11/19/2018

FTC/LEGAL/TRUMP BUSINESS: “A liberal watchdog group on Monday [11-19-18] asked the Federal Trade Commission to investigate President Donald Trump’s involvement with a company that he has been accused of promoting to investors in unfair get-rich-quick schemes. Public Citizen, a consumer group that has often criticized the president, said in a letter to FTC Chairman Joseph Simons that Trump and his family members failed to disclose that they were paid to endorse the company, American Communications Network, or ACN, in violation of FTC rules. The complaint follows a lawsuit filed in federal court against Trump in October on behalf of investors in ACN. The suit, which is funded by a progressive group, claims Trump and his family members accepted millions of dollars from ACN starting in 2005 in exchange for promoting the company in speeches and other public appearances, even though they knew the investments ‘did not — and could not — offer a reasonable probability of success.’”

Lorraine Woellert, “Liberal watchdog group asks FTC to probe Trump’s involvement with company,” Politico, November 19, 2018 1:33 pm