‘Shark Tank’ mogul Kevin O’Leary announced he is boycotting New York City following Judge Arthur Engoron’s $355 million ruling against former President Donald Trump. The decision was labeled as “corrupt and baseless” by O’Leary, who criticized both AG Letitia James and Judge Engoron for their roles in the case.

“I’m shocked,” O’Leary told Fox News. “There’s no rationale for it. I can’t even understand or fathom the decision at all.” He extended his criticism towards the state of New York, branding it a “loser state” alongside California due to unfavorable policies, high taxes, and uncompetitive regulation.

“[New York] 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.” The reality TV star and entrepreneur also highlighted the impact of the ruling on future investments, particularly in high-end data centers, which are a booming asset class in the real estate sector.

“This has nothing to do with Trump. Forget about Trump. This is not a Trump situation. This is a New York problem now.”