“Shark Tank” star Kevin O’Leary said New York Attorney General Letitia James’ threat to seize former President Donald Trump’s assets is “an attack on America.”
James has said she is ready to seize Trump’s buildings and assets if he does not post his $464 million bond which a judge ordered him to pay in relation to the lawsuit brought forth by the attorney general.
“You think about America, the reason this is the number one economy on Earth is that we have laws and we have due process and we have property rights. It attracts foreign capital from around the world,” O’Leary began on Fox News’s “Outnumbered” Tuesday. “All of that is being shaken to the core here. The concept of seizing assets is on a 30-day bond number has never been issued. No insurance company has ever issued anything near this so there’s no chance it was gonna happen. And only giving 30 days’ notice in time, that’s a really bad message and I think New Yorkers should think well past Trump, whether he’s president or not or either this attorney general is gone [in] four or not, it’s irrelevant.”
“This is case setting against the American brand. The most stable country on Earth anywhere to put capital for a long period of time, particularly in real estate, is the United States of America,” he continued. “This is an assault on what we believe to be core and I find it extraordinary, I think it’s very troubling, it has absolutely nothing to do with Donald Trump at this point in my view and it is completely bipartisan. This is an attack on America, and I don’t how you can look at it any other way.”
James filed a lawsuit against the Trump Organization alleging that the former president committed fraud and overvalued his property and wealth to get more favorable loans. She was initially seeking $250 million in damages and later requested $370 million. (RELATED: ‘Mega-Loser State’: Kevin O’Leary Says He Will ‘Never’ Invest In New York After Trump Ruling)
Judge Arthur Engoron ruled Trump liable for allegedly deceiving banks and insurance companies in September. He ordered the former president to pay $350 million in damages in a Feb. 16 ruling following a three-week trial and banned him from being an officer or director of any company or organization in New York for three years.
Trump’s lawyers said that Trump paying the full amount by the March 25 deadline is a “practical impossibility,” Politico reported. Engoron denied Trump’s legal team’s request last month to pause the judgment.