Former President Donald Trump and his two adult children are expected to sit in consignment within months in a lawsuit alleging they promoted a pyramid scheme, a new federal filing says.
In a joint status update filed, attorneys for both sides revealed that the former president will sit to be removed from office this summer on June 16. His adult sons will sit. get into the hot seat a month earlier, with Eric Trump is scheduled to testify on May 12, 2022 and Donald Trump, Jr. on May 10, 2022.
The document shows the steady progress of a complex and potentially ugly lawsuit that the Trump family initial and unsuccessful seek secret arbitration by private arbitration.
Originally filed anonymously in 2018, the lawsuit alleges that the Trump Corporation promoted a multi-level marketing scheme — also known as the Pyramid scheme — through ACN Opportunity, LLC, operates under the name American Communications Network. The four named plaintiffs, suing under a proposed class action, agreed to waive their anonymity last year in filing the Second Amendment. litigation.
The ACN, the plaintiffs said, was a “get-rich-quick scheme” based on Trump and his “conn” family.[ing] each of these victims give up hundreds or thousands of dollars” for allegedly violating various state laws.
The ACN forced the investors to sign an arbitration agreement, but Trump, who was also named as a defendant, did not. So is the second circuit negative the Trump family’s preference for arbitration last year.
Former President Trump advertised the ACN on “Celebrity Apprentices,” as attached in the lawsuit.
In addition to Trump and his three children, the Trump Corporation was named as a defendant, and the plaintiffs sought to remove two company employees to serve their claims.
Plaintiff’s lawyer Roberta Kaplan did not immediately respond to an email requesting comment. So does Trump’s attorney.
