Letitia James

Former president Donald Trump is about to face some "comeuppance," according to MSNBC legal analyst Barbara McQuade.

McQuade, a former federal prosecutor, made the statement after a New York judge ruled Thursday that Trump must sit for a deposition as part of Attorney General Letitia James' civil investigation into his company's business practices.

Former President Donald Trump and his children Ivanka and Donald Trump Jr. have lost their bid to quash subpoenas issued by New York Attorney General Letitia James. The Trumps were dodging an effort to testify in the Trump Organization fraud case.

As part of their argument, the lawyers for the Trumps claimed that James could not oversee the case because she trashed Trump during her campaign for attorney general. They also alleged that the case, which is civil, is happening at the same time as a criminal probe.

Attorney Alina Habba was scolded by a judge on Thursday after she claimed that her client, former President Donald Trump, is part of a "protected class" because of his Republican ideology.

During a court hearing in New York, Trump attorneys tried to convince state Supreme Court Judge Arthur F. Engoron that members of the Trump family could not be subpoenaed in connection with allegations that their company illegally manipulated property valuations.

The Trump Organization is failing so thoroughly in the court of public opinion that Thursday's ruling by Judge Arthur F. Engoron on whether the former president, Ivanka Trump, and Donald Trump, Jr. must testify under oath doesn't really matter, according to a political investigations reporter at The Daily Beast.

The case concerns a subpoena issued by New York Attorney General Letitia James. Trump and his kids refused to show up in depositions, which resulted in James filing a thorough motion alleging widespread misconduct. The filing was cited by accounting firm Mazars in its letter announcing it had parted ways with the Trump Organization and that its Statements of Financial Condition for Donald Trump "should not be relied upon."

In a court filing this Monday, former President Donald Trump declared that he "denies knowledge or information sufficient to form a belief as to the truth" about his company's finances.

But the next day, responding to news that his company's longtime accounting firm would be dropping him as a client and could no longer vouch for his financial statements, Trump boasted about his company's "fantastic assets" and said prosecutors should instead focus on Hillary Clinton, Insider reported.

Former president Donald Trump's Tuesday night rant responding to the accounting firm Mazars USA's decision to drop his company as a client could come back to haunt him in court, according to former New York state and federal prosecutor Danya Perry.

New York Attorney General Letitia James, who is conducting a civil investigation into the Trump Organization's business practices, pointed out in a court filing Wednesday that Trump's statement contradicted arguments made by his lawyers in the case.

Feb 16 (Reuters) - New York's attorney general on Wednesday pounced on former President Donald Trump's defense of company's financial statements, saying the five-page statement Trump issued a day earlier contradicted a court filing by his attorneys.

"It is not unusual for parties to a legal proceeding to disagree about the facts," the attorney general's office wrote in a letter filed in New York state court. "But it is truly rare for a party to publicly disagree with statements submitted by his own attorneys in a signed pleading -- let alone one day after the pleading was filed."

In a four-page statement, former president Donald Trump responded Tuesday night to the accounting firm Mazars' decision to sever ties with the Trump Organization, which has been called a "disaster" for his company.

"We have a great company with fantastic assets that are unique, extremely valuable and, in many cases, far more valuable than what was listed in our Financial Statements," Trump said. "My company has among the best real estate and other assets anywhere in the world, has significant amounts of cash, and has relatively very little debt, which is totally current."

On Tuesday's edition of CNN's "The Situation Room," political analyst Gloria Borger broke down the implications of the accounting firm Mazars USA cutting ties with the Trump Organization, and warning that past statements about the former president's finances are not reliable.

"No matter which way the Trump Organization tries to spin this, and they are trying, this is a disaster for them," said Borger. "Their longtime accountants have quit and said, the stuff we worked on for the last decade or so, forget it, we really can't vouch for it, it's based on our new position on information from internal and external sources."

Appearing on MSNBC with host Chris Jansing, former U.S. Attorney Joyce Vance claimed that the letter from the Mazars Group accounting firm that cautioned that the past ten years of Trump Organization financial statements are not to be trusted means that Donald Trump and his family are in a heap of "trouble with Uncle Sam."

Sitting down with Jansing and NBC's Tom Winters to discuss the break-up between the Trump Org and their accounting firm, which has led legal analysts to believe means Mazars may have "flipped" on the Trumps, Vance stated the letter is a stunning legal setback for the Trump family and could lead to the shuttering of their company.

Appearing on Fox News Monday night a distraught Eric Trump told Sean Hannity that Hillary Clinton should be prosecuted.

"Isn't that a, you know, isn't that fraud? Isn't that all sorts of offenses?" Trump asked Hannity, a longtime unofficial advisor to Donald Trump.