Shark Tank’s Kevin O’Leary Says He’ll Never Invest in ‘Loser State’ NY After Trump Rulin

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from The National Pulse:

Kevin O’Leary, a Canadian businessman and co-host of the U.S. television show “Shark Tank,” announced his decision to halt all future investments in New York on Monday, citing the recent judicial order against former U.S. President Donald Trump. Last week, Judge Arthur Engoron ruled that Trump must pay over $350 million and barred him from conducting business in the state for three years. The ruling relates to litigation brought by New York Attorney General Letitia James, which alleged Trump artificially inflated property valuations used to secure advantageous business agreements.

In a Fox Business interview with Neil Cavuto, O’Leary referred to Trump’s actions as a “victimless crime” and expressed concerns about the Empire State’s business climate. The Canadian businessman and television host warned the ruling should make other companies apprehensive of doing business in New York.

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O’Leary — a critic of New York’s regulatory framework — called New York a “loser state” and predicted companies would leave it in favor of “winner states” such as Oklahoma, North Dakota, and West Virginia.

The “Shark Tank” host previously attempted to establish a high-end data center in New York but encountered extensive regulatory and bureaucratic hurdles. He encouraged residents of New York to question why the state has been deemed unattractive for business. O’Leary added that the negative implications of the Trump ruling have extinguished any potential of his new venture being located in the state.

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