A riled Trump sounds off outside the New York fraud trial that accuses him of lying about his wealth

sat through hours of sometimes testy opening arguments Monday in a fraud lawsuit that could cost him control of some of his most prized properties.

Defense lawyers, in response, said the financial statements were legitimate. Trump's holdings are"Mona Lisa properties" that can command top dollar, attorney Alina Habba said.“That is not fraud. That is real estate," she said, accusing the attorney general's office of"setting a very dangerous precedent for all business owners in the state of New York.”

This trial concerns six remaining claims in the lawsuit, including allegations of conspiracy, falsifying business records and insurance fraud. It is a non-jury trial, which Engoron said was legally required when a suit seeks not only money but a court order setting out something a defendant must do or not do.“No matter how powerful you are, and no matter how much money you think you have, no one is above the law," she said on her way into the courthouse.

Trump didn't go to court as either a witness or a spectator when his company and one of its top executives was convicted ofJames' lawsuit accuses Trump and his company of a long list of falsehoods in the financial statements he gave to banks. In a recent court filing, James' office alleged Trump exaggerated his wealth by as much as $3.6 billion.

“They hid their weaknesses and convinced these banks to take on hundreds of millions of dollars in risk," he said, adding: “While the defendants can exaggerate to Forbes magazine or on television, they cannot do it while conducting business in the state of New York.”

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