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Dec 18, 2007

Trump's beef

David Lazarus, a columnist for the Los Angeles Times, recently wrote a column about Donald Trump's seminars otherwise known as Trump University, the real estate mogul's business school founded in 2005.
Advertisements for the two-hour seminar said potential investors could learn how to make big bucks from foreclosures in the current housing market.
Lazarus wasn't impressed with what he called "a two-hour infomercial for the three-day workshop," which would cost potential students $1,495.
His column continues to critique the seminars saying,
"There's nothing revolutionary about this, of course. Real estate speculators have been using such techniques for decades, and countless seminars are offered annually that purport to train novices in how they too can make a killing in the foreclosure market.
"All Trump is doing is adding his celebrity status to the mix, benefiting from a perception among some that his personal success and larger-than-life persona translate to greater trustworthiness as a business guru."
Lazarus' piece did not sit well with Trump.
After the column ran last week, Trump told Lazarus in a telephone conversation that his work was "inaccurate and libelous."
When Lazarus asked what the problem was Trump allegedly said "You'll find out in court" and said he planned to sue.
Then Trump sent this letter to the LA Times.
In the meantime, Lazarus wrote another column entitled "Trump's a grump about column on his 'priceless' tips." He says he must have made a poor impression on Trump, but he asked what he believed were straightforward questions.

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