“Shark Tank” investor Kevin O’Leary strongly criticized the $355 million fraud judgment against former President Trump, calling the ruling judge “rogue” and predicting it will be overturned on appeal.
O’Leary said the verdict puts New York’s reputation as a top investment destination at risk.
O’Leary said, “If you’re going to put billions of dollars to work somewhere in the world, the most coveted place to do it is in the United States of America. That is the brand of America.”
“You don’t really want to mess with that,” he warned.
“It’s a rogue judge. In my view, that’s a rogue settlement and should be repealed, and it will be through the appellate courts,” he continued.
He warned that seizing assets, as the New York attorney general proposed, is something that happens in undesirable places for business.
“Seizing assets happens in many countries where you wouldn’t want to put your money,” revealed the “Shark Tank” investor.
He concluded, “It was already on the top of the list of being a loser state. I would never invest in New York now. And I’m not the only person saying that.”
O’Leary had previously denounced the ruling, saying he would avoid investing in New York due to the precedent set.
He argued the judgment goes beyond normal legal standards and could deter billions in investments from flowing to America’s traditionally coveted business environment.
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