Monday, June 27, 2022

Trump And Kids Agree To Sit For Depositions In Yet Another Fraud Case

Former President Donald Trump and his three eldest children have agreed to sit for deposits concerning a class-action civil case accusing the Trumps of fraud for pushing investors on a money-losing marketing company that sold desktop video phones.

Trump’s lawyers have said in the past that his hype of the operation was “puffery” that “no reasonable investor” would have relied on. He has also claimed that the lawsuit is politically motivated.

Trump agreed to a deposition date of June 16 after negotiations with lawyers for four investors who claim he duped them into paying thousands of dollars to become independent sellers with ACN Opportunity LLC, according to a filing Friday in Manhattan federal court, Bloomberg reported. Trump failed in 2018 to get the case dismissed.

ACN recruits paid hundreds of dollars to join and then hundreds more to attend seminars and national conventions in order to sell the product.

Donald Trump Jr. and Eric Trump will have to answer questions under oath in their deposits in May. A date for Ivanka Trump’s deposition hasn’t been scheduled, according to the filing.

It’s hardly the first time Trump — and his adult children — have been accused of fraud. Trump paid $25 million in 2017 to settle a class-action suit over Trump University, which wasn’t a university.

Tenants who lived in rent-regulated Trump-owned apartments filed an amended class-action complaint this month accusing the former president and a number of relatives of fraud and racketeering, alleging a scheme to hike tenants’ rents by charging inflated prices for major appliances.

Donald Trump Jr. and Ivanka Trump were also accused of deliberately kiting the value of condos at Trump Soho to potential buyers. A criminal investigation into that was dropped in 2011 when the Trumps agreed to refund 90% of deposits, The Guardian reported.

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Nation World News Desk
Nation World News Desk
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