Trump Warns of Business Exodus, Kevin O’Leary Says Court Ruling Turns New York Into Uninvestable ‘Mega Loser State’

Published on February 19, 2024

Former President Donald Trump said Saturday that the recent court ruling that fined him over $350 million would spark a business exodus from New York State, while venture capitalist Kevin O’Leary said the ruling turned New York into an uninvestable “mega loser state.” In a civil fraud trial that accused the former president of inflating asset values to get better terms for bank loans, New York Supreme Court Justice Arthur Engoron issued a ruling on Feb. 16, ordering President Trump and Trump Organization executives to pay $355 million in damages, and barring the former president from doing business in the state for three years....

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