The entire Trump family is looking at a lengthy lawsuit alleging them of engaging in years of fraud intended to rip off unsophisticated investors.
According to The New York Times, 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.”
he Times also reported that the complaint depicts the Trump Organization as “a racketeering enterprise that defrauded thousands of people.”
At the center of the lawsuit are three separate business entities: ACN, a telecommunications firm that gave Trump money in exchange for endorsing its products; the Trump Network, which was responsible for the ill-fated Trump Vitamins nutritional regimen; and the Trump Institute, a Trump University-like entity that the lawsuit claims offered “extravagantly priced multiday training seminars” that purportedly gave attendees access to Trump’s “secrets” to selling real estate.
But according to the two attorneys representing the lawsuit, Roberta Kaplan and Andrew Celli Jr., their case “connects the dots at the Trump Organization and involves systematic fraud that spanned more than a decade, involved multiple Trump businesses and caused tremendous harm to thousands of hardworking Americans.”
The entire report can be read HERE.