Kevin O’Leary, the sharp-tongued investor known from “Shark Tank,” didn’t hold back on CNN when discussing Donald Trump’s recent verdict in New York. The discussion got heated as O’Leary fired back at CNN’s Laura Coates, questioning, “What fraud?!” He swiftly redirected the conversation away from Trump, emphasizing the broader implications for the real estate industry.

O’Leary passionately defended developers, highlighting the common practice of valuing properties for loan purposes. He argued against singling out Trump, insisting that penalizing one developer sets a dangerous precedent for the entire industry.

Expressing concern for New York’s investment climate, O’Leary warned of potential repercussions on a global scale. He suggested that such rulings could drive investors away from New York to states with friendlier business environments.

In a bold move, O’Leary announced his personal boycott of New York City following the Trump verdict. In an interview with Fox News, he expressed shock and disbelief, questioning the rationale behind the decision.

Expanding his criticism to encompass New York State, O’Leary condemned its policies, taxation, and regulatory framework. He labeled it a “loser state” alongside California, citing unfavorable conditions for business.

The landmark ruling delivered by Judge Engoron on Friday ordered Trump to pay over $350 million and imposed restrictions on his business activities in New York for three years.

The judgment, stemming from allegations of inflating asset values, marks a significant blow to Trump’s business empire.

New York Attorney General Letitia James accused Trump and his company of fraudulent activities, alleging submission of false financial data to secure loans and insurance benefits. Despite vehement denial from the defense, the court found substantial evidence of wrongdoing and imposed various remedies, including oversight mechanisms and business restrictions.

As Trump prepares to face criminal charges on March 25 for falsification of business records, the legal saga surrounding the former president continues to unfold. Maintaining his innocence, Trump entered a plea of not guilty during a pretrial hearing on March 30, 2023, for charges related to a 2016 payment to Stormy Daniels.