By 
In an interview with CNN, Kevin O’Leary of Shark Tank fame, said that the possibility of Donald Trump having his assets seized as a result of not being able to secure a bond for his $464 million penalty “may be great for the attorney general, but this is not good for America.”
“Forget about Trump,” O’Leary said. “You think this is good for business in New York? You think this is good for business in America?”
Don’t Miss:
Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
Trump himself has voiced his disapproval of the decision, posting on his Truth Social platform (which could come public via a SPAC merger with Digital World Acquisition Corp. (NASDAQ: DWAC) in the near future), “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision,” according to a report from The Hill.
“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone,” Trump continued. “Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”
This news comes after 30 surety companies declined Trump’s request for a bond, as Benzinga previously reported.
“There are no half-a-billion dollar bonds,” O’Leary said. “Never been done before. Never. This law has never been applied.”
Read Next:
Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
Kevin O’Leary Photo by Kathy Hutchins on Shutterstock
“ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!
Get the latest stock analysis from Benzinga?
This article Kevin O’Leary Says Seizing Donald Trump’s Assets ‘Like He Was in Venezuela or in Cuba’ Is Not Good for Business in New York or America originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments