Judge allows fraud suit against Trump, family and company to proceed
The lawsuit also accuses the Trumps of having profited off the poor and vulnerable, as people looking “to enrich themselves by systematically defrauding economically marginalized people looking to invest in their educations, start their own small business, and pursue the American dream.”
“Weighing the two ‘most critical’ factors — likelihood of success on the merits and irreparable harm — against each other, any prejudice that Defendants and ACN may suffer from proceeding with the litigation during the pendency of the appeal does not outweigh the strong likelihood that Defendants and ACN will not succeed on appeal,” US District Court Judge Lorna Schofield wrote in her opinion.
A lawyer for the Trumps didn’t immediately respond to a request for comment.
Four anonymous plaintiffs brought the suit, including what court papers describe as a hospice caregiver, a self-employed man who was once homeless and a food delivery driver.
The Trumps “deliberately misled” consumers about the likely success of their investments, the suit claims, and engaged in “a pattern of racketeering activity.”
The suit is being funded by the nonprofit Tesseract Research Center, which has ties to Democratic candidates, CNN has reported.