Donald Trump gets sued ... again


Another day, another Donald Trump lawsuit.

Bloomberg reports that "Trump and Los Angeles-based Irongate Development allegedly induced buyers with marketing materials touting Trump's involvement when he had merely licensed his name to the project, known as Trump Ocean Resort Baja, according to the complaint filed yesterday on behalf of 69 condo buyers in state court in Los Angeles."

The buyers were recently informed that the project would not be completed due to financing issues. People who put down hundreds of thousands of dollars in deposits won't see their money back.

Trump will probably avoid legal liability because it was essentially a licensing deal where he lent his name to the project in exchange for a cut of the sales. However, there could be one possibility: Trump and his daughter Ivanka made appearances in support of the sales efforts and if they misled prospective buyers about their roles in the project, that could lead to trouble.

To me, though, it's shocking that people actually bought condominiums based on the credibility imputed by the Trump brand. To me, Donald Trump stands for self-promotion and tackiness, not prudence and stability.

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