Trump and his Trump Organization RICO suit: pyramid scheme near denial

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ABC News / YouTube Donald Trump  s Children Ivanka...
ABC News / YouTube

The Trumps involved in a pyramid scheme?

Say it ain’t so, it’s not like he created a fake university… oh wait.

It’s not like they’ve been involved in money laundering, bribery, payoffs, tax evasion or even… lying.

And Trump even pimped the scheme on Celebrity Apprentice.

A civil RICO suit has been brought against The Trump Organization, Donald Trump, Donald Trump Jr., Eric Trump and Ivanka Trump in United States District Court for their participation in a pyramid scheme

This is the pyramid scheme Trump said he didn’t get paid to endorse. (He was actually paid millions.)

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Probably goes without saying but the pyramid scheme Trump was promoting was not a good investment. Montana reported that in one year its residents paid ACN $234,812 in fees and earned $16,615 in commission

Haberman frames it as a possible partisan ploy, even as so many people got bilked in a MLM scheme including vitamins and investment seminars.

A new lawsuit accuses President Trump, his company and three of his children of using the Trump name to entice vulnerable people to invest in sham business opportunities.

Filed in federal court in Manhattan on Monday, the lawsuit comes just days before the midterm elections, raising questions about whether its timing is politically motivated. It is being underwritten by a nonprofit whose chairman has been a donor to Democratic candidates.

The allegations take aim at the heart of Mr. Trump’s personal narrative that he is a successful deal-maker who built a durable business, charging he and his family lent their name to a series of scams.

The 160-page complaint alleges that Mr. Trump and his family received secret payments from three business entities in exchange for promoting them as legitimate opportunities, when in reality they were get-rich-quick schemes that harmed investors, many of whom were unsophisticated and struggling financially.

Those business entities were ACN, a telecommunications marketing company that paid Mr. Trump millions of dollars to endorse its products; the Trump Network, a vitamin marketing enterprise; and the Trump Institute, which the suit said offered “extravagantly priced multiday training seminars” on Mr. Trump’s real estate “secrets.”

The full complaint is here

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4 Comments on "Trump and his Trump Organization RICO suit: pyramid scheme near denial"

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Lone Wolf
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Lone Wolf

Oh my, please no! He just couldn’t be unethical, could he??? And a low life snake oil carpetbagging con man, lying two faced bastard, thief, money launderer, bigot, racist, hatemonger, eh?

Alfred Higgins
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Alfred Higgins

Don’t hold back, Lone Wolf. Tell us what you really think about tRump!

Rick Bevilacqua
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Rick Bevilacqua

With all the lawsuits, lies, despicable statements, rallies, divisiveness, race-baiting, collusion, obstruction, treachery, and on and on…please tell me how anyone can vote for this greedy, evil ignorant moron? Oh, just the stupid, bigoted, uneducated, hypocritical evangelical people living in America. And calling them what they are makes me an elite? So be it.

Robert Burnett
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Robert Burnett

The Grifter-in-Chief and his grifting brats. Wish they would lose everything, so they could find out the hard way how honest people live.