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IPFS News Link • Boycotts

Businessmen are BOYCOTTING New York following Trump ruling: "I'm shocked at this"

•, by: Ethan Huff

Some Donald Trump-supporting business owners in the Big Apple and beyond are reeling with anger following the recent civil fraud ruling against the former president that requires him to pay $355 million in fines, plus interest, for crimes he was found guilty of committing with his real estate and other business ventures.

"Shark Tank" investor Kevin O'Leary says he is "shocked" by the ruling, which found that Trump inflated the value of his assets to obtain better rates from lenders and insurers.

"I can't even understand or fathom the decision at all," O'Leary said about the ruling, which also bars Trump's sons from managing their businesses in New York for the next three years. "There's no rationale for it."

Often called "Mr. Wonderful," O'Leary, who is from Canada, called New York a "mega loser state" for business following the verdict against Trump.

"New York was already a loser state, like California's a loser state," O'Leary fumed.

"There are many loser states because of policy, high taxes, uncompetitive regulation. It was already on the top of the list of being a loser state. I would never invest in New York now."

O'Leary says he will instead look to conduct business in states like Oklahoma, North Dakota and West Virginia, all of which he called "winner states" because "they don't do things like this."

On his Truth Social platform, Trump thanked O'Leary for his comments, calling him "so great" because he "tells it like it is."