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News / Nation & World

Lawsuit: Trump misled investors in company

Four salespeople allege he knew firm was a money-loser

By BERNARD CONDON, Associated Press
Published: October 29, 2018, 8:22pm

NEW YORK — President Donald Trump was accused in a lawsuit Monday of misleading salespeople who lost money in a multi-level marketing company that he endorsed in speeches and on “The Celebrity Apprentice.”

The suit filed in Manhattan federal court alleged Trump received millions of dollars in exchange for reassuring potential salespeople for telephone company ACN there was little risk if they paid fees and incurred other expenses to start selling its phone service to others.

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