In an interview with CNN, Kevin O'Leary of Shark Tank fame, said that the possibility of Donald Trump having his assets seized as a result of not being able to secure a bond for his $464 million penalty "may be great for the attorney general, but this is not good for America."
"Forget about Trump," O'Leary said. "You think this is good for business in New York? You think this is good for business in America?"
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Trump himself has voiced his disapproval of the decision, posting on his Truth Social platform (which could come public via a SPAC merger with Digital World Acquisition Corp. DWAC in the near future), "Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision," according to a report from The Hill.
"I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone," Trump continued. "Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”
This news comes after 30 surety companies declined Trump's request for a bond, as Benzinga previously reported.
“There are no half-a-billion dollar bonds," O'Leary said. "Never been done before. Never. This law has never been applied.”
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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