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Donald Trump goes from calm to indignant in newly released deposition video of civil fraud lawsuit

NEW YORK  — Months before Donald Trump’s defiant turn as a witness at his New York civil fraud trial, the former president came face-to-face with the state attorney general who is suing him when he sat for a deposition last year at her Manhattan office.

Video made public Friday of the seven-hour, closed-door session last April shows the Republican presidential frontrunner’s demeanor going from calm and cool to indignant — at one point ripping Attorney General Letitia James lawsuit against him as a “disgrace” and “a terrible thing.”

Sitting with arms folded, an incredulous Trump complained to the state lawyer questioning him that he was being forced to “justify myself to you” after decades of success building a real estate empire that’s now threatened by the court case.

Trump, who contends James’ lawsuit is part of a politically motivated “witch hunt” was demonstrative from the outset. The video shows him smirking and pouting his lips as the attorney general, a Democrat, introduced herself and told him that she was “committed to a fair and impartial legal process.”

James’ office released the video Friday in response to requests from media outlets under New York’s Freedom of Information Law. Trump’s lawyers previously posted a transcript of his remarks to the trial docket in August.

James’ lawsuit accuses Trump, his company and top executives of defrauding banks, insurers and others by inflating his wealth and exaggerating the value of assets on annual financial statements used to secure loans and make deals.

Judge Arthur Engoron, who will decide the case because a jury is not allowed in this type of lawsuit, has said he hopes to have a ruling by the end of January.

Friday’s video is a rare chance for the public at large to see Trump as a witness.

Cameras were not permitted in the courtroom when Trump testified on Nov. 6, nor were they allowed for closing arguments in the case on Jan. 11, where Trump defied the judge and gave a six-minute diatribe after his lawyers spoke.

Here are the highlights from Trump’s videotaped deposition:

‘YOU DON’T HAVE A CASE’

Telling James and her staff, “you don’t have a case,” Trump insisted the banks she alleges were snookered with lofty valuations suffered no harm, got paid in his deals, and “to this day have no complaints.”

“Do you know the banks made a lot of money?” Trump asked, previewing his later trial testimony. “Do you know I don’t believe I ever got even a default notice and, even during COVID, the banks were all paid. And yet you’re suing on behalf of banks, I guess. It’s crazy. The whole case is crazy.”

Banks “want to do business with me because I’m rich,” Trump told James. “But, you know what, they’re petrified to do business because of you.”

Trump complained New York authorities “spend all their time investigating me, instead of stopping violent crime in the streets.”

He said they’d put his recently jailed ex-finance chief Allen Weisselberg “through hell and back” for dodging taxes on company-paid perks.

At a previous deposition in the case, in August 2022, Trump invoked his Fifth Amendment privilege against self-incrimination and refused to answer questions more than 400 times. He said he did so because he was certain his answers would be used as a basis for criminal charges.

DON’T TAKE MY WORD FOR IT

Trump said he never felt his financial statements “would be taken very seriously,” and that people who did business with him were given ample warning not to trust them.

Trump described the statements as “a fairly good compilation of properties” rather than a true representation of their value. Some numbers, he noted, were “guesstimates.”

Trump claimed the statements were mainly for his use, though he conceded financial institutions sometimes asked for them. Even then, he insisted it didn’t matter legally if they were accurate or not, because they came with a disclaimer.

“I have a clause in there that says, ’Don’t believe the statement. Go out and do your own work,” Trump testified. “You’re supposed to pay no credence to what we say whatsoever.”

WHAT’S IN A NAME? $10 BILLION

Video of Donald Trump’s testimony released Friday provides a rare chance for the public at large to see him as a witness. During the seven-hour, closed-door session, he estimated that his “brand” alone is worth “maybe $10 billion.” (Jan. 19)

Trump estimated that his “brand” alone is worth “maybe $10 billion.”

He called it “the most valuable asset I have” and attributed his political success to the ubiquity of his name and persona.

“I became president because of the brand, OK,” Trump said. “I became president. I think it’s the hottest brand in the world.”

‘MOST IMPORTANT JOB IN THE WORLD’

While testifying in his fraud lawsuit, Donald Trump says he scaled back his involvement in the Trump Organization during his presidency to solve the world’s problems – like preventing North Korean dictator Kim Jong Un from launching a nuclear attack. (Jan. 19)

After Trump was elected, he put the Trump Organization into a trust overseen by his eldest son, Donald Trump Jr., and longtime finance chief, Weisselberg.

Trump claimed he did so not because it was required but because he wanted to be a “legitimate president” and avoid the appearance of a conflict of interest.

Plus, Trump said, he was busy solving the world’s problems — like preventing North Korean dictator Kim Jong Un from launching a nuclear attack.

“I considered this the most important job in the world, saving millions of lives,” Trump testified. “I think you would have nuclear holocaust if I didn’t deal with North Korea. I think you would have a nuclear war, if I weren’t elected. And I think you might have a nuclear war now, if you want to know the truth.”

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