A New York court has officially ordered former President Donald Trump to pay $464.5 million as a result of a civil fraud trial where Trump was accused of inflating the value of parts of his real estate empire to secure favorable loans.
The ruling is so egregious that many New York business leaders are reportedly considering fleeing the state, and even former Florida Governor and 2016 GOP presidential candidate Jeb Bush - long a top Trump critic - has come to the 45th president's defense.
As Fox Business reported shortly after the Trump ruling was handed down, "Some nationwide real estate investors, like Cardone Capital's Grant Cardone, have started telling their teams to pack their bags and leave New York after the verdict in former President Trump's fraud trial."
"Shark Tank" star Kevin O'Leary has also announced that he will no longer be investing in "Loser" New York, saying that he "Can't even understand or fathom the decision at all." O'Leary advised other real estate investors to follow suit and told The New York Post that he had heard from several peers in the business world who intended to shun New York.
If Trump is indeed required to pay the $464.5 million, every penny will go to the State of New York.
Although not directly related to the Trump case, Remington, the nation's oldest gunmaker, announced just days before Engoron's ruling that it would be moving all of its manufacturing to Georgia following years of anti-Second Amendment policies emanating from Albany.
In each of these cases, as jobs and money were pouring out of New York, it was New York residents and businesses who suffered, while liberal lawmakers patted themselves on the back.
https://amac.us/newsline/economy/trump-fraud-ruling-could-devastate-new-york-economy/
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