Suit Filed Against Trump University For Fraud

New York Attorney General Eric Schneiderman is seeking $40 million in damages.
1:49 | 08/26/13

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Transcript for Suit Filed Against Trump University For Fraud
Tonight donald trump is fighting back with all his sizable power after the new york state attorney general filed a $40 million lawsuit against him. The subject? Allegations by some people who took real estate classes at his trump university. Reporter: Whether you love him or hate him, donald trump's name sells things, but when he put his name on trump university, promising the tricks of the real estate trade -- we teach success. That's what it's all about. Reporter: New york's attorney general says it was a ripoff. They fleeced people out of $40 million. Reporter: They promised the school instructors hand picked by trump that would give secrets to riches but many students were deep in debt. The school shut down in 2011. Bob says he spent $35,000 under the impression he would get secrets, tips and a first crack at investing in trump properties. He took my self-respect and embarrassed me. Reporter: In response trump's office forwarded us this survey they say he filled out giving the program an excellent rating. If you talk with the investors with madoff, they thought he was the greatest thing that happened to them, same with mr. Trump. Because some of these people are essentially unsatisfied customers. Excuse me. We have a 98% satisfaction rate, lindsey, I know your trying to become the next big deal so when you say some of the people, why don't you talk about the 98 persi percent of the people that were happy. Reporter: Tough words from a man who doesn't shy away from a fight. Next here, moments from now, is that prince charles water

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

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