Posted on 06/02/2024 4:44:56 AM PDT by bert
John Catsimatidis, Grant Cardone react to Trump being found guilty on all 34 counts in hush money trial
Prominent business executives have warned that more New York enterprises and their leaders may fall victim to "no rule of law" in the wake of Donald Trump’s guilty verdict.
"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," billionaire CEO John Catsimatidis said Friday on "Mornings with Maria."
"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?," the Cardone Capital founder also chimed in Friday on "Varney & Co."
"The city was shocked. The country was shocked. The world was shocked, and it was just mind-boggling. People texted me that they just got home and their wives were crying. We have to bring back the rule of law," Catsimatidis added in reaction.
On Thursday, former President Trump was found guilty on all counts in his historic and unprecedented criminal trial, making him the first former president of the United States to be convicted of a crime.
John Catsimatidis, Donald Trump, Grant Cardone American business leaders John Catsimatidis, left, and Grant Cardone, right, talk about the economic and legal impact of former President Trump's guilty verdict on FOX Business on Friday. (Fox News)
Manhattan District Attorney Alvin Bragg charged Trump with 34 counts of falsifying business records in the first degree, though Trump pleaded not guilty to all counts.
Trump faces a maximum sentence of 136 years total, as each count carries a maximum prison sentence of four years. Additionally, trial attorney Mercedes Colwin reported that the NY v. Trump case carried an estimated taxpayer cost of $2 million over six weeks, with $50,000 per day being spent on safety precautions.
Cardone recently pulled his business out of the Empire State and cautioned that Trump’s legal troubles — including a previous $355 million fine in a New York civil fraud case in February — would "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," the investor argued.
Cardone Capital founder Grant Cardone doubles down on his commitment to keep future investment out of the Empire State in the wake of Trump's guilty verdict.video If they can do this to Trump, 'what can they do to Grant Cardone?' Cardone Capital founder Grant Cardone doubles down on his commitment to keep future investment out of the Empire State in the wake of Trump's guilty verdict.
"That's one of the greatest cities on planet Earth. And nobody wants to go there and do business," Cardone continued. "I blame the legal system. Clearly, the political system has been weaponized."
After the verdict was read Thursday, Catsimatidis, who is the chairman and CEO of Red Apple Group and United Refining Company, allegedly attended a private dinner with Trump and 15 others. The CEO claimed the 45th president appeared to be in "good spirits" despite the conviction.
"He went around, and I asked about who the next vice president should be. Everybody gave him advice," Catsimatidis detailed. "The one advice that has resonated amongst the friends that I told it to, I said, not only should you pick the right vice president, you should announce your entire Cabinet. Something that's never been done before. And run as a team. Because we've got to take back America."
"We have to change the world. And President Trump is the only one that has the courage, actually, to make a difference in the world," he added. "And that message has to go through."
The current Freep must be to ostracize and boycott New York
No valid law was ever invoked in this travesty of a trial. If not reversed on error, the underlying “crime” is based on doubtful logic, and there was no damage done except for the complete mistrust of the legal system, which is a serious blow to the comity and tranquility of the nation.
I’m from Jersey, about an hours drive to N.Y. except during rush hour. I have not been to the city in about 10 years, and won’t go there, unless Jimi Hendrix and Stevie Ray come back to life and jam at the Garden. Rudy Giuliani cleaned the rat hole up, but now it’s a rat hole again. I kind of wish Gore was right and the whole damn city was under water.
Actually, as a billionaire, it is now one of the safest places to invest.
They have already shown that it was politically motivated, and everything after this is to reassure investors that they won’t be next.
It was always about Trump.
Now, will their investments in NYC be better than, say, Moscow or Tel Aviv?
LAWLESS NEW YORK… We need a campaign like “Virginia is for Lovers” It’s got to be a short concise memory sticking statement against New York. People need to avoid putting any money into the coffers of the state of New York. There may be many good people in the state but these good people have got to do something about the lawlessness. Hanging Judge Merchan is going to sentence President Trump to jail. He doesn’t care. He is obsessed with his power. He is going to make a point and prove that no one can come against the power of the lawless ones. Just imagine yourself caught up in any legal issue with this type of legal system that can trump up charges and imprison you if you “cross” them. God have mercy on these people - they will answer to a Holy God one day.
Between this and the general lack of public safety, it’s all collateral damage. The Dem strategy is — Burn it to the ground and rule the ashes.
Makes it easy for interested buyers to buy real estate at a discount. Kind of the same as moving homeless into an area so people move away.
New York City - The BAD Apple
Well-stated. The EVIL individuals of this INJUSTICE see no consequences for their dirty deeds.
Is the first amendment now moot in New Youk? For everybody?
If you wanted to destroy New York, or the country, what would you do differently?
The revolution is the agenda.
“No damage done?” You kiddin’ me?
What about the legal fees Trump has had to pay? What about the restrictions on his freedom of movement?
They will do it to you, too. The precedent has been set.
“New York is for Lawfare”.
BFL
“They have already shown that it was politically motivated, and everything after this is to reassure investors that they won’t be next.”
I disagree. I believe it just wet the appetite of the Leftist. There will now be legal action against companies, their CEO’s, and Board of Directors over Climate Change and DEI. The Left never willingly lets go of power.
Campaign slogan? “ Welcome to Miami! “ (will smith)
F New York. I should have figured this out earlier. My ex-wife is from New York state. (*&^%(&*(*!!!
I plan to have nothing to do with that shit-hole state ever again.
Not just NY City but the entire state in general.
you should announce your entire Cabinet. Something that’s never been done before. And run as a team. Because we’ve got to take back America.” Thanks John i’ve been saying this for years. Needs a shadow cabinet to defy each and every policy decision FJB and his handlers make.
It’s only a discount if the underlying value is still there. When the value goes to zero it isn’t really a discount.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.