(RestoreAmericanGlory.com) – “Shark Tank” investor Kevin O’Leary slammed what he referred to as “loser” New York and claimed that he would no longer be involved in any investments in the state. This statement was made after the recent decision by a New York judge to find former President Donald Trump $355 million in connection to a civil fraud case.
Trump, his two adult sons, and some of his top executives had to deal with being ordered to pay last Friday with more than $355 million for having inflated and deflated the value of his assets in order to receive more beneficial business deals and insurance benefits. As part of the order, Trump is also blocked from being engaged in business in New York for the next three years.
On Monday during an interview with Fox Business O’Leary argued that this fine had left him shocked. He added that he was no different from any other investor and that he could not understand the decision and the rationale behind it at all.
The award was the result of a lawsuit brought forward by New York Attorney General Letitia James (D) against Trump and his Trump organization. In the lawsuit, it is alleged that they had engaged in over a decade of fraud.
O’Leary, who is the chairman of his own O’Leary Ventures, argued that New York was a “loser state” already considering its high taxation and uncompetitive regulations. He added that after this decision he would never choose to invest in New York and that he was not the only person making such a statement. He then pointed out that many existing and new businesses were choosing to go to Florida, Texas, and other states other than New York.
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