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‘Shark Tank’ Host Vows To ‘Never Invest’ In ‘Loser State’ New York Following Trump Ruling

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Gage Skidmore Flickr

Kevin O’Leary, co-host of the TV show “Shark Tank” and a successful investor in his own right, stated in a Monday interview with Fox News host Neil Cavuto that he will never invest in New York after a judge ordered Donald Trump to pay over $350 million in penalties in a civil fraud case.

“I’m not different than any other investor. I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it,” O’Leary told Cavuto.

From Mediaite:

In his New York fraud case, Trump was ordered by Judge Arthur Engoron to pay more than $350 million, and the former president was also barred from doing business in New York for three years. Trump was accused of fraud through past valuations of his properties that were inflated and used to get more beneficial agreements in a civil lawsuit filed by New York Attorney General Letitia James.

O’Leary called Trump’s actions a victimless crime and said other companies are now going to be even more fearful to conduct business in New York, which the Canadian-born O’Leary called a “loser state.”

“It doesn’t matter what the governor says, New York was already a loser state. Like California‘s a loser state. There are many loser states because of policy, high taxes, uncompetitive regulation, it was already on the top of the list of being a loser state. I would never invest in New York now, and I’m not the only person saying that,” he said.

O’Leary, long a vocal critic of New York’s policies for business, described running into massive amounts of red tape while trying to set up a “high end data center” in New York and he’s now abandoning the state for “winner states,” like the Oklahoma, North Dakota, and West Virginia.

“The fine people of New York should ask themselves, why are we such a loser state? How are we going attract business?” O’Leary continued. “It’s not just the existing businesses that are fleeing out to Texas and Florida. What about new money like what I’m talking about?”

“This is a New York problem now,” the businessman, investor and philanthropist concluded.

This article originally appeared on American Liberty News. Republished with permission.

Former PayPal President Ditches Democrat Party, Endorses Trump

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Trump just scored another major donor…

Former president of PayPal David Marcus announced he has switched political parties and endorsed Donald Trump via X.

“I am crossing the Rubicon and backing the Republican Party and President Trump. Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it.”

“My journey has been a gradual political 180 from where I stood in every previous election. It has been an eye-opening process of disenchantment, zero-basing lifelong beliefs, and rebuilding from there,” wrote Marcus.

Marcus cited an anecdote where, in 2017, he was enlisted to raise $100M from Silicon Valley for the Democratic National Convention in order to “prevent a repeat of Hillary Clinton’s inadequate, outdated 2016 campaign.”

David Marcus is aligned with Trump on technology innovations like crypto and AI as well as foreign policy–especially the Middle East. Marcus opined, “on Iran, this administration is continuing a misguided Obama-era plan to bring Iran closer to the West by unfreezing Trump-era sanctions, thus giving the Mollahs’ regime the ability to fund terrorism and pursue its anti-America, anti-Israel, and anti-Jewish agenda.”

“I believe we need a President who is unequivocally pro: America, the Constitution, business, Bitcoin/crypto, innovation, Israel, small government, legal immigration, free speech, meritocracy, and common sense — and anti: regulatory proliferation, illegal immigration, unjust wars, Iran’s current regime, and domestic groups that oppose American values.”

Marcus completed his post by referencing the attempt on former President Trump’s life at a rally in Butler, PA on July 13.

“It’s impossible to close this post without mentioning President Trump’s recent assassination attempt. The courage and resolve he displayed seconds after being hit by a bullet was awe-inspiring for his followers and detractors alike. This was a man, however imperfect, who, at that moment, incarnated the American spirit in the most vivid way, starting to bring a split nation together,” wrote Marcus.

“In this pivotal moment, confronted with the choices we have, I am endorsing and supporting a return to a Republican administration in 2025,” the post concluded.

Trump has seen a number of prominent pro-business donors flock to his campaign this season as Republicans seek to a return to the White House.

Amanda Head: Debt Deal Is A Disaster!

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Capitol Hill is in a frenzy over the latest debt deal reached between lawmakers.

Watch Amanda explain the situation below:

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Trump Returns To Twitter – Now X

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Photo via Pixabay images

Former President Donald Trump’s official X account is back…for now.

The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”

Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”

Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.

“Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.

Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.

Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.

D.C. Waitress Fired After Vowing To Refuse Service To Trump Officials

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A Washington, D.C.-based server has been fired after proudly saying in an interview that she planned to refuse service to Trump officials.

The server was previously employed by Beuchert’s Saloon on Capitol Hill. She took part in a report by Washingtonian magazine about how the service industry would respond to President-elect Donald Trump’s team if they patronized her place of employment.

Most individuals who were interviewed remained anonymous, but Suzannah Van Rooy provided her real name. 

“I personally would refuse to serve any person in office who I know of as being a sex trafficker or trying to deport millions of people,” the server told the outlet, as The Daily Wire previously reported. “It’s not, ‘Oh, we hate Republicans.’ It’s that this person has moral convictions that are strongly opposed to mine, and I don’t feel comfortable serving them.”

