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President Donald Trump. Photo: Bloomberg

A new lawsuit in Manhattan federal court claims President Donald Trump and his children spent years knowingly promoting products and services to unsophisticated investors that they knew were unlikely to succeed, despite assurances to the contrary, all while secretly being financially compensated, according to a new class action suit filed in Manhattan federal court Monday.

The unnamed plaintiffs in the suit claim that for years the Trump family operated a racketeering operation through both aligned outside businesses and Trump-branded ventures, according to the suit brought in the U.S. District Court for the Southern District of New York.

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Colby Hamilton

B. Colby Hamilton is a litigation reporter for the New York Law Journal and Law.com.

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