"Trump University" Being Investigated by NY AG

Friday, May 20, 2011  |  Updated 7:44 AM EDT
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Donald Trump announces he is not running for president, saying he wants to continue on with his reality show

NBC New York

Donald Trump announces he is not running for president, saying he wants to continue on with his reality show "Celebrity Apprentice."

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A for-profit university operated by real estate mogul Donald Trump is being investigated by the New York Attorney General's office.

 

A spokesman for the Trump Entrepreneurial Initiative acknowledged receiving an inquiry from Attorney General Eric Schneiderman's office and said the organization would cooperate with the probe.

 

A person familiar with the situation tells The Associated Press that Schneiderman's office is looking into clams that the developer and TV host exaggerated Trump University's success. The person spoke on condition of anonymity because the probe hasn't yet been made public.

 

The person says Schneiderman is investigating four other for-profit schools in a case looking at deceptive business practices. He's found more than a dozen credible complaints.

 

Trump announced Monday he would not pursue a presidential bid.

 

The investigation was first reported by The New York Times.    

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