(Image source from: Donald Trump sued!})

Donald Trump, the real estate mogul, has been sued by New York democrat - Attorney General Eric Schneiderman, for running a phony university.

As per his claims, Trump ran a sham “Trump University” that  assured students to make them rich by guaranteeing apprenticeships, but in stead extracted heavy amount of fees from them for expensive and mostly useless seminars, and even “failed to deliver promised apprenticeships.”

Trump, however, denied all allegations as false and “politically motivated.”

Attorney General Eric Schneiderman claimed that as  many as 5,000 students shelled out $35,000 believing that they would get a chance to meet Trump, but all they got was their picture taken in front of a life-size picture of "The Apprentice" TV star.

"Trump University engaged in deception at every stage of consumers' advancement through costly programs and caused real financial harm," Schneiderman said. "Trump University, with Donald Trump's knowledge and participation, relied on Trump's name recognition and celebrity status to take advantage of consumers who believed in the Trump brand."

But Trump's attorney accused Schneiderman  was trying to extort campaign contributions from the real estate mogul through his investigation of Trump. Cohen said Trump and his university never defrauded anyone.

AW: Suchorita Dutta