“Shark Tank” investor Kevin O’Leary, when asked about last week’s New York court’s $355 million judgment against former President Trump, criticized the state of New York, which he called a “loser.” He vowed not to invest in the state again.
Last Friday, when Judge Arthur Engoron ordered Trump to pay more than $355 million for conspiring to alter his net worth to receive tax and insurance benefits, Trump, his company and the former president The management team, including his sons, was hit hard. The order also prevents President Trump from attending business in New York for three years.
“This award means, I ignored the whole Trump thing and looked at what happened here…and I’m no different than any other investor. I’m shocked by this. .” O’Leary said in an interview with FOX Business on Monday. “I can’t understand or understand that decision at all. There’s no basis for it.”
The award is part of a lawsuit filed by New York Attorney General Letitia James (D) against the former president, the Trump Organization and its executives for more than a decade of misconduct. The month-long civil fraud trial has concluded.
O’Leary, chairman of O’Leary Ventures, argued that New York is “already a losing state,” citing policies, high taxes and uncompetitive regulations.
“New York was already high on the list of losing states. I would never invest in New York now,” O’Leary said. “And I’m not the only one saying that.”
O’Leary argued that existing businesses and new businesses will expand into various states such as Texas and Florida.
“So they have a lot of work to do to get out of this situation. This all happened after the pandemic…winner nation versus loser nation,” he said.
Fox Business anchor Neil Kabuto then asked O’Leary what he thought about New York Gov. Cathy Hochul (D) trying to assure residents there was “nothing to worry about.” Asked.
“We are very worried and all investors are worried too. Where are the victims? Who lost their money? This is an arbitrary decision made by a judge. ” replied Mr. O’Leary. “What does this policy… say about the bar? About the New York bar? Aren’t they going to question this judge? What is this?”
“I’m sorry that her words fell on deaf ears,” he added. “There’s nothing she can say to justify this decision. And this has nothing to do with Trump, nothing to do with Trump. Forget about Trump, this is This is a New York problem, not a Trump situation.”
The Hill has reached out to Hochul’s office for comment.
President Trump praised O’Leary’s comments on his social media platform Truth Social. write, “Kevin O’Leary is so great and tells it like it is. Corporations will flee New York City and state after corrupt judge’s ruling!”
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