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NY Sues 'Trump University' and its Get-Rich Claims

NY Sues 'Trump University' and its Get-Rich Claims
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Students Paid Up to $35,000 for Seminars

New York's attorney general is suing Donald Trump for $40 million, saying the real estate mogul helped run a phony "Trump University" that promised to make students rich but instead steered them into expensive and mostly useless seminars.

Attorney General Eric Schneiderman says many of the 5,000 students who paid up to $35,000 thought they would at least meet Trump. Instead, Schneiderman says all they got was their picture taken in front of a life-size picture of Trump.

Schneiderman is suing the program and Trump, accusing them of engaging in persistent fraud, illegal and deceptive conduct and violating federal consumer protection law. He seeks the $40 million mostly to pay restitution to consumers.

There was no immediate comment from Trump's spokeswoman Saturday.