O'Leary Criticizes Potential Seizure of Trump's Assets, Compares to Venezuela
The situation raises concerns over New York's investment climate and the proportionality of the $354 million fine.
- Kevin O'Leary criticizes the potential seizure of Donald Trump's assets over a $354 million fine in his civil fraud case, comparing it to actions seen in Venezuela.
- O'Leary expresses concern over the impact on New York's investment climate, fearing a 'quiet exodus of capital' from the state.
- The fine stems from a ruling by New York Judge Arthur Engoron, who found Trump and defendants guilty of multiple fraud charges.
- Trump's legal team has appealed the ruling, with O'Leary questioning the proportionality of the fine to the alleged offense.
- Investors are reportedly hesitant to put new money into New York projects amid uncertainty over the asset seizure.