“Shark Tank’s” Kevin O’Leary is seeking former President Donald Trump’s assets to be used by New York Attorney General Letitia James’ office to satisfy a $454 million judgment against him in a state civil fraud lawsuit. A potential seizure would undermine investor confidence in the U.S. economy, he said.
O’Leary is a millionaire investor who became famous thanks to his hard-to-please “Mr. The television personality of the popular reality show “Wonderful” told Fox News that respect for property rights in the United States is “the essence of what makes the American brand the number one economy on the planet.”
“The collateral damage to American brands is horrific,” the Canadian-born businessman told Fox News on Friday.
He said Mr. Trump’s possible asset seizure will make it more difficult for Mr. O’Leary to raise money from investors for the $3 billion data center.
“The number one question I have when I go to these countries to raise this capital is, ‘What the heck is going on in New York?'” O’Leary said.
“And I tell them, ‘This is not America.’ It’s just an anomaly. I swear to you guys, this is not America. ”
James’ office filed the judgment in Westchester County last week, which observers say is the first step toward seizing President Trump’s Seven Springs Golf Course and private property at Mt. Kisco. ing.
James said he would move to seize Trump’s assets if he is unable to secure bail by Monday while the former president appeals the ruling.
Trump’s lawyers said last week that they approached dozens of banks but were unable to secure a bond.
O’Leary said Trump’s Monday bail deadline was too strict and was an excuse to “steal.”
“Property rights are mentioned 37 times in the Constitution. Due process, very important. Why steal someone’s property in 27 days?” O’Leary said.
“Why not give them more time to raise cash? Forget Donald Trump. Who would want this to happen to them?”
Follow the Post’s report that former President Donald Trump is seeking a loan to pay off $175 million in bonds.
Mr. O’Leary said the criticism of Mr. James “has nothing to do with Donald Trump” and said he would be hesitant to invest in New York after the ordeal.
He said going after Trump could give James an incentive to target other politicians with whom he disagrees.
“I don’t know who she is,” O’Leary said of James. “But all I could say was, who’s next?”
A Manhattan judge found last month that Trump repeatedly lied about his assets in financial statements he submitted to banks and other institutions to secure loans and close deals.
The judge ordered him to forfeit the profits he made from certain real estate deals and the money he saved by getting lower interest rates on his loans. Trump denies trying to deceive anyone.
President Trump also asked the appellate court to either reduce, delay or waive the bail requirement.
Trump, who defeated his opponent in the Republican presidential primary last week, said he has about $500 million in cash and wants to use it for his presidential campaign.
“Thanks to hard work, talent, and luck, I now have nearly $500 million in cash, and I intended to spend a significant amount of it on my presidential campaign,” he wrote on his Truth Social app on Friday. Ta.
The former president appeared in a Manhattan court Monday for a criminal investigation into another case: hush money payments to adult film star Stormy Daniels.
with post wire
