New Lawsuit Alleges Investment Fraud Against Trump, the Trump Organization

On the same day President Trump called the Democrat nominee for governor of Florida, Andrew Gillum, a “thief,” the U.S. District Court for the Southern District of New York makes a more tangible move to that effect against Trump and his three oldest children.

Yeah. Irony. No, I’m not endorsing Gillum. Yuck.

Specifically, prosecutors have filed a suit against the president, as well as Donald Trump Jr, Eric Trump, and Ivanka Trump, claiming they defrauded vulnerable consumers, convincing them to invest in fake businesses.

The lawsuit filed in the U.S. District Court for the Southern District of New York on Monday was first reported by The New York Times. It alleges that Trump and his children deliberately misled consumers to invest in business opportunities and training programs offered by three consumer-facing companies in exchange for “large, secret payments.”

The three companies named were ACN Opportunity; TTN LLC, which does business as The Trump Network; and Business Strategies Group, which doing business as “The Trump Institute.”

The suit was filed by four plaintiffs, whose names are being concealed, at this time. For now, they’re simply being referred to as: Jane Doe, Luke Loe, Richard Roe and Mary Moe.

No, I didn’t make those up, but if I had, I could have come up with something better.

So, how did the alleged scam go down?

According to the lawsuit, the plaintiffs were encouraged to invest in these fake businesses by the Trump Organization. They were told there was a “reasonable probability of commercial success.” They were told that Donald Trump was personally endorsing and promoting these investments, based on his own, personal experience with them, and that he believed that they would be profitable.

Ok. Considering Donald Trump’s history of bankruptcies and failed businesses, taking investment advice from a Trump is the equivalent of taking chastity advice from Kim Kardashian or dieting tips from Michael Moore.

These four plaintiffs, Jane Doe, Luke Loe, Richard Roe, and Mary Moe must be from someplace outside of the New York, New Jersey area. I have quite a few friends there, and they all express utter disbelief when they hear someone refer to Trump as some kind of business genius.

What we know for a recent report is that Trump had the benefit of being born with the proverbial silver spoon in his mouth, because of his father’s wealth. We also know that his father kept him up, and with some shady tax practices along the way, kept his ne’er-do-well middle child from going completely belly-up, on more than one occasion.

In fact, there was a point in Trump family history when the patriarch, Fred Trump, panicked, because he saw the moves Donald was making to finagle his father’s finances in such a way that more money would flow in to prop up his failing casinos.

So, no, Donald Trump is not an economic genius. He’s a scammer.

Also from the lawsuit:

“Indeed, defendants were aware that the vast majority of consumers would lose whatever money they invested in the business opportunities and training programs the endorsed entities offered,” the 164 page complaint alleges.

No statement yet from Trump or the Trump Organization on this latest lawsuit, but then, when you’re sued as many times as the Trump’s have been sued for fraudulent activity, what more is there to say?

You can see the full lawsuit here.

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