REIT - 'This Is A Huge Mistake': Shark Tank's Kevin O'Leary Blasts New York Court's Ruling On Trump's Civil Fraud Verdict | Benzinga
“Shark Tank” investor Kevin O’Leary blasted the recent verdict on former president Donald Trump‘s New York civil fraud case, calling it an “assault” on the real estate market.
What Happened: O’Leary expressed his disappointment with the Manhattan Supreme Court’s ruling, where Justice Arthur Engoron imposed a $355 million financial penalty on Trump along with a three-year temporary ban on business activities within New York, Fox News reported on Sunday.
“This case isn’t really just about Donald Trump. It’s an assault on the 11th Sector [of] the S&P500, which is the real estate,” O’Leary said.
The investor explained that real estate is one of the biggest generators of cash and job opportunities and is included among the 11 pivotal sectors of the economy. But ...