It’s amusing to watch people latch onto something that they think is full of red meat and beat their heads against the wall pontificating on it, when there’s just no “there” there.
This is one of those times.
Let’s take the base argument: Trump University was a “per-se” fraud because it wasn’t an accredited school.
Ok, fair enough — and the name was changed to the Trump Entrepreneurship Institute following NY State having a hissy fit over the name. But folks — that’s a naming dispute, not a dispute over the substance of the material.
Schneiderman has his own take on this and is suing; I predict he’s going to lose, but I could be wrong. There’s plenty of spin involved in these allegations by the people doing the suing and quite a bit of appearance of abuse of power (in the case of Schneiderman particularly), but here’s the real problem all these suits have in common: There’s apparently a record from many, if not most, filing evaluations at the time of the seminars in which they claim to be satisfied, and which bears their signatures. In other words where are the damages if almost nobody is unhappy with what they paid for? It certainly makes for a tough road if the essence of the suit is fraud (that is, material misrepresentation that induces someone to do a thing and they suffer loss as a result.)
This post was published at Market-Ticker on 2016-03-05.
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