Trump and His Children Accused of Investment Scams in Lawsuit
- Victims lost hundreds of thousands of dollars each, suit says
- Trump Organization says complaint aims for partisan advantage
President Donald Trump
Photographer: Yuri Gripas/BloombergThis article is for subscribers only.
Video phones no one wanted, dubious vitamins and plagiarized real estate tips. In the years before Donald Trump successfully pitched his presidency, that’s what he was pitching to working-class investors who would lose hundreds of thousands of dollars each, a new lawsuit claims.
Trump and his three eldest children spent more than a decade operating a large and complex enterprise designed to cheat needy people seeking to invest in their education or start a business, according to the suit, which was filed Monday in Manhattan federal court and proposes class action status. The complaint seeks unspecified money damages for alleged fraud and racketeering violations.