MichaelHendrickson more_horiz @MichaelHendrickson · 15m https://www.theepochtimes.com/us/businessmen-say-they-will-no-longer-invest-in-new-york-after-justice-engorons-trump-ruling-5590942?utm_source=Goodevening&src_src=Goodevening&utm_campaign=gv-02-20-2024&src_cmp=gv-02-20-2024&utm_medium=email&est=AAAAAAAAAAAAAAAAbKwqZx4f3dPH4rRd7zF5DLl7wk9AJCYDRKPekR6SH0Eg+ERURwIxEQ== Businessmen Say They Will No Longer Invest in New York After Justice Engoron’s Trump Ruling The justice’s finding that former President Donald Trump is liable for fraud has some investors taking their business elsewhere. 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. The Canadian businessman, often called “Mr. Wonderful,” described New York as a “mega loser state” for business. “New York was already a loser state, like California’s a loser state,” he said. “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.” Instead, Mr. O’Leary said he would be looking to Oklahoma, North Dakota, and West Virginia for future investment opportunities. “Those are winner states. They don’t do things like this.” President Trump expressed appreciation for Mr. O’Leary’s comments in a post on his Truth Social platform.See less