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Trump persuaded struggling people to invest in scams, lawsuit says


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Trump persuaded struggling people to invest in scams, lawsuit says

Source: NY Times

A new lawsuit accuses President Trump, his company and three of his children of using the Trump name to entice vulnerable people to invest in sham business opportunities. 

Filed in federal court in Manhattan on Monday, the lawsuit comes just days before the midterm elections, raising questions about whether its timing is politically motivated. It is being underwritten by a nonprofit whose chairman has been a donor to Democratic candidates. 

The allegations take aim at the heart of Mr. Trump's personal narrative that he is a successful deal-maker who built a durable business, charging he and his family lent their name to a series of scams. 

The 160-page complaint alleges that Mr. Trump and his family received secret payments from three business entities in exchange for promoting them as legitimate opportunities, when in reality they were get-rich-quick schemes that harmed investors, many of whom were unsophisticated and struggling financially. 


Read more: https://www.nytimes.com/2018/10/29/nyregion/trump-acn-lawsuit.html?fbclid=IwAR2OI-RrhopcMS6eRXSs9Q-ya4i7DO7BoXFzewghP41cBrkcjXlI2urHqVg  


This lawsuit involves three Trump ORG entities that have not been sued before: ACN, a marketing company that paid Mr. Trump to endorse its products; the Trump Network, a vitamin marketing company; and the Trump Institute, which offered seminars on real estate secrets.
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2 hours ago, Mainecat said:

Trump persuaded struggling people to invest in scams, lawsuit says

Source: NY Times

A new lawsuit accuses President Trump, his company and three of his children of using the Trump name to entice vulnerable people to invest in sham business opportunities. 

Filed in federal court in Manhattan on Monday, the lawsuit comes just days before the midterm elections, raising questions about whether its timing is politically motivated. It is being underwritten by a nonprofit whose chairman has been a donor to Democratic candidates. 

The allegations take aim at the heart of Mr. Trump's personal narrative that he is a successful deal-maker who built a durable business, charging he and his family lent their name to a series of scams. 

The 160-page complaint alleges that Mr. Trump and his family received secret payments from three business entities in exchange for promoting them as legitimate opportunities, when in reality they were get-rich-quick schemes that harmed investors, many of whom were unsophisticated and struggling financially. 


Read more: https://www.nytimes.com/2018/10/29/nyregion/trump-acn-lawsuit.html?fbclid=IwAR2OI-RrhopcMS6eRXSs9Q-ya4i7DO7BoXFzewghP41cBrkcjXlI2urHqVg  


This lawsuit involves three Trump ORG entities that have not been sued before: ACN, a marketing company that paid Mr. Trump to endorse its products; the Trump Network, a vitamin marketing company; and the Trump Institute, which offered seminars on real estate secrets.

Secret payments? Call mueller... Unsophisticated?? That's racist.

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  • Trying to pay the bills, lol

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