintiff Makaeff was told to raise her credit card limit four times so she could enter in to “real estate transactions.” However, at the end of the session, Trump University revealed its real reason for pushing Plaintiff Makaeff and Class Members to extend their credit limits: to use that credit to purchase an additional $35,000 Trump seminar. Based on Defendants’ numerous misrepresentations, on or about August 10, 2008, Plaintiff Makaeff enrolled in Trump’s Gold Program for $34,995, plus the variable APR finances charges, interest fees, and late fees she had to pay her credit card company.

The day Plaintiff Makaeff signed up for the $34,995 program, James Harris immediately told Plaintiff Makaeff that he would now be personally available to her by phone and email, and shortly thereafter emailed to her “we can do a ton together.” Then, she never heard from him again.


.


After Plaintiff Makaeff complained about the lack of assistance provided by her assigned mentors, Rick McNally and Mike Kasper, Tad Lignell, the mentor with the “power team,” offered to help her personally, but then engaged in misappropriate conduct and misadvised her regarding a property in Las Vegas in which he had a personal financial interest.






In one of the two deals offered to Plaintiff Makaeff, Trump mentor Tad Lignell introduced Plaintiff Makaeff to a real estate agent, Noah Herrera of Las Vegas regarding a property purchase in Las Vegas. Lignell did not disclose to Plaintiff Makaeff that he had a financial interest in referring Trump students to Noah Herrera. The Power Team then misquoted comps to Plaintiff Makaeff. Rather than making a profit on the deal, as she would have made if the comps had been correct, she would have likely suffered a 20% loss on the transaction. When she discovered that the comps were incorrect and that she was likely to lose money on the deal, she looked for a way out. As it turned out, Mr. Lignell’s protégé fraudulently and illegally altered the real estate documents Plaintiff Makaeff had previously signed at the escrow office without Plaintiff Makaeff’s authorization or approval. As a result of this illegal and fraudulent conduct, Plaintiff Makaeff was permitted to void the transaction, which she did.





The only other real estate transaction that came Plaintiff Makaeff’s way involved a Houston property. After being told by Trump representatives that the deals “are starting to POUR IN NOW,” the only deal that came in was the Houston deal. It was outside of Trump University’s recommended guidelines for real estate investing, as it would provide only $40/month positive cash flow, and Trump’s own representative, Stephen Gilpin instructed Plaintiff Makaeff never to accept a deal under $100/month positive cash flow. Furthermore, this potential deal raised an inherent and improper conflict of interest, as it was referred by a partner (Mike Kasper) to the Trump mentor, Rick McNally, who stood to financially benefit from the deal.




http://www.trumpuniversitylitigation.com/Content/Documents/Makaeff Complaint.pdf

I repeat is this a CIVIL CASE, or a CRIMINAL INVESTIGATION....and because it really means something in this thread....

 

[bripat9643]

Trump's co-conspirators have already testified against him. I showed some examples above. Trump is going to lose the Trump U fraud case. He is very, very lucky the judge decided to postpone the trial until after the election.

When your co-conspirators are admitting Trump U was a giant ripoff scheme to bilk the customers, a significant number of whom were the elderly, you are well and truly fucked.

And these weren't real estate experts teaching the course as Trump had promised. They weren't "the best" as Trump had promised. They weren't "professors" as Trump had promised.

One was a former salesman at Lowe's and one was a manager at Buffalo Wild Wings. This was the era when former bartenders were selling toxic mortgages to Wall Street, remember.

Is THIS like the HILLARY SCANDAL where the FBI IS INVESTIGATING HER FLAGRANT MISUSE OF CLASSIFIED DOCUMENTS, AND LIED ABOUT IT, or is this a CIVIL CASE where Trump could possibly lose a few QUID if the judgement goes against him?

The lefties are doing what they always do: when they get caught with their hand in the cookie jar, they take some minor quibble and try to blow it up into some tremendous scandal. The public sees the same amount of flak in the media about either issue, so they are fooled into believing the two are roughly equivalent when the reality is that the Republican issue is a nothing or a faux scandal, while the Democrat has committed crimes against humanity.

