A federal judge has dealt a major blow to Donald Trump, his family, and the Trump Corporation by refusing to stay a massive lawsuit that accuses the Trumps of running a pyramid scheme that allegedly bilked investors out of millions of dollars. Those investors are now seeking a large settlement that could possibly endanger the already shaky financial situation of the family-held company.
According to Law and Crime:
“The complicated and anonymous class action lawsuit, filed by a Jane Doe and others, resulted in motions to stay the proceedings and interlocutory appeals by the Trumps, the Trump Corporation, and a third party called ACN Opportunity, LLC. ACN was ordered to produce documents relevant to the claims. Interlocutory appeals are appeals to higher courts filed in the midst, rather than at the conclusion, of lower court litigation.
“The judge, Lorna G. Schofield, a Barack Obama appointee, said the lawsuit would not be put on hold.”
Judge Schofield’s ruling is also problematic for Trump because it threatens to expose many of his shady business practices as part of the lawsuit and could also result in his three eldest children — Don Jr., Ivanka, and Eric — having to give depositions and appear in open court as part of the lawsuit.
The suit, which is a class action filing, accuses the Trump family and their business of promoting a multi-level marketing — aka pyramid — scheme, which was known as the ACN Opportunity, LLC:
“ACN, the plaintiffs said, was a ‘get-rich-quick scheme’ that relied on Trump and his family ‘conn[ing] each of these victims into giving up hundreds or thousands of dollars,’ in violation of various state laws.”
Conning and grifting are the only two enterprises Trump and his spawn have ever excelled at. When they’re unable to do so, they wind up filing for bankruptcy and moving on to another con job.
The Trumps had attempted to force the suit into arbitration so that discovery could be kept secret. Additionally, there are reportedly recordings of Donald Trump that will be introduced as evidence in the ACN lawsuit. Those alone could wind up being humiliating for the president and others in his orbit.
For now, the case moves forward, and facts will be coming out left and right. That alone is reason for Donald Trump to be worried. As we know, he’s never been a fan of facts or the truth.