The Trump Entrepreneur Initiative

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The Trump Entrepreneur Initiative
Type Privately held
Industry Education
Predecessors Trump University (name changed to The Trump Entrepreneur Initiative in June 2010)[1]
Founded May 23, 2005 (2005-05-23) (as Trump University)[2]
Founders Donald Trump
Headquarters New York City, New York, United States
Parent The Trump Organization
Website trumpinitiative.com(registration required)

The Trump Entrepreneur Initiative (formerly Trump University) is an online education company owned and founded by Donald Trump. A part of The Trump Organization, the company offers courses in real estate, asset management, entrepreneurship, and wealth creation, charging fees ranging from US$1,500 to US$35,000.[3]

It is not an accredited university or college and does not confer college credits or degrees.[4] In May 2011, the company was the subject of an inquiry by the New York Attorney General's office for "illegal business practices", which culminated in a lawsuit filed on August 24, 2013.[3]

Foundation and subsequent name change[edit]

The company was founded on May 23, 2005.[2] In June 2010, the institution officially changed its name from Trump University to The Trump Entrepreneur Initiative, after the New York State Department of Education took the view that it was "misleading and even illegal" for the institution to call itself a university.[1]

Allegations of impropriety[edit]

On August 24, 2013, the State of New York filed a $40 million civil suit against the institution (which had largely ceased operations in May 2011), alleging illegal business practices and claiming numerous "false promises" made by The Trump Entrepreneur Initiative and its representatives.[5] Donald Trump denied the allegations, claiming the school has a 98% approval rating and said New York Attorney General Eric Schneiderman is "a political hack looking to get publicity."[6] The New York Times editorial board stated that "Mr. Schneiderman’s suit offers compelling evidence of a bait-and-switch scheme."[7]

See also[edit]

References[edit]

  1. ^ a b Staff (April 19, 2010). "Trump University: No Longer a University?". The Huffington Post.
  2. ^ a b Hindo, Brian (May 23, 2005). "Trump University: You're Wired! – The Donald Launches His Own Online 'Self-Directed Learning' Courses – And They Differ Mightily from the Usual Fare". BusinessWeek . Retrieved April 18, 2012.
  3. ^ a b (registration required) Barbaro, Michael (May 19, 2011). "New York Attorney General Is Investigating Trump's For-Profit School". The New York Times.
  4. ^ Levine, Greg (May 23, 2005). "Trump University Founded For Student 'Customers'". Forbes. Retrieved April 18, 2012.
  5. ^ "Trump University Made False Claims, Lawsuit Says". The New York Times. Retrieved August 24, 2013. 
  6. ^ Gormley, Michael. "Trump Calls NY Attorney General a 'Political Hack'". ABC News. Retrieved 26 August 2013. 
  7. ^ Editorial Board (August 26, 2013). "Inside Donald Trump’s University". The New York Times. Retrieved 11 October 2013. 

Further reading[edit]

External links[edit]