ALBANY, N.Y. (CBSNewYork/AP) — A for-profit university operated by real estate mogul Donald Trump is being investigated by the New York Attorney General’s office.

A spokesman for the Trump Entrepreneurial Initiative acknowledged receiving an inquiry from Attorney General Eric Schneiderman’s office and said the organization would cooperate with the probe.

A person familiar with the situation told the Associated Press that Schneiderman’s office was looking into claims that the developer and TV host exaggerated Trump University’s success. The person spoke on condition of anonymity because the probe hasn’t yet been made public.

The person says Schneiderman is investigating four other for-profit schools in a case looking at deceptive business practices. He’s found more than a dozen credible complaints.

Trump announced Monday he would not pursue a presidential bid. He also said that he would be canceling his appearance at the Iowa GOP’s annual Lincoln Dinner on June 10, which is considered one of the party’s biggest annual fundraisers.

The investigation was first reported by The New York Times.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments (5)
  1. Cousin Tony says:

    Rose O’Donnell years ago called Trump “a snakeoil salesman”. Why do you think he jumped at the chance to go into realtiy TV? So his new found TV fame would gloss over all his business discrepances and bankruptcies and fraud, etc. Anyone who would want to go into business with Donald Trump should only expect disappointment, frustration and lose-lose scenarios.

  2. joe says:

    Have you ever noticed that when you go up against the Obama administration you end up either under investigation for something or belittled by the news corporations?

    Anybody remember Joe the Plumber?

    This is goomba politics, people. We should be very concerned.

    1. datGurl! says:

      joe your seeing things. the flip side of this is that Obama has been under investigation since he was elected, so why is there a problem with the tables being turned on The Hairless Donald?

      your comment is meritless. its only bases on racist bs and total ridiculous.

  3. IB Farley says:

    Throw his rump under the bus. The convicts will love playing with his hair piece.

  4. DanTe says:

    Another lying sack of turd from trumpie. This is news?

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