Former President Donald Trump is not the only person angered by Judge Arthur Engoron’s recent decision to bar him from from participating in New York business for three years and hand him $355 million for conspiring to inflate his net worth to receive tax and insurance benefits. During a recent interview, Shark Tank Host Kevin O’Leary claimed that he would no longer invest in a “loser” state like New York after the ruling.
“It was already on the top of the list of being a loser state. I would never invest in New York now,” O’Leary said.
“And I’m not the only person saying that.”
From the perspective of the investor reportedly worth $400 million, there is no victim to Trump’s attempt to gain tax benefits.
“We’re very worried, every investor is worried because where is the victim? Who lost the money? This is some arbitrary decision a judge made,” O’Leary said.
“This policy … what does this say about the bar? About the legal bar in New York? Aren’t they going to question this judge? What is this?”
Despite O’Leary’s fears, New York Governor Kathy Hochul says there’s nothing to worry about after Engoron’s ruling.
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior,” Hochul told WABC’s John Catsimatidis.
However, the Canadian investor continued to push back against the governor.
“I’m sorry her words fall on deaf ears to everybody,” O’Leary continued.
“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 not a Trump situation, this is a New York problem.”
