Donald Trump sued for $40M, Eric Schneiderman calls Trump University a 'scam'

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Donald Trump is the target of a $40 million lawsuit, filed by New York Attorney General Eric Schneiderman. In the complaint, Schneiderman claims the Trump Entrepreneur Initiative, a program which offers courses in real estate and formerly operated under the name Trump University, is a scam, the Associated Press reports.

He says that more than 5,000 people around the United States paid $40 million to learn from Trump, even though a probe by found the mogul had next to no role in the program. Schneiderman says some students paid up to $35,000, thinking they would be mentored by Trump and get to meet him at a seminar. Instead, they were allowed to take a photo in front of a large picture of the "Celebrity Apprentice" star.

It didn't take long for Donald to respond to the allegations. He went on Twitter Saturday evening (August 24), calling Schneiderman a "lightweight" who is trying to extort him. Trump points to a website for the program, which claims a 98% approval rating by former students.

Donald also called into "The Today Show" to say he was very involved with the program. Trump says he had a hand in choosing the instructors for the program and developing its curriculum.

Schneiderman used Twitter himself to address the lawsuit, writing, "Trump used his celebrity, personally appearing in commercials making false promises to convince #NY'ers to pay for lessons they never got ... No one, no matter how rich or popular they are, has right to scam hard working #NY'ers. Anyone who does should expect to be held accountable."
Photo/Video credit: Getty Images