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Trump University Script Tells Students to Inflate Income
Source: ABC News
Trump University Script Tells Students to Inflate Income
By BRIAN ROSS MATTHEW MOSK and ALEX HOSENBALL Jun 3, 2016, 12:14 PM ET
A Trump University seminar presentation advised students to try and boost their credit card limit by inflating their income by $75,000, according to documents made public in federal court this week. The instruction, legal experts said, could amount to a lesson in bank fraud.
“If someone is encouraging people to make a false representation about their current income -- that might be an appropriate target for prosecution,” said John W. Moscow, former head of the Frauds Bureau of the New York County District Attorney’s office.
“If the caller actually does what they were told to do, that could easily be fraud,” agreed Randall M. Fox, who served as founding Bureau Chief of New York Attorney General's Taxpayer Protection Bureau.
Broad allegations of fraud swirling in three separate civil cases against Trump University have dogged the Republican presidential front-runner this week, after a federal judge in California unsealed hundreds of pages of internal documents about Trump’s educational enterprise. Trump took to Twitter Thursday to defend the embattled, now-defunct business, saying he would reopen the school once he prevailed in the courts.
An undated presentation called “Fast Track to Foreclosure Investing,” offers an inside look at how the costly real estate seminars worked and includes instructions for how to increase credit card limits, presumably to enable someone with scarce resources to invest more money in foreclosed property.
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By BRIAN ROSS MATTHEW MOSK and ALEX HOSENBALL Jun 3, 2016, 12:14 PM ET
A Trump University seminar presentation advised students to try and boost their credit card limit by inflating their income by $75,000, according to documents made public in federal court this week. The instruction, legal experts said, could amount to a lesson in bank fraud.
“If someone is encouraging people to make a false representation about their current income -- that might be an appropriate target for prosecution,” said John W. Moscow, former head of the Frauds Bureau of the New York County District Attorney’s office.
“If the caller actually does what they were told to do, that could easily be fraud,” agreed Randall M. Fox, who served as founding Bureau Chief of New York Attorney General's Taxpayer Protection Bureau.
Broad allegations of fraud swirling in three separate civil cases against Trump University have dogged the Republican presidential front-runner this week, after a federal judge in California unsealed hundreds of pages of internal documents about Trump’s educational enterprise. Trump took to Twitter Thursday to defend the embattled, now-defunct business, saying he would reopen the school once he prevailed in the courts.
An undated presentation called “Fast Track to Foreclosure Investing,” offers an inside look at how the costly real estate seminars worked and includes instructions for how to increase credit card limits, presumably to enable someone with scarce resources to invest more money in foreclosed property.
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Read more: http://abcnews.go.com/Politics/trump-university-script-tells-students-inflate-income/story?id=39589076
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