July 25, 2024

Kevin O’Leary Blasts Trump Asset Seizure Saga: A Wake-Up Call for Investors Fleeing New York’s Shaky Ground

Kevin O’Leary, SharkTank star, investment wizard and the boss at O’Leary Ventures, dropped some truth bombs on “Mornings with Maria.” on Fox Business. He’s all fired up about the crazy situation where former President Trump might lose his assets over a ginormous fine – we’re talking a whopping $354 million plus a daily interest punch of nearly $112,000. All for a “fraud case” that has no victim…. Sounds like something out of Venezuela, right? That’s exactly what O’Leary thinks, and it’s got people buzzing. Here’s the deal: Trump’s caught in this legal mess where if he doesn’t cough up the cash, New York’s ready to snatch his assets. O’Leary’s scratching his head over this. As the hearing showed, this was a victimless crime that the bank itself was fine with, because that is how they do business. “Remember there is no money lost, there’s no victim here, so essentially just under half a billion-dollar fine for a situation where no monies were lost and the harmed party, supposedly the banks, were fully paid back,” he said. “We are wondering does this make sense, asking ourselves how long will it take for the appellate court to bring down to a what reasonable number might be, I have no idea what that is.” New York’s Judge Arthur Engoron slapped Trump and his crew with a laundry list of charges – think fraud with a capital F, cooking the books, you name it. Trump’s fighting back, but this drama’s far from over. O’Leary’s main worry? This whole circus could scare off the big money. Investors loved New York but now? They’re thinking twice. Seizing assets? That’s not the New York vibe they signed up for. And with this cloud hanging over, O’Leary’s betting folks are holding back on pouring new dough into the Big Apple. He’s painting a picture of a New York on the rocks, while states like North Dakota, Oklahoma, and Tennessee are rolling out the red carpet for investors. They get how to treat business right, making them the new hotspots for cash. Bottom line: O’Leary’s ringing the alarm bell. This whole Trump asset seizure saga? It’s more than just courtroom drama. It’s a wake-up call that could have money sprinting away from New York, chasing after a more welcoming vibe elsewhere. Fox Business nailed it with this scoop – it’s a story that’s got everyone talking and thinking hard about where they’re stashing their cash.
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