Judge Arthur Engoron concluded that Trump and his two eldest sons had lied about his wealth and assets, leading O'Leary to issue a cautionary message to real estate investors.

O'Leary criticized the ruling, stating that it has shaken the investment community, with some vowing to avoid New York, which he described as already being on the list of "loser states." He emphasized that his stance is not about Trump but rather a reflection of the problematic situation in New York, accusing the state's Democratic leaders of lowering legal standards.

In response to the judgment, Governor Kathy Hochul reassured law-abiding business owners that they have nothing to worry about in light of the unusual circumstances surrounding the case involving Trump. However, O'Leary dismissed her comments, claiming that businesses will likely leave New York for low-tax states such as Texas and Florida in the wake of the ruling.

Trump praised O'Leary's remarks on social media, while the governor's spokesperson directed inquiries to her previous statements on the matter. Hochul affirmed that the state welcomes honest businesses despite the judgment against Trump, emphasizing the need to continue fostering a positive environment for lawful enterprises.

The Post has reached out for comment from Judge Engoron regarding the case.