Kevin O’Leary slams judge’s ruling in Trump civil fraud case as “un-American
Entrepreneur Kevin O’Leary Slams Controversial Ruling Against Trump
In a scathing critique, entrepreneur and media personality Kevin O’Leary has condemned a New York judge’s recent ruling that former President Donald Trump must pay $350 million in damages for civil business fraud. Judge Arthur Engoron ordered Trump and the Trump Organization to pay the hefty sum and barred Trump from holding high-level positions in any New York company for three years. Trump’s sons also faced similar penalties.
O’Leary expressed his outrage in an interview with The New York Post, arguing that the ruling poses a threat to the entire real estate industry. He questioned the basis for finding Trump guilty, stating, “What developer doesn’t ask for the highest price valued for any building they built?” O’Leary believes that if this judgment stands, it sets a dangerous precedent that could lead to the imprisonment and downfall of every real estate developer.
Describing the ruling as “unhealthy for the country,” O’Leary called for an appeal and overturning of the decision, emphasizing that it is unjust for all parties involved. He went on to say, “It’s not about Trump. It’s appalling. It’s unjust. I would go as far to say it’s un-American.” O’Leary also expressed concern that the ruling would negatively impact New York, potentially causing businesses to relocate.
Furthermore, O’Leary highlighted the shockwaves reverberating through the real estate industry, emphasizing the magnitude of the ruling’s impact. He concluded by stating, “We’re just stunned. You have no idea. The shock wave sent through the real estate industry. Insane.”
CLICK HERE TO GET THE DAILYWIRE+ APP
Additionally, other former top executives at the Trump Organization were also prohibited from serving as officers or directors of any New York corporation or legal entity for three years. The New York Times noted that one of the judge’s rulings, extending the court’s Independent Monitor oversight at the company for three years, might be difficult to overturn. This oversight aims to detect any alleged suspicious activity and has already incurred significant costs for the organization.
New York Democrat Attorney General Letitia James claimed that Trump deceived lenders by inflating his net worth to secure more favorable terms. This ruling follows a defamation case earlier this year in which writer E. Jean Carroll was awarded $83 million from Trump.
As Trump nears the end of the Republican Party’s presidential nomination process, he also faces four criminal cases. These include a federal case concerning his handling of classified material, a federal case regarding his alleged efforts to overturn the 2020 presidential election, a case in Fulton County related to the same allegations, and a case from the Manhattan District Attorney’s Office concerning alleged hush money payments to an adult film star.
Related: Trump Fires Back After Judge Orders Him To Pay $350+ Million
What are the potential severe consequences for the real estate industry and the overall economy due to investors’ hesitation to commit to projects?
Industry as a result of this ruling. He suggests that the ruling creates an atmosphere of uncertainty and unpredictability, making investors hesitant to commit to real estate projects. This could have severe consequences for the industry and the economy as a whole.
O’Leary also criticized the timing of the ruling, coming just as Trump has left office. He believes that this may be a politically motivated decision instead of a fair and impartial judgment. He argues that the ruling should have been made while Trump was still in office, and questions the motives behind the delay.
In addition to his concerns about the impact on the real estate industry, O’Leary also raises questions about the fairness of the decision. He argues that the damages awarded are excessive and unreasonable, especially considering the lack of criminal charges against Trump. He points out that civil business fraud cases usually result in much lower financial penalties.
Overall, O’Leary’s condemnation of the controversial ruling against Trump highlights the potential far-reaching consequences of such a decision. He warns that it could set a dangerous precedent for the entire real estate industry and calls for an appeal and overturning of the decision. With his expertise and experience in entrepreneurship, O’Leary’s opinion should not be taken lightly and adds further weight to the growing criticism of the ruling.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...