Clintons’ Mounting Legal Bills Reported
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WASHINGTON — President Clinton reported Thursday that his financial liabilities far exceed assets because of unpaid legal bills arising from Whitewater and an array of other investigations.
The Clintons owe $1 million to $5 million to a single Washington law firm, Williams & Connolly, says his annual financial-disclosure form. The Clintons’ other legal obligations include $15,000 to $50,000 owed to the Little Rock, Ark., firm of Wright, Lindsey & Jennings, the report said.
The Clintons held assets ranging from $760,000 to $1.7 million in 1996. The assets include investments held in a blind trust and several bank accounts. Clinton is not required to disclose the exact amount of any holdings, only a range.
The president’s financial-disclosure form also listed gifts worth $15,929 that the Clintons received in 1996. The most expensive was a $3,315 set of golf clubs from Australian golf pro Greg Norman.
They also included $900 worth of memorabilia from the estate of Jacqueline Kennedy Onassis and 90 commemorative watches from Paul Goldenberg of La Habra, Calif., bearing the Clintons’ images.
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