Friday, May 13, 2011

Shocker: More Than 300 People Are Suing Donald Trump … for Being Donald Trump


What is it about The Donald? Seriously, Trump's propensity to slap his name on everything from strip steaks to an Amway-like network of vitamin-sellers has been well documented. But more than 300 people must have missed the paper all those days. They're suing him for branding luxury high-rises in cities like Tampa and Philadelphia with the Trump name- — literally, they were called Trump Tower and Trump International — and making appearances to woo buyers, but exiting when the financing fell through, leaving them millions in the hole while he made off with the licensing fees.

The suit alleges that the buyers wiped out their savings or tapped out their credit lines just to own a piece of the Trump legacy. “The last thing you ever expect is that somebody you revere will mislead you,” Alex Davis, who invested $500,000 in a property Trump marketed in Fort Lauderdale, told the New York Times. If the allegations even make it to court, we have a feeling the judge's verdict will be something along the lines of: You get what you pay for. Sad but true.

http://nymag.com/daily/intel/2011/05/300_people_are_suing_donald_tr.html

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