Louis Piatt still regrets the day he signed up for Trump University. The Monroe, Iowa retiree says he was duped into squandering more than $11,000 on real estate seminars and workshops.
While Piatt lost money, Trump himself made millions. Trump University paid Donald J. Trump, the Republican presidential frontrunner, $5 million out of some $40 million received by the university from 2005 to 2010, court records show.
There are at least three active lawsuits against Trump and Trump University – one by the New York Attorney General’s Office and two related California class actions. Trump has said he has returned his $5 million in fees to the university, but the entity has yet to repay most of its former students. —Red State
Trump is a con man, and we are the collective mark. You see this by looking at his penchant for screwing over the little people—whether via Trump U, the Polish Brigade, Atlantic City, Kelo, or even H-2B visas, just pick your poison.
What if you had invested $100 in the stock of Trumps company (first called) Trump Hotels and Casino Resorts, in June 1995, when it when public? You would now be worth … hold your breath … $15. Had you invested in the Vanguard Total US Market Index Fund, you’d be worth $255. That’s 17 times mores. Now Trump wants you to buy stock in his presidency.
But make no mistake. Trump’s casinos were good for his brand and he makes tons of money off his brand. The same will be true if runs America into the ground — or even if he loses the election after getting the Republicans to buy him a billion dollars worth of free publicity.