What Donald Trump said under oath about Trump University

Mar 05, 2016, 01:44

Established in 2005, the for-profit Trump University was a program that taught students real estate investing techniques. Trump defended each of his responses, and launched into explanations of why he said what he did.

"The name sounds familiar, but it's too many years", he said when asked about the next name. According to PolitiFact, Trump University received ratings ranging from A+ through D- from the BBB throughout its existence.

However, Schneiderman said evidence in the case makes clear that Trump was not involved in hiring instructors, and that he didn't create the program's curriculum.

In Makaeff v. Trump University, a class-action lawsuit filed in federal court in southern California, the plaintiffs accuse Trump U. of "taking advantage of these troubled economic times to prey on consumers' financial fears for its own financial gain". One filed in 2010, involving hundreds of students and the New York State Attorney General that he defrauded students, two from San Diego, who paid anywhere from $1,500 to $35,000 to learn Trump real estate principals form the "best".

He claimed the vast majority of student's had been satisfied by their experience.

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A $40 million lawsuit filed by New York Attorney General Eric Schneiderman and two class-action lawsuits filed by former students remain pending.

Republican primary voters should ask themselves if they really want to bet the White House on Donald D-minus Trump, a candidate who faces three major fraud lawsuits, including allegations of running a Racketeer Influenced and Corrupt Organization.

In 2010, Trump University changed its name to "Trump Entrepreneur Initiative", five years after the New York State Education Department warned the company that its use of the "university" moniker without an NYSED license was unlawful.

"Did you do anything personally to confirm the expertise of any of the Trump University mentors?" In a deposition, Sexton described this as "an oversight", and something that he and Trump "forgot" about.

In fact, he said the high refund rate proves the school was "honorable". He said it was a normal part of doing business, comparable to what a retailer like the Home Shopping Network has to pay.

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To date, few students have gotten their money back. What you are arguing about is whether or not this reflects on his ability to be frank and honest with the American public.

Being required to sit for a sworn deposition in the middle of a presidential political campaign presents obvious political peril.

Forge then clicked off 49 names, asking Trump if he could identify if they had been students at the school or instructors.

"If you're talking about someone who you're looking at the be president, I think the issue of credibility is very important", Schneiderman said on CNN.

The troubled building, just across the street from the New York Stock Exchange, continued to change hands, however, for increasingly smaller sums of money, until Donald Trump purchased it in 1995 for "a price estimated at less than $8 million", the Times reported.

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In Thursday's Fox News debate, Trump repeated his defense of the program: that it was highly rated by its customers and the Better Business Bureau.