Posted on 05/13/2002 9:24:30 AM PDT by Asmodeus
Clintons Leave Lawyers High & Dry on Legal Tab
By TIMOTHY J. BURGER Daily News Washington Bureau
WASHINGTON
Bill and Hillary Clinton have become fabulously wealthy since leaving the White House, but they're still stiffing their lawyers, the Daily News has learned.
Various documents and sources familiar with the Clintons' legal debts reveal they have yet to retire hefty bills from the Whitewater, Paula Jones and Monica Lewinsky scandals, as well as Bill Clinton's impeachment battle.
The former President owes $1 million to Robert Bennett, his Paula Jones attorney. Bennett's firm hasn't seen a nickel in nearly a year.
The Clintons also are believed to be in seven-figure hock to David Kendall. He and Bennett refused to comment.
A year ago, Clinton aides confirmed the former First Couple still owed $3.9 million in legal fees. Since the Clintons left the White House in January 2001, their legal defense fund has paid $254,000 to Kendall's firm, Williams & Connolly, and $86,000 to Skadden Arps, Bennett's firm.
In all, about $7.7 million in legal debts have been paid off. But the fund is now tapped out, and the Clintons haven't done any new fund-raising for it.
It's possible the Clintons may have paid some of Kendall's outstanding tab from their own pockets, but a Clinton loyalist said that was unlikely.
"They would prefer not to [pay] and don't think they should have to," said one former senior aide.
Aides to Sen. Clinton and her husband refused to say how much if anything the couple might have paid themselves.
"They have publicly disclosed everything they're required to disclose," said Jim Kennedy, a spokesman for the senator.
Washington lawyer Tony Essaye, who ran the defense fund for years, said he has not been informed that any of the Clintons' outstanding $3.9 million debt has been paid down.
The Clintons' financial fortunes have brightened considerably since a dramatic 1998 fund-raising letter for the legal trust said they faced a "financial crisis" of bills "far beyond the President's total compensation or the First Family's net worth."
Now, the Clintons' personal wealth includes $18 million in book advances and $10 million to $15 million that the ex-President has raked in for speeches. They also receive $302,000 a year in federal checks for his pension and her senatorial salary.
Not only are journalists afraid to uncover more on these 2 bunko artists, but most people in govt on both sides of the aisle are also afraid. And the reason, I'm convinced, has something to do with those 900 or so FBI files? Remember how long hitlery had those in her possession? She made darn sure every last one of them was copied for her own personal use. And that is what she's doing...
... "They would prefer not to [pay] and don't think they should have to," said one former senior aide ...Why did this family command--rather, why do they continue to command--such loyalty? Not since Ceasare Borgia has it been more unhealthy to be someone's friend. Yet the claques and cliques still fawn, still cringe.
nope, unfortunately, that is not the case, but it's too bad that is isn't
even though a deadbeat has received something of value, namely the services rendered, services are treated differently than loans for tax purposes
if services aren't paid for, there are no income or gift consequences to the deadbeat, and no net income to be reported by whoever got stiffed (and no bad-debt deduction unless the income was already accrued and reported for tax purposes)
now, if the lawyers had loaned scumbag money for business purposes and had to take a bad-debt deduction, income would be attributable to scumbag - deduction to the creditor, income to the debtor - net income (from the i.r.s.'s standpoint) zero
the good part of this is that the only people getting screwed by him are his lawyers
Any lawyers familar with this type of action and what kind of discount we might be able to get?
If I were thes lawyers, I wouldn't say word. They might end up like Vince Foster, MURDERED!
WORTH REPEATING:
Serves them right for defending these two scum.
No way! This one guy with whom I used to work used to bitch (pre-9/11) about how much of *his* taxes were going to the military, but when I brought up that the Sinkmaster was trying to get us to cough up nearly $1,000,000/year for a fancy office in a city in which he has never lived and never had any connections (other than hosing more than a few of the aging socialites), *that* did not bother him! Didn't bother him when I pointed out that the witch has THE most expensive local office of any U.S. Senator, and that her royal suite is a block or two away from the NYC office of the senior Senator of this stte. (Schumer's office is at 757 Third Ave, and hers is at 780 Third Avenue.)
This dope truly believes that because they were POTUS & FLOTUS, they deserve to be treated like corrupt royals -- and at *our* expense.
Yep, this guy favored pampering these grifters over maintaining our national defense. It just didn't dawn on him that there were profound dangers in the world, even though the Cold War was over.
I think you've got it. The media hacks know about Arkanicide. Not only that, the Clintons probably have their FBI files too.
Right you are! But, do you wanna bet that if either one were running for office again that they would win, courtesy of the sheeple of this country?
How come this treasonous, rapist bastard and his degenerate bithc wife Hillary, can't pay ,br> Bennett with some of that Red Chinese Army money that John Huang, Johnny Chung and Charlie Trie brought into the White House??
Russ; These guys arn't so smart, it is just that the publisher either is a complete idiot, or he owed the KKKlintoons.
By the way, could you get me the publishers phone number. I would like to borrow 100K.
I will pay him back as soon as my brother straightens up.(He's a hunchback).
Incredible!
I checked twice on the source of this article. Couldn't believe it was in the NY Daily News and not the Post.
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