Investigative reporter Steve Brill just blew the lid off of a story which had been simmering below the surface for some time now: (read story here) Time Story.
Politicians often charge their opponents with selling snake oil when they overpromise. But in litigation that has been meandering through court for five years, Trump is being accused of actually selling snake oil… The snake oil or adulterated juice that Trump is accused of selling has to do with Trump University, a series of adult-education classes offering Donald Trump’s real estate investing methods and secrets. At its core, the accusation is that the name was deceptive on both counts: there were no distinctive Trump methods or secrets actually provided. And despite its use of terms like professors, adjunct professors and tuition, it was never a university.
It seems that this was no small, insignificant scam either:
The records indicate, for example, that Trump University collected approximately $40 million from its students–who included veterans, retired police officers and teachers–and that Trump personally received approximately $5 million of it, despite his claim, repeated in our interview, that he started Trump University as a charitable venture.
I think you get the hang of it. It’s a long story, but thought it should get as much visibility as possible. The current issue of “Time” with this in it has only been out a few days now. But, I haven’t heard any murmurs elsewhere in the media about it yet.
Hopefully that will change in due course...