Trump Institute faces accusations of misleading customers

Seminar business oversold the Donald’s involvement: report

TRD LOS ANGELES /
Jul.July 01, 2016 10:30 AM

From the New York website: 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
From left: Jason Segel, Donald Trump, Shaun White White, and Dr. Dre (Credit: Getty Images)

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more
Donald Trump has sold his home in Beverly Hills (Credit: Getty Images, and Google Maps)

Trump Org sells off Beverly Hills home

Trump Org sells off Beverly Hills home
Gavin Newsom, Donald Trump and a rendering of the train

Trump derails $929M in funding for the bullet train, jeopardizing construction

Trump derails $929M in funding for the bullet train, jeopardizing construction
Donald Trump and Sam Zell (Credit: Getty Images)

Zell on Trump: President’s tax documents showing massive losses “don’t tell much of a picture”

Zell on Trump: President’s tax documents showing massive losses “don’t tell much of a picture”
President Trump said to acknowledge talks about Moscow skyscraper continued through election night

President Trump said to acknowledge talks about Moscow skyscraper continued through election night

President Trump said to acknowledge talks about Moscow skyscraper continued through election night
Trump’s “new NAFTA” deal with Canada could be relief for developers

Trump’s “new NAFTA” deal with Canada could be relief for developers

Trump’s “new NAFTA” deal with Canada could be relief for developers
Trump pal Thomas Barrack snaps up Brentwood spec home

Trump pal Thomas Barrack snaps up Brentwood spec home

Trump pal Thomas Barrack snaps up Brentwood spec home
Lisa Korbatov and Donald Trump, with local officials celebrating a 2014 groundbreaking on the Metro Purple Line Extension (Credit: Neon Tommy via Flickr, Wikimedia Commons)

Force behind campaign against Metro’s Purple Line may have a Trump card

Force behind campaign against Metro’s Purple Line may have a Trump card
arrow_forward_ios

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

Loading...