Do you actually believe that he's being honest? Sounds like he's puffing up to try and discourage them. When you're up against people who bring you into the legal ring, it might be a bad idea to show them that you're penniless.
So we should believe what he says in public instead of what he says in private? Lets be honest here. He's lying. It doesn't matter which statement is a lie. That is a massive statement of his character.