"Kevin O'Leary Urges Businesses to Leave New York After Trump Fraud Ruling"

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Source: Fox News
"Kevin O'Leary Urges Businesses to Leave New York After Trump Fraud Ruling"
Photo: Fox News
TL;DR Summary

Kevin O'Leary, known as "Mr. Wonderful" from "Shark Tank," advised real estate investors to avoid developing in New York following a judge's ruling that former President Trump must pay $355 million in punitive damages in a civil fraud case. O'Leary criticized the ruling as an "assault on real estate" and warned that New York's business climate, high taxes, and regulations are driving investors away. He suggested considering incorporating in "winner states" like Florida, Texas, North Dakota, West Virginia, or Oklahoma instead. FOX Business host Charles Payne agreed, noting that $1 trillion in business has already left New York for Florida and Texas due to crime, regulations, and low building occupancy.

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