Trump University’s real estate advice: Surmount your fear of losing money

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When June Harris signed up for a three-day Trump University seminar, she was advised by an instructor to increase her credit card limit so she could “invest in property without touching (her) own assets.”

An instructor told those attending the seminar that “if we surmounted the fear of losing money then we would actually make money,” Vanity Fair reports, citing a court affidavit. Harris declined to sign up for a $35,000 “Gold Elite” Trump University program.

Citing those experiences and others, New York Attorney General Eric Schneiderman has since filed a $40 million lawsuit against developer and TV personality Donald Trump and his associates in the now-defunct Trump University. In filing the suit, Schneiderman claimed Trump “used his celebrity status … to convince people to spend tens of thousands of dollars they couldn’t afford for lessons they never got.”

Trump — who’s parleyed his ups and downs in the real estate business into a sideline as a reality TV show host — is known for his ego.

He’s insinuated that President Obama is behind Schneiderman’s lawsuit, telling Vanity Fair’s William Cohan that “it’s a helluva coincidence” that the complaint was filed two days after Schneiderman and Obama met face to face in upstate New York.

“I assure you I have many more important things to talk to the president about than the fact that we busted this penny-ante fraud,” Schneiderman tells Cohan. Trump, he says, “seems to be the kind of person who goes to the Super Bowl and thinks the people in the huddle are talking about him.” Source: vanityfair.com

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