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'Trump University' sued by NY for its get-rich claims

6:57 AM, Aug 25, 2013   |    comments
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ALBANY, N.Y. -- New York's attorney general is suing Donald Trump for $40 million, 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.

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

Schneiderman filed suit Saturday against the program and Trump, accusing them of engaging in persistent fraud, illegal and deceptive conduct and violating federal consumer protection law. He seeks the $40 million mostly to pay restitution to consumers.

Donald Trump's attorney accuses New York Attorney General Eric Schneiderman of trying to extort campaign contributions from the real estate mogul through his investigation of Trump University.

Trump attorney Michael D. Cohen tells The Associated Press that Schneiderman's lawsuit against Trump and Trump University filed Saturday is filled with falsehoods. Cohen says Trump and his university never defrauded anyone.

Cohen says Trump won't be extorted by anyone, including the attorney general.

The Associated Press

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