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ashling

(25,771 posts)
Wed Dec 30, 2015, 11:56 PM Dec 2015

Judge Holds Trump Liable For Unlicensed 'Trump University'

http://crooksandliars.com/2015/12/judge-holds-trump-liable-unlicensed-trump

Donald Trump is personally liable for operating a for-profit investment school without the required license, a New York judge ruled in a lawsuit brought by the New York Attorney General against the real estate entrepreneur.

The decision came in an ongoing lawsuit filed last year by New York Attorney General Eric Schneiderman that accuses Trump of misleading more than 5,000 people who paid between $1,495 and $35,000 to learn Trump's real estate investment techniques.

...
Still, lots of people seem to want a Scammer-in-Chief, whether it's Trump, Huckabee, or anyone else in the GOP field.
11 replies = new reply since forum marked as read
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Judge Holds Trump Liable For Unlicensed 'Trump University' (Original Post) ashling Dec 2015 OP
Trump likes to talk a lot gratuitous Dec 2015 #1
His followers will probably admire him for pulling off this scam. Chemisse Dec 2015 #2
Worse yet. They'll think Trump is the victim of an 'activist judge' progressoid Dec 2015 #4
Rich = above the law. Gregorian Dec 2015 #3
I can picture Trump now,... Spitfire of ATJ Dec 2015 #5
The judge is obviously a loser rpannier Dec 2015 #6
A fool and his money are soon parted. LS_Editor Dec 2015 #7
While technically Trump may be liable for the penalty, I doubt he *personally* is responsible. no_hypocrisy Dec 2015 #8
If he personally made the misrepresentations, then he would be Sanity Claws Dec 2015 #10
Trump was ripping off people Gothmog Dec 2015 #9
R#49 & K for, bwah-ha-HAH!1 n/t UTUSN Dec 2015 #11

gratuitous

(82,849 posts)
1. Trump likes to talk a lot
Thu Dec 31, 2015, 12:01 AM
Dec 2015

I wonder if he'll be talking about this? Will any of his courtiers in the political press dare ask him about it?

Chemisse

(30,813 posts)
2. His followers will probably admire him for pulling off this scam.
Thu Dec 31, 2015, 12:11 AM
Dec 2015

It won't occur to them that they could've been the victims themselves.

rpannier

(24,329 posts)
6. The judge is obviously a loser
Thu Dec 31, 2015, 01:47 AM
Dec 2015

The worst judge ever
Probably had lunch with Trump and then showed off to all his friends that he was with The Donald

At least that is probably how trumpf will tell it

no_hypocrisy

(46,114 posts)
8. While technically Trump may be liable for the penalty, I doubt he *personally* is responsible.
Thu Dec 31, 2015, 08:22 AM
Dec 2015

Anyone in business engages in projects using the cover of entities, such as corporations or limited liability companies, so that if anything goes south, the entities have to pay, not the individual person behind the entity. In other words, Donald Trump personally is not likely going to pay the "students" of Trump "University", but the company behind TU will have to cough up the money. The exception to this would be if the entity was fraudulently set up (possible, but another argument for another day) or engaged in criminal activity (a possibility).

Sanity Claws

(21,849 posts)
10. If he personally made the misrepresentations, then he would be
Thu Dec 31, 2015, 05:14 PM
Dec 2015

Personally liable. That is another possible scenario.
The article says he is personally liable but does provide a link to the decision to find out the basis.

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