Kevin O'Leary Defends Trump Against $355M Fraud Judgment
The 'Shark Tank' investor predicts the judgment will be overturned on appeal, citing concerns over its impact on New York's investment climate.
- Kevin O'Leary criticizes the $355 million fraud judgment against Donald Trump, calling it the result of a 'rogue judge' and predicting it will be overturned on appeal.
- O'Leary warns that the judgment sets a dangerous precedent for business investments in New York, fearing it could deter investors.
- The judgment includes a ban on Trump operating businesses in New York for three years and the potential seizure of his assets if he fails to pay.
- In debates, O'Leary disputes the characterization of the case as fraud, arguing that the valuation disputes are common in business dealings.
- Despite the controversy, New York Judge Arthur Engoron found Trump and co-defendants liable for multiple fraud charges, including falsifying business records and insurance fraud.