Business leaders speak out about Trump guilty verdict, with one immediately donating $300K

Business leaders sounded off following former President Trump's conviction in his New York criminal trial. Billionaire Elon Musk and other mega-weathly Americans threw their support behind Trump after the verdict came down on Thursday, with one donating $300k alone. "I just donated $300k to Trump. I’m prepared to lose friends. Here’s why," Sequoia founder Shaun Maguire wrote in an extended post on X.

Indeed, great damage was done today to the public’s faith in the American legal system. If a former President can be criminally convicted over such a trivial matter – motivated by politics, rather than justice – then anyone is at risk of a similar fate," he wrote. Craft Ventures executive David Sacks described Maguire's donation as an "act of courage." He argued that Trump has "a lot of supporters in Silicon Valley" but "many are just afraid to admit it.

Trump himself described the trial's verdict as a "disgrace" on Thursday. He is expected to appeal the ruling.

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