By Associated Press and Daily Mail Reporter PUBLISHED: 09:29 EST, 26 August 2013 | UPDATED: 15:27 EST, 27 August 2013 Legal action: Donald Trump was on the receiving end of a $40 million lawsuit from New York's Attorney General Eric Schneiderman on Saturday Donald Trump has come out with all guns blazing today after New York attorney general Eric Schneiderman launched a $40 million lawsuit against him, claiming that the real estate mogul’s ‘Trump University’ had ‘falsely’ promised to make students rich. Speaking on Fox & Friends on Monday morning, Trump proceeded to trash talk Scheiderman before going as far as to suggest that the president was behind involved the legal action.
@highlight
Donald Trump received a lawsuit on Saturday from New York attorney general Eric Schneiderman
@highlight
He thinks Obama is involved after the President and Schneiderman met just days ago
@highlight
The lawsuit accuses 'Trump University' of encouraging students to pay for expensive, useless seminars
@highlight
Trump hit back on Monday morning claiming the school had received a 98 percent approval rating from students
@highlight
He thinks the legal dispute could become another scandal for Obama and called Schneiderman 'a political hack'
'Trump University, with Donald Trump's knowledge and participation, relied on @placeholder's name recognition and celebrity status to take advantage of consumers who believed in the Trump brand.'