Maybe it's not really his real estate/money...
If he's in the money laundering business like Manafort was, maybe his real estate holdings aren't really his real estate holdings.
If what he claimed is true and he had to take a $130k home equity line out for Stormy's payment, he would certainly seem cash poor. Plus the taxi medallions he owns likely have lost a ton of value recently - he could potentially be in debt there if he took out a loan to buy them at an inflated price. There's a lot of ways he might not have that much money, and dropping frivolous lawsuits is one sign that he doesn't have as much money as he proclaims he has.
Or, maybe he knows the Prague trip is known to the feds as Howie points out, so he knew he would lose
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In response to this post by HokieDelNorte)
Posted: 04/19/2018 at 3:00PM