racketeering enterprise: The suit, filed in federal court in New York on Monday, alleges that the Trump Organization operated for years as a fraudulent racketeering enterprise, according to The Guardian. The suit also names the president's eldest children, Donald Jr, Eric and Ivanka Trump as defendants. One plaintiff was a hospice worker in California who was persuaded to spend thousands upfront to join a telemarketing company that Trump promoted as a lucrative opportunity and yet she allegedly only ever made 38 from her work with that company. It alleges the president received millions of dollars in exchange for persuading unsophisticated investors to put money into a telephone company, ACN. They were lured fraudulently, according to the lawsuit by the idea promoted by Trump that there was little risk if they paid fees and incurred other expenses before getting a chance to sell its phone service to others, as first reported by the New York Times. Stormy Daniels defamation lawsuit against Trump dismissed Read more The suit filed by four unnamed investors says Trump violated federal anti-racketeering law and is seeking class-action status and includes the president, his company and his three children by ex-wife Ivana. But the court documents say Trump knew these sales people had little chance of recouping their money, and falsely claimed he had done extensive due diligence on the company.
(news.financializer.com). As
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