Billionaire CEO, real estate investor on impact of Trump verdict: 'Nobody wants to do business' in NYC

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If a once-business-tycoon and former president can be found guilty, it can happen to 'anybody' and 'a lot of businesses' in New York, John Catsimatidis and Grant Cardone warned.

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 on "Mornings with Maria" Friday.

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. 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 4 years.

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