Donald Trump is being sued by 8,000 former students in two class-action suits. They had responded to a radio ad announcing that experts handpicked by Donald Trump were coming to Oakland to teach the billionaire real-estate magnate’s best trade secrets (I quote from the San Francisco Chronicle).
But these hopefuls assert that in addition to losing thousands of dollars attempting to buy and flip real estate property, they were let down by the promised mentors who were supposed to accompany their business steps. These counselors did not return calls or offered only generic advice, and then there was silence.
The students are now broke, many having taken out second mortgages. They have rueful memories of Trump in a promotional video: “We’re gonna teach you better than the business schools are gonna teach you — and I went to the best business school,” said Trump, appearing professorial in a book-lined study. “It’s going to be a better education.”
Still quoting from the Chronicle: In the video, Trump promised “professors and adjunct professors that are absolutely terrific. Terrific people. Terrific brains. …We’re going to have the best of the best.” He said the professors “are all people that are handpicked by me.” But, according to the lawsuit, most of the instructors turned out not to be professors. “They were high-pressure salespeople that knew the real-estate lingo.” (this statement from plaintiff Mr. George Hanus of Fremont)
Further, the “University” is unchartered. Terrific. Wonder where he stands with the law on this?
I thank San Francisco Chronicle staff writer Nanette Asimov: email: email@example.com. Twitter: @NanetteAsimov.