A new federal lawsuit charges that President Donald Trump, his company, and his three eldest children—Don Jr., Ivanka, and Eric—deliberately defrauded working-class Americans by convincing them to invest hundreds or thousands of dollars in sham business opportunities and training programs.
As the New York Times reports, the 160-page complaint filed in the U.S. District Court for the Southern District of New York on Monday depicts the Trump Organization—the primary holding company for the president's vast network of businesses—"as a racketeering enterprise that defrauded thousands of people for years as the president turned from construction to licensing his name for profit."
"For more than a decade," the complaint alleges, the president and his children named in the case "have operated a large and complex enterprise with a singular goal: to enrich themselves by systemically defrauding economically marginalized people looking to invest in their educations, start their own businesses, and pursue the American dream."
The suit targets two of the president's multi-level marketing companies—ACN, which provided telecommunications services, and the Trump Network, which sold vitamins—as well as the Trump Institute, described as "a live-seminar program that purported to sell Trump's 'secrets to success' in extravagantly priced seminars."
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