Investors Flee New York on Heels of Outrageous Trump "Fraud" Ruling

Utter nonsense.

No one is coming to replace the major investors that are cutting out.

"Create a Crime" has effectively screwed New Yorkers out of $BILLIONS of investment they desperately need.

Read/watch the OP links.

“major investors,” all I’ve seen is half dozen demagogued in the right wing media, and as I said, it is NYC, other “major investors” will step right in to replace them
 
Trump Fraud Ruling Could Devastate New York Economy

....If the rulings stand, “blue-state politicians may have the satisfaction of ‘sticking it’ to Messrs. Trump and Musk, but the loss to those states will be significant,” the op-ed continues.

That already appears to be the case, as some business leaders have indicated they are shutting down operations in the Empire State.

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.”

Cardone told the network that when he heard about the verdict, “it was like, pencils down. Don’t touch it. Don’t go there.”

“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.

In a separate interview with NewsNation, O’Leary added that the Trump judgement came from a “rogue judge,” referring to Judge Arthur Engoron, who decided the case. As Rich Lowry wrote for National Review, Engoron’s decision “is the handiwork of an elected Democratic judge in a case brought by an elected Democratic prosecutor [New York Attorney General Letitia James] who pledged in her election campaign to pursue Trump.”

O’Leary and other real estate experts have likewise noted the absurdity of the case against Trump, which is based on claims that he inflated the actual value of his real estate holdings in order to secure more favorable loan terms for future projects. As O’Leary put it when discussing the case last year, “Every single real estate developer everywhere on earth does this. They always talk about their asset being worth a lot and the bank says no. That’s just the way it is.”

As Bush and Lonsdale also noted in the Journal, “Bankers from Deutsche Bank, which lent money to Mr. Trump, testified that they were satisfied with having done so, given they were paid back on time and with interest. They also testified that they were uncertain whether the alleged exaggerations would have affected the terms of the loans to Mr. Trump—a key part of Ms. James’s case.”



https://amac.us/newsline/economy/tr...hortly,former President Trump's fraud trial.”

It’s a blog, a blog using Fox as it’s source and reproduced in a retirement journal, want to know what my barber thinks, what’s the difference
 
“Guno” got this thread right away back in the beginning, “Oh no! another flyover country rube thread that NY is finished,” couldn’t have been put any better
 
Really? Where did the invest in NYC? According to their website all their major investments are in Florida and Texas with one investment in Arizona, Georgia and Alabama.

I don't lie to myself. I rely on actual facts which is why I checked their investment page on their website.
https://cardonecapital.com/investments/

Are you accusing Cardone of violating SEC rules by using investor money in places they don't tell them about?

Learn what 'fact' means, Sock. It does NOT mean 'Universal Truth'.

Grant Cardone, like Trump, is a real estate developer. He mostly has properties in Florida, but also has some in Georgia and Arizona. He also invests in other properties (along with others) in places like NYC until recently), and elsewhere, and does not own those properties outright.

He is telling his investment team to leave NYC and conduct no further investments there. He's not the only one leaving NYC to it's own destruction.

There is simply no reason to invest in NYC right now, when New York just takes without due process with without authority and with how lawless NYC has become.
 
Fraudsters are running scared and out of NYS and that is a GOOD thing.

It will result in so much more investment from those investors who do not want fraud to go unpunished in any market. Fraud is the #1 thing most investors want dealt with. They are ok with losing their money because a business failed but not because someone like Trump lied to them and committed fraud to get them to invest.
 
...and crooked business owners to do the same. They know when it's time to fold the carnival tent and move to easier pickings. Florida, amirite? LOL

How many old geezers will dump $100K into a Florida real estate deal and end up owning a half acre alligator pond, Terry?

Is that what happened to you?

Alligators get everywhere, Sock. There is no 'alligator pond'.
 
A question you wouldn’t ask if you were familiar with commercial lending practices. Also beside the point. A fraudulent representation is fraud whether or not the party lied to had other means of knowing the truth.

But I agree with your argument that bankers should know better than believe what Donald Trump tells them.

No fraud, dumbass. No one was defrauded.
 
"....Cardone told the network that when he heard about the verdict, “it was like, pencils down. Don’t touch it. Don’t go there.”



“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.

In a separate interview with NewsNation, O’Leary added that the Trump judgement came from a “rogue judge,” referring to Judge Arthur Engoron, who decided the case. As Rich Lowry wrote for National Review, Engoron’s decision “is the handiwork of an elected Democratic judge in a case brought by an elected Democratic prosecutor [New York Attorney General Letitia James] who pledged in her election campaign to pursue Trump.”

O’Leary and other real estate experts have likewise noted the absurdity of the case against Trump, which is based on claims that he inflated the actual value of his real estate holdings in order to secure more favorable loan terms for future projects. As O’Leary put it when discussing the case last year, “Every single real estate developer everywhere on earth does this. They always talk about their asset being worth a lot and the bank says no. That’s just the way it is.”

As Bush and Lonsdale also noted in the Journal, “Bankers from Deutsche Bank, which lent money to Mr. Trump, testified that they were satisfied with having done so, given they were paid back on time and with interest. They also testified that they were uncertain whether the alleged exaggerations would have affected the terms of the loans to Mr. Trump—a key part of Ms. James’s case.”
 
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