Judge rejects Trump's bid to stay lawsuit accusing his family of promoting "pyramid scheme"

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The suit alleges members of the Trump family "conned" victims into "devastating and life-altering" financial losses


Igor Derysh
May 19, 2020 5:13PM (UTC)

A federal judge on Monday rejected President Donald Trump's bid for a stay in a class-action lawsuit accusing him and his eldest children of engaging in a pyramid scheme.

District Judge Lorna Schofield ruled the lawsuit can move ahead despite Trump's lawyers asking for a stay, Newsweek first reported. The lawsuit, which was filed by four anonymous complainants in 2018, alleges that Trump, Donald Trump Jr., Eric Trump and Ivanka Trump are guilty of fraud, false advertising and unfair competition stemming from their involvement with multi-level marketing company ACN. Schofield rejected additional charges of racketeering and conspiracy last year.

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The lawsuit alleges that Trump's dealings with ACN, a "get-rich-quick scheme," spanned from the mid-2000s until shortly before he kicked off his presidential bid. It further alleges that Trump and his family never disclosed their relationship with ACN as they bilked potential investors out of millions by claiming they had a "reasonable probability of success" if they invested hundreds of thousands more to participate.

"The Trumps conned each of these victims into giving up hundreds or thousands of dollars — losses that many experienced as a devastating and life-altering," the suit claims. "Surely the Trumps dismissed these amounts (and the lives they wrecked) as trivial. But by defrauding so many for so long, the Trumps made millions."

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https://www.salon.com/2020/05/19/judge-rejects-trumps-bid-to-stay-lawsuit-accusing-his-family-of-promoting-pyramid-scheme/

[leftieNanner]

1. He needs to start losing more of these cases

For him to understand that he will be held accountable.

It will also drive him crazy, which is another added bonus.

Although, with the HQC that he's "taking", how will we know when he's crazy?

[Frustratedlady]

2. Female judges don't seem to be swayed by the Trump family and their reasoning.

I wonder how many lawsuits are out there and going through the appeal process?

I hope I am able to live long enough to see at least one of them come down on the family. So many people hurt and so many have had to give up the fight. I'm sure that's the Trump family's goal by all these appeals.

Trump has taught his children well. At least by his standards.

[Mike 03]

3. What I wouldn't give to see those Deutsche Bank documents

It's going to turn out that Trump's entire life has been a two-track lie: 1) Pyramid schemes 2) Laundering Russian money

[smirkymonkey]

4. K&R