Trump fraud verdict slammed by ‘Shark Tank’ star Kevin O’Leary

Trump fraud verdict slammed by ‘Shark Tank’ star Kevin O’Leary

Kevin O’Leary, a well-known investor and TV personality, criticized the $355 million business fraud judgment against former President Trump on Wednesday, saying it was issued by a “rogue judge” and will be overturned on appeal. O’Leary said the judgment violated the US brand of being a safe and reliable place for investments, and that it endangered the future of in vitro fertilization (IVF) treatment in New York.

Kevin O’Leary

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The judgment, which was the first of its kind in the US, was handed down by New York District Attorney Letitia James (D) on Friday. It found that Trump had inflated his net worth and the value of his properties to get better loans and insurance deals, and that he had committed fraud against banks and insurers. Trump was also barred from running any businesses in New York for three years.

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O’Leary, who is a co-host of the popular show “Shark Tank”, told Blake Burman on “The Hill on NewsNation” on Wednesday that the judgment was “a rogue settlement” and that it should be repealed by the appellate courts. He also said that he would never invest in New York now, and that he was not alone in feeling that way. “It was already on the top of the list of being a loser state,” O’Leary said.

O’Leary also expressed concern about the impact of the judgment on IVF treatment, which he said was often the only option for couples who wanted to conceive. He said that the judgment implied that frozen embryos were children and could be sued for wrongful death, which could increase the liability and cost of IVF treatment, discourage medical providers from offering it, and force parents to pay for indefinite storage of embryos they may not want or need.

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One of the state’s health systems, the University of Alabama at Birmingham (UAB), announced on Tuesday that it was suspending IVF treatment after the judgment, citing the potential legal risks for its patients and physicians. The Alabama Medical Association also warned that other health systems would likely follow suit, and that the judgment would likely lead to fewer babies in the state.
Source : THE HILL

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