“People were a lot more motivated the first time around to do those kinds of shows of passion. This time around, there is kind of a sense of defeat and acceptance,” Van Rooy added. “But I hope that people still do stand up to this administration and tell them their thoughts on their misbehavior.”

Beuchert’s Saloon denounced Van Rooy’s comments and confirmed she was no longer employed there, per Fox News Digital. The neighborhood restaurant and bar called her statements “reprehensible” and “unforgivable.”

“Recent comments made by a member of staff who had no authority to speak on behalf of our entire restaurant have been, quite rightly, flagged as inappropriate, hostile, intolerant, and unacceptable. This staff member does NOT speak for us as a restaurant,” Beuchert’s Saloon said in a statement.

Beuchert’s saloon provided a follow-up after the backlash from the employee’s comments.

“Not only do Ms. Van Rooy’s comments clearly violate our zero-tolerance policy on discrimination, but her decision to sign into our social media accounts in the middle of the night to post her own rhetoric in wildly offensive responses to comments is a further breach of conduct and protocol. She has no authority to speak on our behalf, and her comments do not reflect the positions of over twenty other people who make up our staff,” the statement said.

“For these reasons as well as the sheer dismay and disgust we feel at her unforgivable behavior, Ms. Van Rooy has been dismissed immediately. Our staff and families (many of whom are personally offended by Ms. Van Rooy’s comments about them) are still reeling from what Ms. Van Rooy said and did, and we as a restaurant are simply horrified to be associated with base prejudice.”

Airbnb Co-Founder Opens Up About Leaving Democrat Party to Support Trump

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President Donald Trump participates in a welcome ceremony with Saudi Crown Prince Mohammed Bin Salman Al Saud at the Royal Court Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (Official White House Photo by Daniel Torok)

Earlier this week, Airbnb co-founder Joe Gebbia opened up about why he decided to leave the Democrat Party to support President Donald Trump.

During an interview with former White House official Katie Miller – the wife of White House Deputy Chief of Staff Stephen Miller – Gebbia revealed how he became drawn to the Republican Party through Secretary of Health Robert F. Kennedy Jr. and the crisis at the southern border.

“At what point did you know in the last election that you were like, ‘I wanna help President Trump’? Was it Bobby Kennedy and your love for MAHA? Like, what was it?” asked Miller on The Katie Miller Podcast.

Gebbia responded, “I’ve been on my journey. Everyone’s been on a journey, and I think through, you know, certainly Bobby Kennedy and supporting him, and I’ve been so grateful for the work that he’s doing, to be somebody who just cares so much about the health of our nation, and you know, has no ties to industry and is really just able to bust through walls and sort of, like, right size the ship.”

The Airbnb co-founder revealed that he “grew up in an alternative medicine, health food household,” which made him gravitate towards Kennedy when he ran for president on a “Make America Healthy Again” platform.

Watch:

However, Gebbia told Miller it was the crisis at the southern border that ultimately made him lose faith in the Democratic Party and become a Republican.

“I think it was early 2021, mid-2021, the activity at the border caught my attention, and I just remember thinking, ‘What’s going on with this topic? It seems as if there’s no border,’” he said. “And as it got worse that year, I felt like I needed to understand this problem more, so I reached out to my friends, largely on the Democratic side of the house, at all levels, from the highest level all the way down.”

Gebbia said that while he received “some answers” from friends in the Democratic Party, he ultimately “felt unfulfilled,” and so decided to talk to former Trump senior adviser Jared Kushner about the issue:

I get on the phone with Jared and say, “Hey, can you help me? Fill in the gaps for me. Like, what am I missing here? Is this normal? Like, seems there’s no enforcement of our own border. Like, don’t nations need borders to be a nation?” And so he put me on this curriculum of just talking to experts in the field, and I remember just being like holy cow, this is crazy. Like, this is not right. This is a real problem and there’s no reason why we shouldn’t be enforcing the laws of our country and our border. And so I think, as I started to pull on that thread, I sort of, you know, begin to look at other topics and eventually came to the point where I don’t think I can support a political party that wants to have an open border, that lets in criminals and dangerous people into our country. That’s just not something I can get behind.

Obama Claims New Yorkers ‘Don’t Take Trump Seriously’

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The White House, Public domain, via Wikimedia Commons

During a podcast interview, former President Barack Obama swiped at Donald Trump claiming the former President is not taken “seriously” in the city he called home for years, New York City.

Obama appeared alongside Bill Clinton and President Biden in the newest episode of the “SmartLess” podcast. 

Obama was asked on the “SmartLess” podcast by co-host Jason Bateman whether he was surprised how quickly the “protection and passion for democracy was diluted” in recent years. Obama responded by noting the trend began during former President Clinton’s time in the White House before accelerating during his presidency.

“I have been surprised that there haven’t been guardrails inside the Republican Party. Trump didn’t surprise me,” he said, before taking aim at Trump.

“I mean, he comes from New York. There’s nobody in New York who does business with him or lend him money. He’s not considered a serious guy here,” Obama added.

Obama went on to explain how he thought more Republicans would say some of Trump’s behavior went too far.

