NY Attorney General Wants to “Fire” Donald Trump from Education Industry

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NY Attorney General Wants to “Fire” Donald Trump from Education Industry

by Dan Brecher on September 3, 2013

While Donald Trump is well known for his antics on the air and in the boardroom, he may soon be spending some time inside a courtroom. New York Attorney General Eric T. Schneiderman recently announced that his office filed a $40 million fraud lawsuit against Trump and his business education venture, The Trump Entrepreneur Institute.

According to the suit, The Trump Entrepreneur Institute, formerly known as Trump University LLC, operated as an unlicensed educational institute from 2005 to 2011 in violation of New York education law. While State Education Department officials allegedly informed Trump, in 2005, that his school lacked the proper license and failed to meet the legal definitions of a university, Trump did not change its name until 2010.

The suit also alleges that Trump University reinforced the misperception that it was a “real university” by employing the signs, symbols, and terminology used by traditional colleges and universities. For instance, payments were referred to as “tuition,” instructors were called “faculty,” and completing course work resulted in “graduation.”

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Published In: Business Organization Updates, Finance & Banking Updates, Intellectual Property Updates, Securities Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Daniel Brecher, Scarinci Hollenbeck | Attorney Advertising

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