New York - "She wasn't American, she wasn't a Democrat and she definitely wasn't black," Southern pork bellies billionaire Aaron 'Rusty' Hogsniffer III announced today ahead of Wednesday's scheduled shock TV press conference.
"But at least she was dead and Barack Obama a widower when he subsequently married Michelle Robinson."
The Louisiana magnate claims the first Mrs O gave birth to the couple's son - who social services hurriedly spirited away after some badass astrological aspects appeared over the horizon on the lad's natal chart.
And it was curtains for the marriage soon after that with the young Barry fleeing to America with a new squeaky clean ID while Mrs Obama returned to her previous profession of choice.
She died broke ten years later 'without receiving a single cent' of any promised alimony.
Last year a book by famous New York society diarrhea-ist Margo Della Quattrostagioni described the possible existence of a late Mrs Barack Obama the First as 'unbridled fiction'.
But curators at the White House Golden Treasury of Presidential Cover-ups website say Place Your Bets before the odds plummet.
Catch the live broadcast at noon Manhattan time.