In case you were thinking about matriculating at for-profit college Trump University this year... don't?
New York Attorney General Eric Schneiderman is suing Donald Trump for $40 million, on the grounds that Trump operated a phony college that "promised to make students rich," but, instead, placed the Art of Deal disciples in "useless seminars," neglecting even to give them promised apprenticeships. And here's the kicker: Many of the 5,000 students paid up to 35k to meet with Trump. They did not meet Trump. They had their picture taken in front of a life-size Trump cutout. Seriously. You almost have to respect the cajones to pull a move like that.
Schneiderman alleges that Trump University worked under a bait-and-switch mode of business. Between 2005 and 2011, you would go in under the auspices of a free seminar, be promised future, more fruitful classes where you'd learn billionaire real estate tactics (and meet The Donald), only to instead learn bullshit from less-than-knowledgeable instructors. And get your picture taken with a cardboard cut-out.
"More than 5,000 people across the country who paid Donald Trump $40 million to teach them his hard sell tactics got a hard lesson in bait-and-switch," said Schneiderman. "Mr. Trump used his celebrity status and personally appeared in commercials making false promises to convince people to spend tens of thousands of dollars they couldn't afford for lessons they never got."
Trump and his attorney Michael Cohen deny the charges, saying they're politically motivated.