The Washington Post did the same exact thing with Kaplan University.
Kaplan kept them afloat for years, on the backs of dumb kids burying themselves in debt for a useless “education.”
That educational venture using Trump’s name gives classes that promised to teach students how to flip homes for profit. It was the Trump Entrepreneur Initiative, a business owned by the Donald himself.
They ponied up the high price ($20,000) because people had faith in Donald Trump. Most think that if this was his program, they would be learning to do real estate deals from his people who knew his techniques.
Many people will tell you that the promises made by the promoters did not pan out as they expected.
For example, I heard a couple explain on the radio how an instructor took them on a field trip to see dilapidated homes in rough Philadelphia neighborhoods, never bothering to explain how to reliably find properties to sell for a profit.
Now, A class-action lawsuit in California and an ongoing civil suit brought by New York State allege that the now-defunct Trump University, later known as the Trump Entrepreneur Institute, defrauded up to 5,000 students, who paid as much as $35,000 to learn Trump’s real-estate investment strategies and techniques.
The New York complaint alleges Trump University earned about $40 million in revenue between 2005 and 2011.
I took a Kaplan Course — learned a lot from it, but I took it for what it was.