In a fiery response to a recent court verdict against former President Trump, “Shark Tank” investor Kevin O’Leary lambasted New York as a “loser” state and pledged to cease all investments in the region. The verdict, which ordered Trump to pay over $355 million and barred him from conducting business in New York for three years, drew sharp criticism from O’Leary, who questioned the rationale behind the decision.
Speaking in an interview with Fox Business, O’Leary expressed disbelief at the court’s ruling, describing it as shocking and lacking in rationale. The verdict stemmed from a lawsuit filed by New York Attorney General Letitia James, accusing Trump and his business of conspiring to inflate his net worth for financial gain.
O’Leary’s comments underscore the polarizing nature of the legal battle involving Trump and highlight the potential ramifications for business and investment in New York. As a prominent figure in the investment community, O’Leary’s decision to boycott the state could have significant implications for its economic landscape.
The outspoken investor’s stance reflects broader concerns among investors and business leaders regarding the legal and regulatory environment in New York. The verdict against Trump has raised questions about the state’s business climate and its impact on investment decisions.
While opinions on the court’s decision vary, O’Leary’s vocal criticism serves as a reminder of the complex intersection between law, politics, and business in today’s contentious landscape. As the fallout from the verdict continues to unfold, the future implications for New York’s business community remain uncertain.
