Kevin O’Leary, a prominent figure from “Shark Tank,” strongly criticized the substantial bond that former President Donald Trump is required to pay in his civil fraud case in New York State.
He expressed concern that this situation is a direct assault on the United States.
“I don’t think this is a case about Trump at all anymore. I think people should be thinking about the policy being put in place here, the competitiveness of New York State versus other U.S. states, but more importantly, the message about the American brand. You think about America. The reason this is the number one economy on earth is that we have laws and we have due process and we have property rights — it attracts foreign capital from all around the world.” O’Leary said during the recent interview.
“All of that is being shaken to the core here, the concept of seizing assets in 30 days on a bond number that’s never been issued, no insurance bond companies ever issued anything near this. So there was no chance it was going to happen, and only giving 30 days notice in time. That’s a really bad message. And I think New Yorkers should think well past Trump, whether he’s president or not, or whether this attorney general is gone in four years or not, it’s irrelevant. This is case setting against the American brand. The most stable country on Earth anywhere to put capital to work over a long period of time, particularly in real estate, is the United States of America. This is an assault on what we believe to be core.” he continued.
🚨Kevin O’Leary Rips NY AG Letitia James: "This Is an Attack on America"
🔥🔥🔥
"This is the United States of America. This is this is an assault on what we believe to be core. And I find it extraordinary. I think it's very troubling."
"It has absolutely nothing to do with… pic.twitter.com/3rFOWOzk4b
— Western Lensman (@WesternLensman) March 19, 2024
In a significant development, Judge Arthur Engoron has issued a ruling that requires former President Trump to pay an extraordinary $454 million bond as he pursues an appeal in New York.
The Attorney General of New York, Letitia James, has issued a stern warning to President Trump, stating that she will take possession of his properties if he fails to meet the financial obligations within the next 30 days.
[READ MORE: Trump Vows to Overturn Biden’s New Draconian Electric Vehicle Mandate]
