Sat, Apr 19, 2014, 4:45 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Wal-Mart Stores Inc. Message Board

  • bluecheese4u bluecheese4u Aug 25, 2013 3:02 PM Flag

    New York Sues Donald Trump For $40 Million

    New York Sues Donald Trump For $40 Million

    By MICHAEL GORMLEY 08/24/13 11:11 PM ET EDT AP
    2,434Share
    447Tweet

    ALBANY, N.Y. -- New York's attorney general sued Donald Trump for $40 million Saturday, saying the real estate mogul helped run a phony "Trump University" that promised to make students rich but instead steered them into expensive and mostly useless seminars, and even failed to deliver promised apprenticeships.

    Trump shot back that the Democrat's lawsuit is false and politically motivated.

    Attorney General Eric Schneiderman says many of the 5,000 students who paid up to $35,000 thought they would at least meet Trump but instead all they got was their picture taken in front of a life-size picture of "The Apprentice" TV star.

    "Trump University engaged in deception at every stage of consumers' advancement through costly programs and caused real financial harm," Schneiderman said. "Trump University, with Donald Trump's knowledge and participation, relied on Trump's name recognition and celebrity status to take advantage of consumers who believed in the Trump brand."

    But Trump's attorney accused Schneiderman of trying to extort campaign contributions from the real estate mogul through his investigation of Trump. Attorney Michael D. Cohen told The Associated Press on Saturday that Schneiderman's lawsuit was filled with falsehoods. Cohen said Trump and his university never defrauded anyone.

    He said Trump University provided nearly 11,000 testimonials to Schneiderman from students praising the program and said 98 percent of students in a survey termed the program "excellent."

    "The attorney general has been angry because he felt that Mr. Trump and his various companies should have done much more for him in terms of fundraising," Cohen said. "This entire investigation is politically motivated and it is a tremendous waste of taxpayers' money."

    State Board of Elections records show Trump has spent more than $136,000 on New York campaigns since 2010. He contrib

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
WMT
77.66+0.44(+0.57%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST