Businessmen Say They Will No Longer Invest in New York After Justice Engoron’s Trump Ruling

Published on February 20, 2024

Some real estate investors are losing interest in investing in the Big Apple after New York Supreme Court Justice Arthur Engoron’s staggering ruling last week in a civil fraud case against President Donald Trump. President Trump and Trump Organization executives were ordered on Feb. 16 to pay $355 million in fines, plus interest, after Justice Engoron found them liable for inflating the values of their assets to obtain better rates from lenders and insurers. The judge also barred the former president and his sons from managing their businesses in New York for three years. “I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it,” “Shark Tank” investor Kevin O’Leary told Fox Business on Feb. 19....

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