State attorney Kevin Wallace is expected to complete his cross-examination of the defense's expert witness Robert Unell, who yesterday provided the most direct challenge to the state's analysis that found that Donald Trump's misstatements cost his lenders $168 million in lost interest.

New York Attorney General Letitia James is expected to use that lost interest analysis to justify part of the fine she wants to levy against Trump -- also known as a disgorgement -- for his allegedly ill-gotten gains.

Unell testified yesterday that he found the lost-interest analysis conducted by the state's expert Michiel McCarty was inaccurate based on real-world market conditions, including the interest rates used by commercial real estate lenders who are "living and breathing these deals daily."

"I have not seen anything to indicate that was an accurate interest rate," Unell said about the interest rates in the state's analysis.

Judge Arthur Engoron twice interjected during Unell's testimony to suggest that Trump still cost his lenders money, referring back to his partial summary judgment in which he said, "The less collateral for a loan, the riskier it is, and a first principal of loan accounting is that as risk rises, so do interest rates."

Following the adjournment of court for the day, Trump attorney Chris Kise criticized the attorney general's case on the basis of testimony from the Deutsche Bank executives who said they were eager to do business with Trump regardless of the contents of his financial statements.

Echoing past comments, Kise described the case as a "fraud with no victims" in comments to ABC News.

Kise also slammed today's appellate court ruling reinstating Judge Engoron's limited gag orders as a "total breakdown of the rule of law."

"Now you have the front-running presidential candidate who can't even comment about why he thinks he's not getting a fair trial," Kise said about the impact of the ruling.

"I'm not sure how much more absurd it can get for President Trump," he said.

Robert Unell, an expert in commercial real estate, disputed the analysis conducted by the state's expert, Michiel McCarty, who testified that Trump's alleged deceptions cost his lenders $168 million in lost interest.

"It is really, in my opinion, a very narrow-minded support," Unell, testifying for the defense, said about the assumptions McCarty made regarding the interest rate of the loans.

Unell said that Trump's lenders made money, faced less risk in their investments over time, and sought additional business from the former president and his family. He also criticized the allegation that Trump risked defaulting on any of his loans by offering himself as a personal guarantor of the loans.

"It means the bank got what they wanted ... they had a warm body who was going to stand behind the loan and provide credit support," Unell said about Trump's personal support of the loans.

Judge Engoron interjected at multiple points to question Unell about his findings, at one point noting that the loans would have been pricier for Trump if lenders faced more risk stemming from Trump inflating his assets.

"The more value in collateral, the less risk, the lower the interest rate," Engoron said.

Over the last week, Donald Trump has made multiple posts on social media about a social media account he alleges belongs to Judge Arthur Engoron's wife, accusing her of sharing multiple posts critical of the former president, including doctored images depicting Trump in prison.

"Judge Engoron's Trump Hating wife," Trump called her Wednesday on Truth Social.

A court official on Thursday denied that any of the posts referenced by Trump were made by Engoron's wife.

"Justice Engoron's wife has sent no social media posts regarding the former president. They are not hers," court spokesperson Al Baker wrote in a statement.

Former President Donald Trump must pay $354 million for fraudulent business practices, Judge Arthur Engoron has ruled.

Trump's sons Donald Trump Jr. and Eric Trump have been fined $4 million apiece, and former Trump Organization CFO Allen Weisselberg has been fined $1 million.

The decision bars Trump barred from serving as an officer of a New York company for three years, and bars his sons for two years apiece.

Regarding the dissolution of Trump's companies, the decision says, "This Court hereby modifies its September 26, 2023, Decision and Order solely to the extent of removing the language ordering the LLCs cancellation en masse. The restructuring and potential dissolution of any LLCs shall be subject to individual review by the Court appointed Independent Director of Compliance in consultation with Judge Jones."

In his decision, Engoron wrote that "Defendants' refusal to admit error -- indeed, to continue it, according to the Independent Monitor -- constrains this Court to conclude that they will engage in it going forward unless judicially restrained."

"Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial," the judge wrote. "His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility."

"The accountants created these 'compilations' based on data submitted by the Trump entities," the decision said. "In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. When confronted at trial with the statements, defendants' fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences."

Of Donald Trump Jr., Engoron wrote, "Despite disclaiming responsibility for or knowledge of the Statements of Financial Conditions' contents, Trump, Jr. still insisted that the Statements of Financial Condition were 'materially accurate.'"

Engoron's decision follows an 11-week civil trial in New York, where Trump and three of his adult children testified.

New York Attorney General Letitia James sued Trump, his two adult sons, and Trump Organization executives in September 2022 for issuing fraudulent financial statements -- including over 200 false and misleading asset values between 2011 and 2021 -- to get better loan terms and business deals.