Trump deposition: Former president answers questions for 7 hours in New York fraud lawsuit

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Trump deposition: Former president answers questions for 7 hours in New York fraud lawsuit
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Former President Donald Trump spent hours at the offices of New York's attorney general Thursday for his second deposition in a legal battle over his company's business practices.

Former President Donald Trump answered questions for nearly seven hours Thursday during his second deposition in a legal battle with New York's attorney general.Former President Donald Trump answered questions for nearly seven hours Thursday during his second deposition in a legal battle with New York's attorney general over his company's business practices, reversing an earlier decision to invoke his Fifth Amendment protection against self-incrimination and remain silent.

"The transactions at the center of this case were wildly profitable for the banks and for the Trump entities," Kise said. "When the facts of this success, and not politically engineered soundbites, are out in the open, everyone will scoff at the notion any fraud took place." "Anyone in my position not taking the Fifth Amendment would be a fool, an absolute fool," he said in that deposition, which was recorded on video and later released publicly. Trump predicted a "renegade" prosecutor would try to make a criminal case out of his answers, if he gave them.

James' lawsuit focused on allegations that Trump lied repeatedly about his own wealth and exaggerated the value of his assets on financial statements.

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