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

New York Attorney General Letitia James on Friday released video of former President Trump's April 2023 deposition in the case.

Video of the deposition, the transcript of which was released by the attorney general in August 2023, was released as part of a public records request.

As ABC News reported in August, Trump in the deposition called his real estate portfolio "the Mona Lisa of properties" and suggested his assets were worth far more than what appeared in his statements of financial condition that are at the center of the New York AG's case.

The videotaped deposition proved to be a preview of Trump's testimony at trial earlier this month, in which he bragged about his finances and declared himself "an innocent man."

New York's highest court has upheld the limited gag order in Donald Trump's civil fraud trial.

"On the Court's own motion, appeal dismissed, without costs, upon the ground that no substantial constitutional question is directly involved. Motion for a stay dismissed as academic," New York's Court of Appeals said in a two-sentence ruling issued Tuesday.

The gag order barred Trump and his lawyers from commenting on Judge Arthur Engoron's staff during the former president's 11-week civil fraud trial.

A decision in the case is expected later this month, after closing arguments wrapped up last week.

New York State Attorney General Letitia James, speaking to reporters outside court following the conclusion of closing arguments, dismissed the idea that her case against Donald Trump is about politics.

"This case has never been about politics, personal vendetta, or about name calling. This case is about the facts and the law, and Mr. Donald Trump violated the law," James said.

James thanked her team, the judge, and Trump's lawyers before repeating her confidence that "justice will be done" in the case.

"No matter how powerful you are, no matter how rich you are, no one is above the law," she said.

Judge Arthur Engoron asked state attorney Kevin Wallace to conclude the day's proceedings by comparing Trump's fraud to the actions of financier Bernie Madoff, who defrauded clients out of tens of billions of dollars in the 1990s and 2000s.

"How would you compare the fraud you are alleging to the Madoff Ponzi scheme?" Engoron said.

During a meandering response, Wallace acknowledged that Trump's fraud was smaller, but "significant given the dollar amounts involved."

"If you are rich enough, you going to be allowed to do it. You'll get away with it," Wallace said.

Engoron concluded the day by estimating that he would issue an opinion in the case by Jan. 31.

He then ended the proceedings.