Popular Articles
Today Week Month Year

ESCAPE FROM NY: Rigged Trump trial will devastate NY real estate and commercial investment sector
By Cassie B. // Jun 04, 2024

Some prominent New York real estate investors are warning that the rigged Trump trial will have a devastating effect on real estate and commercial investment in the city.

One expert voicing this concern is Cardone Capital Founder Grant Cardone, who spoke to Fox Business about the effects the trial could have on the city’s economy. Cardone, who recently pulled his business out of New York, said that the way the trial played out will leave many people unwilling to do business there because they can no longer trust the legal system.

In fact, Cardone said that those who invest their money with him won’t even let him conduct business there, telling the network: “If they can do this to Donald Trump, a former president, regardless of how you feel about the politics, if they can do this to a former president, what can they do to Grant Cardone? What can they do to any other businessman?”

In addition to the trial, Trump’s mounting legal woes there – particularly the $355 million fine he was issued in February as part of his New York civil fraud case – will “wreak financial havoc on the city.”

“I have 15,000 investors with me at Cardone Capital. We’ve raised $1.3 billion. If I went to them today and said, ‘I want to invest in New York City,’ they would not give me money to do that,” he asserted.

He went on to say that although New York City is one of the best cities in the world, no one wants to do business there.

“I blame the legal system. Clearly, the political system has been weaponized,” he added.

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Speak freely without censorship at the new decentralized, blockchain-power Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

New York also suffers from numerous other problems, with crime growing out of control in the liberal-run city as criminals are often not held accountable for their actions. The city is also seeing its tax revenue dropping as residents leave the city in search of better places to live, especially as the border crisis continues and migrants flood into the city.

Cardone said his company has reallocated $500 million it originally intended to invest in New York into real estate investments in Florida instead.

"As great a city as New York City is, I need stability in the marketplace. And right now you have problems picking up the trash," he said.

“No rule of law”

Billionaire and New York City supermarket chain owner John Catsimatidis shared a similar sentiment on Mornings with Maria, saying that what happened to Trump could happen to anyone doing business there.

"If they can do this to a business person like Donald Trump, they could do it to anybody in New York and a lot of businesses. A lot of people are concerned that there is no rule of law," he cautioned.

Trump was found guilty on all 34 counts that Manhattan District Attorney Alvin Bragg charged him with and is now facing a maximum sentence of 136 years. The unprecedented criminal trial related to falsified business records and is estimated to have cost taxpayers $2 million across its six weeks; safety precautions for the former president's trial cost $50,000 per day.

The trial was rife with missteps and injustices, including a biased judge who refused to recuse himself even though his daughter works for the Democratic party and ludicrous instructions to jurors that they didn’t even have to agree on which law he broke.

Trump’s sentencing is scheduled for July 11. He said his trial was “rigged” and “disgraceful” and has vowed to continue his fight as well as his presidential campaign.

Sources for this article include:




Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.