In 2014, a financially struggling hospice caregiver in California decided to invest in a video phone marketing company by the name of ACN. She knew little about business and even less about telecommunications, but a video heavily featuring Donald Trump’s endorsement of the company as “one of the best businesses” played at an ACN “training event” she attended allayed her fears. Trump photos and the Trump video featured heavily in every seminar and twice-monthly meetings ― a fixture seemingly designed to ease questions of legitimacy and coax members to continue forking over cash. (For the thousands she put in, by the time the woman quit ACN, she had got back just $38.) And according to a lawsuit filed in federal court in Manhattan on Monday, ACN, along with two other Trump-endorsed “business opportunities,” amounted to little more than predatory schemes that deliberately preyed on inexperienced, financially distressed investors.

Source: Huffington Post October 29, 2018 21:22 UTC