Trump Institute faces accusations of misleading customers

Seminar business oversold the Donald’s involvement: report

New York /
Jun.June 29, 2016 06:48 PM

Trump Institute, a little-known seminar business with ties to Donald Trump, is facing accusations of misleading its customers, the New York Times reported. 

The allegations come as the developer and Republican presidential candidate battles a lawsuit over another education venture, Trump University.

Trump Institute was launched in 2005 by Irene and Mike Milin and offered customers who paid up to $2,000 to attend seminars across the country to learn Trump’s “wealth-creating secrets and strategies,” the Times reported. Trump himself never owned the business, but allowed the Milins to use his name and appeared in advertising for the program in return for a fee, the newspaper said.

“I put all of my concepts that have worked so well for me, new and old, into our seminar,” he said in a 2005 video, according to the Times. “I’m teaching what I’ve learned.” The Institute also told its customers that Trump himself picked its teachers – which the Times claims was not the case.

According to the newspaper, Trump had little actual involvement in the business. Part of its education materials, supposedly based on Trump’s “wisdom”, were actually plagiarized from an obscure 1995 real estate textbook. The couple running the business had been accused of fraud and deceptive business practices before, according to the Times.

“That Trump Institute, what criminals they are,” retired court reporter Carol Minto, who attended one 2009 class and ultimately won a refund with the help of two state attorneys, told the Times. “They wanted to steal my money.” [NYT]Konrad Putzier 


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Allen Weisselberg and Manhattan District Attorney Cy Vance (Getty)
Feds subpoena Trump CFO’s personal bank records
Feds subpoena Trump CFO’s personal bank records
From left: Joshua Kushner and Karlie Kloss; Melania and Donald Trump; Ivanka Trump and Jared Kushner; and Tiffany Trump (Getty Images)
Here’s where Trumpworld has put down roots in South Florida
Here’s where Trumpworld has put down roots in South Florida
Gil Dezer (Photos by Sonya Revell)
The Closing: Gil Dezer
The Closing: Gil Dezer
Paul Manafort and 174 Jobs Lane (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal)
Chicago bank sues Manafort to foreclose on Hamptons mansion
Chicago bank sues Manafort to foreclose on Hamptons mansion
Seven Springs in Westchester and Donald Trump (Trump Organization, Getty)
Seven Springs investigation heats up in broader probe of Trump
Seven Springs investigation heats up in broader probe of Trump
Donald Trump with sons Eric and Don Jr. and 1125 South Ocean Boulevard (Getty, Google Maps/Illustration by Alexis Manrodt for The Real Deal)
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Trump lists beachfront mansion next to Mar-a-Lago for $49M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...