New York Attorney General Eric Schneiderman sits down with Jansing and Co. to discuss the $40 million lawsuit he filed against Donald Trump's for-profit school.
New York Attorney General Eric Schneiderman called Trump University–now Trump Entrepreneur Institute–a “scam from beginning to end,” Monday on Jansing & Co.
Students paid up to $35,000 to attend the school on the promise of an education that would lead to great riches. But Schneiderman filed a $40 million lawsuit on behalf of the state of New York against the school, alleging it deceived students.
“They did everything wrong….The thing was a scam from beginning to end,” he said.
The Trump Entrepreneur Institute, Schneiderman said, was not registered as a university, had non-certified teachers that had never met Trump, and utilized Xeroxed copies of magazine articles that were flaunted as insider information from lenders.
Trump has fired back, calling Schneiderman a “political hack” who is simply looking for more campaign donations. The mogul has also said he didn’t mislead anyone.
Schneiderman said that Trump did contribute money to his 2010 campaign after he had won the Democratic primary. But, he said those allegations are a distraction.
“The facts of the complaints speak for themselves. This was a massive fraud,” Schneiderman said, “This was a bait and switch scheme, this was not a university, people were not taught real estate secrets, it was a fraud.”