Trump And Kids Agree To Sit For Depositions In Fraud Case

Donald Trump and his children have agreed to sit for depositions in a long-running fraud lawsuit against them for pushing what basically amounted to a pyramid scheme for investors. The case involves the video phone company ACN, which Donald Trump endorsed on The Apprentice, and he and his kids repeatedly talked about what a great investment opportunity it would be for people. But they didn't disclose that they were being paid to say these things, or that people had to "buy in" to the company in order to make money. Ring of Fire's Farron Cousins explains what happened.

Become a member today!

Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!

Find our merchandise at Teespring

Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire's video content!

Support Ring of Fire by subscribing to our YouTube channel

Be sociable! Follow us on:

Follow more of our stories at

Subscribe to our podcast

*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Well folks, Donald Trump and his kids have finally agreed to sit for depositions in an ongoing fraud case against the family. But don't get your hopes up too much, folks. No, this has nothing to do with those investigations taking place in New York. This is actually related to a lawsuit that was filed years ago against Donald Trump and his kids for pushing what basically amounted to as most people have described it as a pyramid scheme from a company called ACN opportunity, LLC. Donald Trump promoted this company on the Apprentice. He promoted it in private speeches. They paid him 9 million over a 10 year span from 2005 to 2015 to promote ACN opportunity, LLC. And of course he didn't tell people at the time, you know, when he was promoting it, that he was a paid spokesperson. So right off the bat, that's a big problem.

That's why when you, you see commercials, people say I'm a paid spokesperson or they'll have it in fine print right there. But you, you do have to reveal that so people understand you're doing a paid commercial instead of just going out there out of the goodness of your heart, telling people, hey, do this and you're gonna make a lot of money. But Donald Trump did tell people they would make a lot of money from this. So what happened? Well, a lot of people bought into it and then they quickly realized like, oh, okay, I have to buy the products from you, which is video phones, by the way, I think I forgot to mention that. That is what ACN was selling was video phones. You know, because even in 2015, we didn't have that. Hmm, sure. Whatever. So you had to buy, you know, a big lot of these video phones and then of course you had to pay hundreds of dollars to go to these seminars to learn how to do this.

And you could hire people to go out and sell the phones for you or hell you could hire people. They could buy the phones from you and then they go out and so on and so forth. Almost exactly in the shape of a pyramid, if you will. And so once people realized, wait a minute, this is totally fraudulent, they filed a lawsuit because they took Donald Trump and his kids who were also pushing it. They took their advice, dumped thousands and thousands of dollars into ACN to buy these products, to go out there and sell and, uh, a lot of people lost a lot of money. So after many, many years of trying to fight it, Donald Trump has finally agreed, he will be sitting for a deposition on June 16th and his kids have agreed to sit for depositions. As of right now, they're still working on the dates for those. But finally the depositions will be happening.

Now this is not gonna result in anyone going to jail from the Trump family. So, you know, don't get your hopes up on that, but it very likely will end the same way Trump university did. Sure nobody goes to jail, but you're gonna lose a ton of money because it's very clear you defrauded a hell of a lot of people. Of course, that's only if the, you know, jury decides that the plaintiffs are correct, it could go the other way. They could say, hey listen, he was just a paid spokesperson. You made the decision yourself. You chose to do this. That's on you. Trump family you're free to go. It honestly could go either way because there are very good.