Business mogul and "Shark Tank" star Kevin O'Leary has expressed concern over the legal turmoil surrounding former President Donald Trump in New York. O'Leary believes that the ongoing situation is damaging the reputation of American financial markets on a global scale.
Trump is facing the possibility of losing properties following a ruling in his civil fraud case. He has until Monday to secure a $464 million bond required by the court, or his assets may be seized by the attorney general. Trump's lawyers have argued that obtaining the bond is a "practical impossibility" due to being turned down by multiple surety companies.
O'Leary emphasized the importance of property rights, an appellate system, and a legal system that people trust in the United States. He stated that the country is known for being a safe haven for investing large amounts of capital, and the current situation in New York is concerning for investors.
The "Shark Tank" star called for the involvement of an appellate court to provide a second opinion on the matter. He criticized the legal proceedings in New York, describing them as chaotic and lacking proper oversight.
Overall, O'Leary's comments reflect a growing unease among investors and financial experts regarding the legal challenges facing Trump in New York. The situation has raised concerns about the stability and reliability of American financial markets in the eyes of the international community.