Shark tank Star Kevin O’Leary stunned CNN hosts when he criticized New York Attorney General Letitia James for behaving like a third-world autocrat by trying to seize former President Donald Trump’s assets.
O’Leary responded to reports that James indicated that if Trump is unable to pay the massive $454 million he owes the state in a civil fraud lawsuit, he will pursue collection efforts.
“If he has no funds to pay the judgment, then we will seek enforcement mechanisms in court and ask the judge to seize his assets,” James told ABC News.
James added that his office is “prepared to ensure that the judgment is paid to New Yorkers, and yes, I watch 40 Wall Street every day.”
This is the address of the Trump Building in Lower Manhattan.
Trump Building seizure possible
I see a lot of people criticizing Letitia James for saying the following:
“If he has no funds to pay the judgment, then we will seek judgment enforcement mechanisms in court and ask the judge to seize his assets.”
This is not… pic.twitter.com/zb5zTY0f5U
—Brian Krassenstein (@krassenstein) February 21, 2024
RELATED: Trump talks about ‘revenge’ against Letitia James
Kevin O’Leary attacks Letitia James
Kevin O’Leary described the large fines imposed on Trump in this civil fraud case as “un-American.”
“What builder doesn’t ask the highest price for any building he builds?” he told the New York Post. It’s a reference to the crux of James’s argument that Trump overvalued his holdings. Which everyone in real estate does.
“It’s not healthy for the country,” O’Leary added. “I want this to be reviewed, appealed and rejected because it is wrong for everyone who participates.”
“It’s scary. He is unfair. I would even go so far as to say that he is not American.”
In light of this absurd civil verdict, we are republishing this video by Kevin O’Leary.
He explains, to CNN of all platforms:
NOBODY lost money!
Trump negotiated like EVERY real estate developer.
Total witch hunt.pic.twitter.com/O2RPUxqErQ
— Steve Cortes (@CortesSteve) February 18, 2024
O’Leary went on to call New York a “losing state,” which it undoubtedly is. I can say this as a New Yorker.
But regardless of my opinion, go ask the residents and legal citizens who struggle to make ends meet while illegal immigrants get a paycheck. Go ask homeowners who lose their homes to squatters, then get arrested while they try to remove them. And ask the victims of crime who pay for years while their attackers take to the streets the next day.
RELATED: ‘Shark Tank’ star Kevin O’Leary sets fire to Trump’s civil ruling
O’Leary: It’s like Venezuela or Cuba
Kevin O’Leary further criticized Letitia James in an appearance on CNN, which must have left the host stunned.
“Forget Trump. Nothing to do with Trump. Do you think this is good for business in New York? Do you think this is good for business in America? he asked.
“Take a law that we use to protect people from buying refrigerators at an overpriced value decades ago, and enforce it against an individual and then talk about seizing assets like what happened in Venezuela or Cuba?”
It was at this point that the CNN host tried to intervene. But O’Leary wasn’t done.
NEW: Shark Tank’s Kevin O’Leary criticizes AG Letitia James and Judge Arthur Engoron for seizing Donald Trump’s assets ‘like Venezuela or Cuba’ during heated shouting match on CNN.
“This may be great for the attorney general, but it’s not good for America.”
“Forget Trump. You… pic.twitter.com/yzb6YhPKfc
— KanekoaTheGreat (@KanekoaTheGreat) March 19, 2024
“This is a very, very, very bad look for a New York, and everyone around the world is watching it,” O’Leary added. “This may be great for the attorney general, but it’s not good for America.”
When the host said the laws were put in place to protect the market, O’Leary countered that this trial and ruling were unprecedented.
“There is no such thing as a half-billion dollar bond. Never been done before. Never. This law has never been enforced,” she explained.
He ran his campaign on a promise to target Trump, a move that previously would have been disqualifying for a prosecutor.
However, today’s Democrats have decided to shatter the integrity of our institutions in prosecuting Trump.
The lady in red works for the Washington… pic.twitter.com/BmFzu3C9kr
— KanekoaTheGreat (@KanekoaTheGreat) March 19, 2024
Not about Trump
“Forget Trump. Nothing to do with Trump. It’s all about America and the New York brand,” continued Kevin O’Leary.
“I love this state. My children live here. This is a horrible message for everyone around the world who watches it. Absolutely awful.
James vowed to target Trump before he was elected. He promised to pursue it. And it’s all driven by higher aspirations. Andrew Cuomo can probably agree too, as he too was a target of his political dreams.
Trump must submit a financial guarantee by Monday.
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