Gleeful Trump Slams New York AG After Online University Ruling

Saturday, 01 Feb 2014 10:16 AM

By Cynthia Fagen

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Donald Trump is gloating over a judge's ruling that slaps down New York Attorney General Eric Schneiderman's charge that his online business university was a big fraud.

His tweet says it all:

Trump, host of the NBC smash reality series "The Apprentice," was even trumpeting his victory in a tweet to Jamie Dimon, of JP Morgan Chase:

Trump was referring to charges brought by the Attorney General's office that he swindled students who were expecting to learn real estate tips by attending Trump University.

Editor's Note: 75% of Seniors Make This $152,000 Social Security Mistake

But State Supreme Court Judge Cynthia Kern determined 98 percent of the students were ineligible to pursue the case of fraud because they gave the school high marks in a written report card and said they were satisfied, Business Insider reports.

"I think it validates everything we've been saying from day one," Trump's lawyer Alan Garten told Business Insider. "That it's a waste of taxpayer money, completely politically motivated, an attempt to generate press."

He added that the judge's decision "has delivered a devastating blow" to Schneiderman's "well publicized" fight."

But the AG's office has vowed to continue its case that claims Trump University students, who were paying up to $30,000 in tuition, were swindled by false promises, including a meet and greet with Trump. Instead, they reportedly only got a picture with a cardboard cutout.

Trump's declaration of victory may be short-lived. The judge ruled that fraud claims are subject to a six-year statute of limitations and that "petitioner's claims for fraud … are timely and remain as claims in this proceeding."

"Today’s decision affirms the propriety of our fraud case against Donald Trump and his sham university," said AG spokesperson Damien LaVera in an email to Business Insider.

"The judge determined that our office will have the opportunity to hold Mr. Trump accountable for all of the actions outlined in our complaint.

"Mr. Trump used his celebrity status and personally appeared in commercials making false promises to convince people to spend tens of thousands of dollars they couldn't afford for lessons they never got," LaVera said. "Attorney General Schneiderman looks forward to making sure he is held accountable."

In addition, the AG says the Trump school operated without an educational license while misleading consumers into paying for courses promising to teach Trump's real estate investment techniques.

The lawsuit is seeking restitution of at least $40 million.

Editor's Note: 75% of Seniors Make This $152,000 Social Security Mistake

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