Trump and his children agree to sit for depositions in May for class action fraud lawsuit which claims they made millions from promoting ‘shady’ business opportunities – but there’s still no date for Ivanka
- Former president Donald Trump, Don Jr, Eric and Ivanka will swear out depositions on a class action lawsuit claiming they promoted bad investments
- Former Commander-in-Chief will go first on June 16, followed by Don Jr and Eric in May
- No date has been set for Ivanka
- Investors claim the family promoted a multi-level marketing company and a self-help program on ‘Celebrity Apprentice’ and other events
- Lawyers claim they got kickbacks for touting the companies
- Trump representatives say the family didn’t own the companies and aren’t responsible for bad investments
Donald Trump and his children have agreed to be deposed in a class action lawsuit charging that the family duped people into investing in allegedly dodgy companies.
Don Jr will sit for his deposition first on May 10, followed by his brother Eric on May 12 and the ex-president on June 16.
But there is still not set date for Ivanka, because ‘defendants have not yet offered a deposition date.’
Trump’s other children, Tiffany and Barron, are not named in the suit.
There has been no location set for the proceeding, according to NBCNews.
Filed in 2018, investors claim that the Trump got ‘secret’ payments from the multi-level marketing company ACN Opportunity, a vitamin and health company, the Trump Network and the Trump Institute, a business training company that would teach participants the ‘secrets to success.’
In exchange, the suit says the family would promote the businesses on ‘Celebrity Apprentice’ and other live events.
The alleged quid pro quo violated federal anti-racketeering law and mislead sales staff who lost money investing in the marketing company.
The lawsuit claims that the family raked in million on the scheme between 2005 and 2015
The lawsuit claims that the family raked in million on the scheme between 2005 and 2015.
‘Donald J. Trump told prospective investors that ‘[y]ou have a great opportunity before you at ACN without any of the risks most entrepreneurs have to take,’ and that ACN’s flagship videophone was doing ‘half-a-billion dollars’ worth of sales a year.’
Trump also told investors that he had ‘experienced the opportunity’ and ‘done a lot of research,’ and that his endorsement was ‘not for any money.’ Not a word of this was true.’
The Trumps never owned any of the companies that they touted and lawyers for the family have argued that they aren’t responsible for investors’ losses.
The Trump lawyers said that they were merely giving opinion and the statements amounted to ‘puffery,’ NBC reported.
This is one of many depositions Trump and his kids have had to sit through lately. Others include, an assault outside Trump Tower and a lawsuit claiming fraud in the Trump inauguration, according to CNN.
They are currently battling New York Attorney General Letitia James to avoid giving their sworn testimony in a civil case charging they inflated the value of their properties.
Trump sued the AG to halt the suit.
The Trumps never owned any of the companies that they touted and lawyers for the family have argued that they aren’t responsible for investors’ losses