Posted on 07/04/2015 10:02:46 AM PDT by nickcarraway
Donald Trump has to put his mouth where his money is.
The Republican presidential candidate will have to answer questions under oath about his net worth - and about how much money he raked in from his now-defunct Trump University, a California federal court judge ruled this week.
Lawyers for The Donald had contended he didn't have to answer questions in a civil racketeering lawsuit about how much money he made from the "school" because he'd already acknowledged under oath that he had "significant involvement with both the operations and overall business strategy of Trump University."
In a ruling Tuesday, San Diego Federal Court Judge Gonzalo Curiel disagreed.
“Plaintiff argues that a showing that Trump invested millions of dollars in a fraudulent scheme and took millions more in profits from the scheme is relevant to Trump's motive or intent to defraud,” the judge wrote.
Therefore, “financial evidence showing Trump's motive is relevant and discoverable.”
A magistrate judge had ruled earlier in the case that Trump didn't have to answer questions about his net worth because that information was Google-able - a decision Curiel overruled.
“Publicly available figures of Trump's wealth have been the subject of wild speculation and range anywhere from $4 to $9 billion. Simply stated, plaintiffs are entitled to answers made under penalty of perjury,” the judge found.
He ordered Trump and his lawyers to answer the financial questions brought by plaintiff Art Cohen's lawyers.
Trump lawyer Jeffrey Goldman told the Daily News “we strongly disagree with the judge’s ruling,” but that the real estate baron would be deposed before Aug. 10.
Cohen's class-action suit contends he and thousands of others fell prey to a “fraudulent scheme nationwide to sell real estate seminars” by Trump.
The victims were “misled” into believing “they would learn Donald Trump's real estate secrets through him and his handpicked professors at his elite 'University.' The misleading nature of the enterprise is embodied by its very name" because it delivered “neither Donald Trump nor a University,” the suit said. Cohen said he was duped out of $36,000.
Trump denies the school was a scam. In court papers, his lawyers said Cohen “enjoyed and gained a benefit from Trump University's programs, and represented that he was pleased with Trump University's programs.”
Goldman said that in Cohen’s deposition, he said he thought the program “was well worth his money” before he heard about legal actions against the school.
In October, Trump said he still believes he’ll beat the $40 million New York action.
“As soon as this case is over, we will consider re-opening the school to all our students and hire back the teachers and others, thereby creating lots of jobs for New York,” Trump said then.
At his presidential announcement last month, Trump said his net worth was over $9 billion, but some financial experts have questioned that figure. Forbes estimated his net worth to be $4 billion.
The fact that he’s massively lying about it is relevant. You want another Obama-stylw unvetted- president.
The point is this: he’s running on idea that he can turn the country around, and his bona fides for that are his business career.
His business career involves being wealthy to start, strategic use of bankruptcy, and some fairly slick accounting, as well as nuzzling up to Democrat cronies to get deals done. That’s fine as a business career, but is no indication whatsoever that he understands macro economics.
It’s just fatuous to equate everyone who gets rich themselves with someone who can make the right decisions for the macro economy (that means everybody).
No. He’s probably not for real anyway.
So anyway, how does his position pro or anti-babykilling affect his disclosure order?
So, what's good for the gander is good for the goose.
Some of her wealth she got from her crony Trump.
Well, there you have it...all the more reason.
Are you a nut?
You think that a GOP candidate being pro-abortion, shouldn’t be mentioned on a thread about him running a money scam?
How many times are you going to repeat yourself on this thread?
“The fact that he’s massively lying about it is relevant. You want another Obama-stylw unvetted- president.”
Even the lowest estimate of Trump that I have ever seen is $140 million, and that was years ago. I’d say he has been vetted far more than Obama and he seems to be good enough for the pinheads that voted for him.
No, but you are, and a hijacker.
You think that a GOP candidate
Not so sure he is one.
being pro-abortion, shouldn’t be mentioned on a thread about him running a money scam?
No, it's not germane. Try to stick to the topic.
How many times are you going to repeat yourself on this thread?
At least a hundred, next question.
So nut it is, thanks for answering.
I have no interest in Supporting Donald Trump. I don’t think he has a Snowball’s chance in Hell of securing the Republican Nomination.
I understand what you are saying, and I already “somewhat” aware of Mr. Trumps Business and Political Dealings in the past, but I have no idea what his Motivations have been besides playing the game with those in Power to support hos Business Interests. He didn’t make the Laws, he works within the parameters set by those same Politicians, Democrat and Republican who wrote those same Laws.
If you notice, Trump has focused on Economic Policy which involves the influx of Illegal Invaders and their impact on average American Citizens. He is taking the Heat right now and his old “friends”, both Democrat and Republicans are attempting to destroy his Business and Reputation. I’m not sure how long Mr. Trump can survive the onslaught.
The fact that his arguments are resonating with the Public is at least shining the light on the Issues where the argument has always been one sided and the squishy so called Republicans like Bush are piling on.
You and I both know that Trump avoids any Social Issues while making his arguments. That is because, under the get tough Exterior, he is as big a RINO as the RINO’s that are attacking him.
The Donald Trump show is very entertaining and it at least he points out how Obama’s Economic and Immigration Policies are destroying America, but Trump will never be in a position to do anything about it.
He is just talking Truth to Power and the best we can expect is the dumb downed Electorate will wise up and support a Candidate that will actually get something done if Elected POTUS. For me, the only Republican Candidate that will be able to get the job done is Senator Ted Cruz.
The other are cowardly pretenders at best and closet Democrats at worst.
That being said, I have no intention of going back and forth on Trump’s motivations. He is very Liberal when it comes to Abortion, Guns and pretty much every Policy that a Democrat would support in a heartbeat.
I really have nothing else to say. I am not wasting my time getting into a Pissing Contest on this simply because I am not a Trump Supporter and never have been.
We can agree to disagree, but at this point I’m not even sure what we disagree about, not do I care. I’m done.
No, thank you for being an irrelevant hijacker on an unimportant topic.
Maybe next time you can find an abortion thread and talk about financial disclosure.
Wow, abortion an unimportant topic.
This isn’t DU pal, this is a pro-life site.
Read the title. That’s the topic.
LOL, Read your obsessed, repetitive posts, you have destroyed the thread, by saying the same thing, over, and over, and over, and over, and over..................
http://time.com/money/4010695/trump-university-scam-donald-trump/
http://nymag.com/daily/intelligencer/2013/08/trump-sued-for-running-scam-university.html
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