Fred Trump Helps Bail Out Son: Donald...

Fred Trump Helps Bail Out Son: Donald F. Trump’s father, Fred, bought more than $3 million in chips from one of his son’s casinos to help him make a bond payment, officials of New Jersey’s Division of Gaming Enforcement reported. The story, first reported in Monday’s editions of the Wall Street Journal, details how Fred Trump gave more than $3 million to an attorney to buy the casino chips on Dec. 17 at Trump Castle Casino Resort by the Bay. The payment gave the younger Trump enough cash to make an $18.4-million payment due bondholders in the casino and surprised analysts who had said it appeared that Trump lacked enough money to make the payment, officials said. The newspaper said attorney Howard Snyder entered the casino on behalf of Fred Trump, 85, bought the chips and then walked out with a police escort.