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The Boston Globe

Business

N.Y. AG accuses Donald Trump’s institute of fraud

NEW YORK — Donald Trump has been sued by New York Attorney General Eric Schneiderman over claims the billionaire operated a fraudulent online educational institute that swindled students out of $40 million.

Trump University, now known as the Trump Entrepreneur Initiative, operated as an unlicensed educational institution and misled students with promises they would gain real estate investing expertise, according a copy of the petition provided by Schneiderman’s office.

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