An examination of Donald Trump’s controversial business practices, including bankruptcies, fraud allegations, and discriminatory actions.
Trump Casinos and Real Estate Failures
Trump’s businesses, including his casinos, declared bankruptcy multiple times, leading to significant financial losses for contractors and investors. These bankruptcies raised questions about his business acumen and ethics.
Trump University Lawsuit
Trump University was accused of misleading students with false promises of success, resulting in a $25 million settlement for fraud. This was a major blemish on his business record.
- Thousands of students were affected by the false advertising of the program.
- The lawsuit concluded with a significant financial settlement in 2016.
Housing Discrimination Allegations
In the 1970s, the Trump Organization was sued by the Justice Department for racial discrimination, refusing to rent apartments to Black tenants in violation of the Fair Housing Act.
Summary
Trump’s controversial business practices, including bankruptcies, fraud allegations, and discriminatory actions, have been a consistent source of legal and public scrutiny.