Real Estate Tycoon Donald Trump Fights Phony University Claim

Trump accused of bilking students out of thousands of dollars with real estate school.
1:52 | 08/25/13

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Real Estate Tycoon Donald Trump Fights Phony University Claim
That brand new lawsuit taking on trump after some students but it -- 35000 dollars to attend trump university. Some of them are now suing here's ABC's Lindsay Janice. On the apprentice billionaire real estate mogul Donald Trump offers one lucky contestant the opportunity to learn from him not -- -- get along with -- people. You may be successful but it's going to be a lot more but it's not the first time he's offered to teach the secrets of six -- We -- success that's what it's all about success. Tonight -- being sued by New York's attorney general. Who says he was making false promises to thousands of students who took his investment courses. A lawsuit filed late Saturday alleges -- operated his school without a license for six years recruiting 5000 people through an elaborate. Bait and switch. We have professors -- adjunct professors are. Absolutely terrific. Promising them the chance to become rich only if they spent up to 35000. Dollars on his exclusive classes and -- -- programs. They were fleeced they were taken they were convinced by very persuasive motivational speakers and videos of trump. They didn't get any secrets they didn't get any mentor ship they didn't get anything -- Claiming 98% of former students -- status. Fight with their courses the -- school did drop the term university has requested by the state and when he tend to -- and other defendants including the former president of the school are being sued for forty million dollars in restitution. For the former students plus potentially tens of millions of dollars in penalties.

This transcript has been automatically generated and may not be 100% accurate.

{"id":20063401,"title":"Real Estate Tycoon Donald Trump Fights Phony University Claim","duration":"1:52","description":"Trump accused of bilking students out of thousands of dollars with real estate school.","section":"WNT","mediaType":"Default"}