4/18/2015

Headline April 19, 2015/ ''' TRUMP UNIVERSITY LLC '''


''' TRUMP UNIVERSITY LLC '''




''WE'RE GOING TO HAVE PROFESSORS THAT are absolutely terrific   -terrific people, terrific brains, successful, the very best,'' Trump claimed on videos shown at the seminars.

''We're going to have the best of the best. And honestly, if you do not learn from them, if you do not learn from me .......................then you're just not going to make it-

In terms of the world of success.''

Schneiderman conceded that Donald Trump could have settled the case   -as another for-profit school......'' or

Answered the charges in a dignified manner through his attorney. Instead,''  the attorney general continued  ''he chose to try the case in the press.''

''I went to the Wharton School of Finance,'' Trump says, ''I have a great feeling for education and for knowledge and learning.........I love the idea of helping people, because I've had a lot of experience with real-estate , to put it mildly.''

Trump and his associates Michael Sexton and Jonathan Spitalny formed Trump University as a  Limited-Liability corporation in 2004. The original business plan was to focus on long-distance-

Web-based learning, but they would also be  ''experimenting''  with offering  ''live instructional programs''  to paying customers, according to Sexton's subpoenaed deposition.

The following spring, the New York State Department of Education sent letters to both Trump and Sexton notifying them that  Trump University  was in violation of state law by calling itself a  ''university''.when  ''it was not chartered as such'' and because it had not been properly  ''licensed''  by the state.

In a series of follow-up conversations and e-mails between Sexton and Joseph Frey, then a state education official Frey explained that Trump University could avoid the  ''licensure''  provision of the state law-

If it were to reincorporate outside of  New York State and if it ran no physical seminars in the state.

But  ''Trump University''  failed to abide by any of these conditions.'' the attorney general wrote.

Scheiderman claims  the  ''university''  continued to use  40 Wall Street   -one of the few buildings in Manhattan that Trump actually owns  -as its principal corporate address, including in numerous advertisements.

It furthermore conducted  ''at least fifty live programs in New York between 2006 -2011,'' Schneiderman noted that  ''Trump University LLC''  was finally renamed on May 20, 2010:

'' The Trump Entrepreneur Initiative LLC.''

In His disposition Sexton admitted that the failure to comply with stipulation was ''an oversight''  and something he and Trump  ''forgot''  about.     

Also misleading according Schneiderman, were the claims made in Trump's advertising. In one, published in 2009, Trump looks resplendent in a blue suit while standing in front of of one of the buildings that bear his name   -but not his ownership-  on Manhattan's West Side.

'Learn from Donald Trump's handpicked experts how you can profit from the largest real-estate liquidation in history,'' the ad promises.

[He was presumably not referring to the Chapter 11 filings of the the three highly leveraged hotel and casino properties he once had a stake in.]

The ad promised Trump  ''the most celebrated entrepreneur on earth.

He earned more in a day than most people do in a lifetime........And now he's ready to share.........with Americans like you  -the Trump process investing in a today's  once-in-a-lifetime real estate market.''

This was followed by a quotation from The Donald:  ''I can turn anyone into a successful real estate investor,  including YOU.''

Schneiderman argues that trump University's advertisements, Web site, and promotional materials were just an elaborate ruse. The initial  ''free seminars,'' according to the lawsuit, were  ''the first step in a bait and switch-

To induce prospective students to enroll in increasingly expensive seminars starting with the  three-day $1495 seminar  and ultimately  [for]  advanced seminars such as:

 The  'Gold Elite'  program costing  $35,000.''

The Honour and Serving of the  ''educational operational research'' continues. Thank you for reading and, I hope,  learning.

With respectful dedication to the Students of the World. See Ya all on !WOW!  -the World Students Society Computers-Internet-Wireless:


''' From The Archive '''

'''Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless

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