Trump robbed the elderly of their retirement savings through his Trump University scam. Is that any different than mugging them on the street?
WTF?????
Trump University Staffers Describe 'Fraudulent Scheme' in Court Documents
A pair of former employees of Trump University, the for-profit real estate school launched by presumptive Republican presidential nominee Donald Trump, described the courses as a "fraudulent scheme" focused on making money rather than educating students in court testimony released Tuesday night.
"Based upon my personal experience and employment, I believe that Trump University was a fraudulent scheme, and that it preyed upon the elderly and uneducated to separate them from their money," Ronald Schnackenberg, a Trump University sales manager from 2006-2007, said in his testimony.
http://zhlaw.com/wp-content/uploads/2015/02/Trump-Third-Amended-Complaint.pdf
Trump U preys on the elderly.
This is the biggest SCAM I’ve ever seen! My 82 year old father went to a free seminar promising to make him rich through real estate. The seminar was solely for the purpose of upselling him into attending a $1500 three day workshop by promising him they would teach him how to buy and sell foreclosures for huge profits (which is totally unrealistic because the vast majority of foreclosures today are because people are upside down in their homes) Anyway, he goes to the 3 day workshop and when he comes home we find out that they pressured him into spending $35k MORE! I don’t care who you are there is no real estate course worth $35k. Then he proceeds to tell us how the majority of people there were SENIORS like him! tricked into thinking they can make a quick profit!
If this isn’t the definition of preying on the elderly then I don’t know what is.
http://www.trumpuniversitylitigation.com/Content/Documents/Cohen Complaint.pdf
Throughout, the instructor portrays him or herself as knowledgeable in the Donald Trump way of investing and that he or she is close to Defendant Trump through firsthand accounts of Defendant Trump.
The instructor also plays on the fears of the audience, which includes a significant percentage of senior citizens. "How many of you lost a lot of your 401k investment in the market? How many of you are retired or want to retire? How many of you want to leave a legacy or property to your children or grandchildren?"
The speaker encourages attendees, including the elderly, to cash out their 401K' s or increase their credit limits so they can supposedly make a higher return on their investments in the foreclosure market.