Suit Alleges Trump Endorsements Misled Consumers and Defrauded Investors
The ABA Journal reports that a would-be class action suit filed against President Donald Trump alleges he engaged in a scheme to defraud investors by promoting three companies that charged people to sell their products and learn about business opportunities, while failing to disclose the financial risk of the buy-in.
Reporter Debra Cassens Weiss writes that the suit alleges Trump didn’t disclose that he was “lavishly paid” for the endorsements, and instead led consumers to believe that his backing was based on due diligence, inside information and personal experience with the companies.
Defendants include Trump, the Trump Organization and children Donald Trump Jr., Eric Trump and Ivanka Trump.
