Businessmen Say They Will No Longer Invest in New York After Justice Engoron’s Trump Ruling

The justice’s finding that former President Donald Trump is liable for fraud has some investors taking their business elsewhere.

A general view shows the Manhattan skyline from the One Vanderbilt viewing deck in New York City on Jan. 16, 2023. Ed Jones/AFP via Getty Images

Some real estate investors are losing interest in investing in the Big Apple after New York Supreme Court Justice Arthur Engoron’s staggering ruling last week in a civil fraud case against President Donald Trump.

President Trump and Trump Organization executives were ordered on Feb. 16 to pay $355 million in fines, plus interest, after Justice Engoron found them liable for inflating the values of their assets to obtain better rates from lenders and insurers.