State of New York lowers the hammer on 'Trump University'

The attorney general of the state of New York is suing Donald Trump for $40 million, saying he ran a bogus "university" that promised to make students rich, but simply offered an array of expensive seminars. The kicker: students never even got a chance to meet Trump, but only have their picture taken next to a life-sized cutout of the Donald. Politico: 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." A spokeswoman for Trump did not immediately...(Read Full Post)