“Shark Tank” host and businessman Kevin O’Leary said he will no longer invest in New York after a judge has ordered former President Donald Trump to pay $355 million and prohibited him from doing business in the state for three years.
“This award, I mean, just leaving the whole Trump thing out of it and seeing what occurred here … and I’m no different than any other investor, I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it,” O’Leary said.
“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,” he continued. “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? $350 million and interest and there’s no victim?”
The Shark Tank host said the decision has made up his mind about ever doing business in the state again.
“I would never invest in New York now,” he added. “And I’m not the only person saying that.”
“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,” O’Leary continued.
