Trump civil fraud case: Judge fines Trump $354M, says frauds 'shock the conscience'

In a workmanlike tone contrasting with the day's initial vitriol, Trump has been issuing mostly terse responses to the state's questions about his properties in Chicago and Washington, D.C.

While earlier witnesses, including Trump's sons and key Trump Organization executives, often struggled to recall details of transactions while on the stand, Trump has been demonstrating a sharp recollection of decade-old transactions and emails.

State attorney Kevin Wallace marched through a series of questions about loan documents related to those properties, with the former president cooperating with his line of inquiry.

When Wallace brought up the loan agreement for a Trump-owned building in Chicago, Trump launched into a defense of the loan, which he said he paid off in full and ahead of schedule.

"This loan was paid off in full, with no default, no problem," Trump said. "It was a very successful loan ... so the bank was thrilled."

"There was no victim," Trump added.

Testimony has resumed following the lunch break, with state attorneys asking the former president about his net worth as it related to loan requirements.

Trump agreed to maintain a net worth of $2.5 billion and cash in excess of $50 million when Deutsche Bank granted him a loan in 2011 for his Trump National Doral golf club, according to documents entered into evidence.

Asked about those covenants -- which Trump satisfied by certifying his financial statements -- Trump only addressed the cash on hand.

"They always want to make sure the cash was substantial," Trump said, claiming that he had $300 to $400 million in cash at the time.

"I've had a lot of cash for a long time," Trump said. "That is all they cared about."

Trump attorney Alina Habba assailed the New York attorney general's $250 million civil case and the judge overseeing it, in remarks to reporters during the lunch break.

"What I'm seeing is such a demise of the American judicial system," Habba said outside the courthouse. "They’ve got nothing but their politics."

"This is a judge who clearly has an issue with facts that are not good for the case," she said of Judge Arthur Engoron.

The courtroom has broken for lunch before Trump's testimony resumes for the afternoon session.

Trump testified in the morning session that he tasked then-Trump Organization executives Jeffrey McConney and Allen Weisselberg to work with a "very highly paid accounting firm" to handle his annual statements of financial condition, distancing himself from the preparation of the statements that are at the center of the New York attorney general's case.

"All I did was authorize for people to give what was necessary so they could do the statement," Trump said.

Asked about the valuation of his Mar-a-Lago Club in Florida, which was assessed at a dramatically lower value than Trump claimed because a deed restriction prevented it from being used as anything but a social club, Trump defended his valuation, saying, "We have the right to change it back to a house."

The former president also continued to tout his financial statements' so-called "worthless" clause which he said ensured that banks did not take the statement at face value.

"We have a disclaimer that says, 'Do your own due diligence. Don't under any circumstances count on anything here,'" Trump said in court, at one point waving a piece of paper in the air about the clause that he said vindicated him.

"I would love to read that if I could, your honor?" Trump asked Judge Engoron.

"No," Engoron said, shooting down the request.

"No shock," Trump quipped.