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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Art of the Swindle
http://www.theatlantic.com/politics/archive/2016/06/trump-university/485060/Predators, by and large, do not attack the strongest prey in the wild. They instead target the vulnerable, the very young, and the very oldthe prey that is least able to defend itself. Trump University, the defunct real-estate education program created by presumptive Republican nominee Donald Trump, pursued a similar approach, according to its former employees in legal documents unsealed Tuesday.
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, said Ronald Schnackenberg, a sales manager at Trump University in 2006 and 2007. Those declarations and other internal Trump University documents depict an aggressive, ethically dubious business model that targeted potential customers financial fears and socioeconomic anxieties and offered Trumps personal brand as the solutiona strategy later echoed in his presidential campaign.
In his declaration, Schnackenberg recounted meeting a couple after a live event in New York City in 2007. Apparently swayed by the presentation, they expressed an interest in purchasing a $35,000 Trump Gold Elite program, the most expensive tier available. I did not think it was an appropriate program for them because of their precarious financial conditionthey had no money to pay for the program, but would have had to pay for the program using disability income and taking out a loan based upon equity in his apartment, he testified. Trump University reprimanded me for not trying harder to sell the program to this couple. A different salesperson closed the deal with them. I was disgusted by this conduct and decided to resign, Schnackenberg said.
Schnackenberg made the declaration in September 2012about three years before Donald Trump announced his presidential bidas part of a class-action lawsuit against the businessman by former Trump University customers. The declaration and other trial documents remained under seal until Tuesday after federal judge Gonzalo Curiela newfound target of Trumps stump-speech angerordered many of them to be made public Friday in response to a public-interest motion by the Washington Post.
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The Art of the Swindle (Original Post)
AntiBank
Jun 2016
OP
I am so sick of this man and his blatant lies. He makes G.bush look like a choir boy. Jesus America.
MichiganVote
Jun 2016
#4
snagglepuss
(12,704 posts)1. to read later
Bucky
(53,997 posts)2. He really is their version of John Edwards
total con artist
TeamPooka
(24,221 posts)3. K & R nt
MichiganVote
(21,086 posts)4. I am so sick of this man and his blatant lies. He makes G.bush look like a choir boy. Jesus America.