A decade later, Trump’s failed Bills bid is one of the business moves under scrutiny in the trial of a lawsuit brought by New York Attorney General Letitia James. In offering to buy the Bills, Trump cited his net worth as $8 billion in an initial offer letter but never provided his financial statements. Instead, at a presentation to the bankers, Trump handed out copies of one of Forbes magazine’s lists of wealthy celebrities, former Morgan Stanley Managing Director K. Don Cornwell testified. Throughout the sale process, Cohen insisted Trump was serious about his bid and his commitment to keeping the Bills in Buffalo. “There’s nobody more serious than Donald Trump,” Cohen said in an interview with The Associated Press in 2014.

Source: Forbes November 01, 2023 12:57 UTC