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Trump University Was 'A Fraud' From The Start, NY Attorney General Says

New York Attorney General Eric Schneiderman
New York Attorney General Eric Schneiderman Photo Credit: Wikipedia

New York Attorney General Eric Schneiderman told ABC News Thursday morning that Republican presidential presumptive nominee Donald Trump was the only one who benefited from Trump University.

The New York real estate mogul and presumptive GOP nominee for president is facing lawsuits from former students, including in New York, where Schneiderman is claiming the university is a fraud. Schneiderman said initial estimates are that Trump took away at least $5 million from the venture, ABC News reports.

“We have laws against running an illegal, unlicensed university," Schneiderman said on ABC's "Good Morning, America." "The fraud started with the name of the organization. It was really a fraud from beginning to end.”

Trump, meanwhile, is releasing a new campaign ad with statements from former students saying the courses were "excellent," ABC News says. He's denied allegations.

Trump, who owns an estate in Bedford, also owns Trump National Golf Club Hudson Valley in Stormville and Trump National Westchester in Briarcliff Manor. The Trump name also adorns Trump Tower At City Center in White Plains, Trump Plaza in New Rochelle, Trump Park Residences in Yorktown and the Donald J. Trump State Park on the Westchester/Putnam border.

Click here to see the ABC News report .

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