Trump University LLC (formerly the Trump Wealth Institute; later named Trump Entrepreneur Initiative LLC) was an American for-profit education company that ran a real estate training program from 2005 until at least 2010. After multiple lawsuits, it is now defunct. It was founded by Donald Trump and his associates, Michael Sexton and Jonathan Spitalny, in 2004. The company offered courses in real estate, asset management, entrepreneurship, and wealth creation, charging fees ranging from $1,500 to $35,000 per course.
The organization was not an accredited university or college and did not confer college credit. In 2011, the company became the subject of an inquiry by the New York Attorney General's office for illegal business practices that resulted in a lawsuit filed in 2013, which remains ongoing. Trump University is also subject to two ongoing class action lawsuits. The company and the lawsuits against it have received renewed interest due to Trump's candidacy in the 2016 presidential election.more » « less