"This Is An Attack On America": Kevin O'Leary Blasts Letitia James For Possible Seizure of Trump Assets

Tyler Durden's Photo
by Tyler Durden
Wednesday, Mar 20, 2024 - 02:20 PM

O'Leary Ventures chairman and "Shark Tank" star Kevin O'Leary blasted New York Attorney General Letitia James over the potential seizure of former President Trump's assets should he fail to secure a $464 million appeal bond relating to the New York civil fraud judgment against him. 

"What a great message to send out all around the world," O'Leary told a CNN host on Tuesday. 

On Monday, Trump's lawyers admitted in a court filing that obtaining that bond was a "practical impossibility under the circumstances presented." 

"Take a claim where no money was lost," O'Leary said, adding, "There was no fraud here in the context of actually people losing money."

He said, "This may be great for the attorney general, but this is not good for America."

"Forget about Trump. Do you think this is good for business in New York? You think this is good for business in America?" he continued. 

O'Leary said, "To take a law that we use to protect people against buying refrigerators at an overpriced value decades ago, and apply it against an individual and then talk about seizing assets like he was in Venezuela or in Cuba?"

O'Leary also spoke with Fox News, telling hosts, "This has absolutely nothing to do with Donald Trump at this point. This is an attack on America. And I don't know how you can look at it any other way." 

In February, O'Leary told Fox Business that investors are limiting the amount of money they fund projects in New York, citing ongoing concerns that radical progressives in the state could seize assets. 

"Capital comes to America because of the stability of the justice system," he told Fox's Maria Bartiromo, adding, "This is not stable, in terms of many people's eyes, domestically and internationally, seizing assets happens in Venezuela, it doesn't happen in New York. So this is a little scary."

Democrats are setting a dangerous precedence in the weaponization of the judicial system against their political opponents ahead of a presidential election. They're willing to stoop to banana republic status while the world watches such reckless acts. The vibe from conservative investors has been to boycott New York and California for more friendlier (and safer) states such as Texas and Florida.