“But, so I was surprised he was elected, but I wasn’t surprised in terms of his behavior. I did expect, and I suspect Bill and Joe, you’d agree with this, that there would be some folks in the Republican Party who would say, no, you can’t go that far. You can’t start praising Putin and saying that his intelligence is better than the US intelligence agencies,” he said.

Trump is currently on trial in New York for falsifying business records to make alleged hush money payments to porn actress Stormy Daniels.

Trump Media Investor Convicted Of Insider Trading

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Arrest image via Pixabay

On Thursday, a Manhattan grand jury found financier Bruce Garelick guilty of insider trading charges in a scheme that involved the merger of former President Donald J. Trump’s social media company with a publicly traded shell company.

Federal prosecutors had charged Garelick with five counts of securities fraud and conspiracy. 

Authorities claimed Garelick shared confidential information with his boss and at least one other person that Trump Media & Technology Group, the parent company of Truth Social, was close to announcing a merger with Digital World Acquisition Group, the shell company.

Mr. Garelick, 54, a former hedge fund manager, had been a board member of Digital World. 

The New York Times has more:

The information helped two brothers — Michael Shvartsman and Gerald Shvartsman — make nearly $23 million in illegal trading profits by buying Digital World securities in advance of the announcement, which sent the stock soaring. Mr. Garelick, who worked for Michael Shvartsman at a small Miami-based venture capital firm called Rocket One, made about $50,000 by trading off what authorities said was nonpublic information.

Last month, the Shvartsman brothers decided to forgo a trial and pleaded guilty to securities fraud charges. In their plea agreements, prosecutors have recommended a sentence of roughly four to five years for Michael Shvartsman; and three to four years for his younger brother.

Digital World raised about $300 million from investors in its initial public offering in September 2021. A little over a month later, the SPAC announced a deal to merge with Trump Media. After a long delay, the merger was completed in March and Trump Media became a publicly traded company. Mr. Trump’s nearly 70 percent stake in the firm is worth about $6 billion.

In a closing argument, Daniel Nessim, a federal prosecutor, described Mr. Garelick as a “sophisticated professional” who “cheated” and used inside information to benefit himself and his boss, Michael Shvartsman.

Garelick could face at least 25 years in prison.

This is a breaking news story. Please check back for updates.

Trump’s Truth Social Merger Deal Hits A Pause

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Photo via Gage Skidmore Flickr

It’s a bad time to be Trump…

New reports indicate the potential merger deal with the former President’s Truth Social platform is dead in the water.

The Daily Beast reports:

The public shell corporation that has been preparing to merge with former President Donald Trump’s technology firm—the parent company of his social media platform, Truth Social—announced Thursday that it was dropping its plans to pursue the merger through a specialized process called a ​​private investment in public equity (PIPE) transaction. The company also said it planned to return $533 million it had raised from investors to complete the deal. The merger between Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, and Trump Media & Technology Group failed to materialize by a September 2022 deadline set by U.S. regulators, giving DWAC the option to back out of the deal. A TMTG spokesperson claimed in a release Thursday that the two companies still planned to merge and said the development was, in fact, a positive step—but declined to comment when pressed by Reuters to say how backing out of the PIPE deal would benefit either party.

This is a breaking news story. Click refresh for the latest updates.

Trump Files To Overturn Latest Conviction After SCOTUS Ruling

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Gavel via Wikimedia Commons Image

On Monday, former President Donald Trump moved to overturn his criminal conviction in the Manhattan hush-money case after the Supreme Court ruled presidents have immunity for “official acts” committed while in office.

Manhattan District Attorney Alvin Bragg charged the former president in May with 34 counts of falsifying business records in the first degree. Trump pleaded not guilty to all counts in the Manhattan case.  

Lawyers for Trump had filed a motion to dismiss the verdict hours after the Supreme Court’s ruling. 

Duncan Lock, Dflock, CC BY-SA 3.0 via Wikimedia Commons

The motion came on the same day that the district attorney’s office sent sentencing recommendations to Judge Juan M. Merchan – who presided over the Manhattan trial – though it remains unclear whether that will be seen by the public, per reporting from The New York Times.  
Judge Merchan has received a letter from Trump’s lawyers, a person familiar with the matter confirmed to Fox News Digital

The letter asks for permission to file a motion to vacate the jury’s Manhattan verdict, asks for a delay of the July 11 sentencing, and cites the high court’s decision in arguing that evidence was included at trial that should not have been admitted. 

To file a motion in New York, defendants must first request permission from the judge in the case. 

On Tuesday, Manhattan prosecutors agreed with Donald J. Trump’s request to postpone his criminal sentencing so that the judge overseeing the case could weigh whether a recent U.S. Supreme Court ruling might impact his conviction, according to The New York Times.

On Monday, the Supreme Court ruled 6-3 that a former president has absolute immunity for his core constitutional powers.

Former presidents are also entitled to at least a presumption of immunity for their official acts. There is no immunity, the court holds, for unofficial acts.

The Supreme Court returned the case to the trial court to determine what is left of special counsel Jack Smith’s indictment against the former President.