 

[g5000]

Students consistently complain that they have timely requested refunds under Trump University’s money-back guarantee, but that Trump University failed to refund them their money. In addition, Trump deliberately designed its program and cancellation policy so that once students realize they are not getting the information promised, it is too late to cancel.

http://www.trumpuniversitylitigation.com/Content/Documents/Makaeff Complaint.pdf

 

[g5000]

Defendant literally had a "PlayBook" for his Scheme and nationwide advertising campaign to mislead student-victims. The PlayBook contains a chart depicting the upsell scheme executed across the country.

Specifically, Defendant first lured consumers in with a free 90-minute Live Event called the Preview. The Preview is used to persuade students to purchase the $1,495 "one year apprenticeship" course called the Fulfillment. If student-victims purchased the Fulfillment, Defendant used the Live Event to convince them to purchase Trump University's $35,000 Gold Elite program. Even then, after investing nearly $36,500, students still do not receive Defendant Trump's "secrets" they were promised, but are constantly subjected to upsells of additional Live Events, products and books.

http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf



After paying out the ass for a one year program, the victims got a three day sales course instead

 

[Vigilante]

Students consistently complain that they have timely requested refunds under Trump University’s money-back guarantee, but that Trump University failed to refund them their money. In addition, Trump deliberately designed its program and cancellation policy so that once students realize they are not getting the information promised, it is too late to cancel.

http://www.trumpuniversitylitigation.com/Content/Documents/Makaeff Complaint.pdf

 

[bripat9643]

Misrepresentation of instructors’ and mentors’ experience

Contrary to Defendants’ representations, many of the seminar instructors and mentors were not experienced in real estate – in fact, many had little to no personal real estate experience, and most had not engaged in the vast majority of the real estate techniques they were teaching. In fact, these instructors and mentors were predominantly professional salespeople, hired for their ability to deliver a hard-sell sales presentation, and paid exclusively on commission based on the percent of sales they delivered. Trump’s best speakers earn commissions of $30,000 or more per month.

This case is a big nothing. It's a yawn. It wouldn't amount to pocket change if Trump wasn't running for President as a Republican.

 

[g5000]

Misrepresentations of “unlimited one-year mentorship”

While consumers who purchased the $35,000 seminar were promised unlimited mentoring for an entire year, in fact, Trump University told its mentors it would not pay them for more than six one-hour mentoring sessions per consumer. When one Trump University student became frustrated by the lack of any value or information the mentor was providing and asked to meet twice per week, the mentor eventually admitted that the “one year” of mentoring/consulting promised was really only six one-hour coaching sessions. Indeed, Trump University Corporate has admitted to these consumers that the fact that only 6 sessions would be provided should have been disclosed

 

[bripat9643]

Defendant literally had a "PlayBook" for his Scheme and nationwide advertising campaign to mislead student-victims. The PlayBook contains a chart depicting the upsell scheme executed across the country.

Specifically, Defendant first lured consumers in with a free 90-minute Live Event called the Preview. The Preview is used to persuade students to purchase the $1,495 "one year apprenticeship" course called the Fulfillment. If student-victims purchased the Fulfillment, Defendant used the Live Event to convince them to purchase Trump University's $35,000 Gold Elite program. Even then, after investing nearly $36,500, students still do not receive Defendant Trump's "secrets" they were promised, but are constantly subjected to upsells of additional Live Events, products and books.

http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf



After paying out the ass for a one year program, the victims got a three day sales course instead

More from the complaint. In other words, more nothing.

 

[bripat9643]

Misrepresentation of instructors’ and mentors’ experience

Contrary to Defendants’ representations, many of the seminar instructors and mentors were not experienced in real estate – in fact, many had little to no personal real estate experience, and most had not engaged in the vast majority of the real estate techniques they were teaching. In fact, these instructors and mentors were predominantly professional salespeople, hired for their ability to deliver a hard-sell sales presentation, and paid exclusively on commission based on the percent of sales they delivered. Trump’s best speakers earn commissions of $30,000 or more per month.

<YAWN!>