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Monday, August 29, 2016

DENNIS PATRTICK: FOLLOW THE CLINTON FOUNDATION MONEY

An old adage explains a lot when determining the ultimate objective in social and political events. Follow the money.

So it is in assessing the Bill, Hillary & Chelsea Clinton Foundation otherwise known as the “Clinton Cartel” or the “Clinton Crime Family” foundation. Several news items make it quite easy to follow the money. Let the reader decide.

-- The Washington Post 6/2/15 carried a story under the following headline: “The Inside Story of How the Clintons Built a $2 Billion Global Empire.” The idea according to Ira Magaziner was to think big by raising money among the global rich to “save millions of lives” by supplementing the price of drugs for HIV and AIDS in Africa. The article asks, “Has it saved millions of lives…? A spokeswoman wouldn’t say. She said estimating the number would violate the initiative’s principle of ‘operating with humility.’”

-- The Foundation’s 2013 IRS return listed contributions at $144 million. Of that amount salaries account for $30 million and “other expenses” account for $46 million while direct aid was $8.8 million.

-- “Charity Navigator put the foundation on its ‘watch list,’ which warns potential donors about investing in problematic charities. The 23 charities on the list include the Rev. Al Sharpton’s troubled National Action Network, which is cited for failing to pay payroll taxes for several years.” New York Post, 4/26/15. The story continues, “The group spent the bulk of its windfall on administration, travel, and salaries, and bonuses, with the fattest payouts going to family friends…None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation.” In the same story, Bill Allison, senior fellow, Sunlight Foundation (a government watchdog group) comments, “It seems like the Clinton Foundation operates as a slush fund for the Clintons.”

-- “We…determined that this charity’s atypical business model cannot be accurately captured in our current rating methodology.” Charity Navigator commenting on the Bill, Hillary & Chelsea Clinton Foundation.

-- “The Clinton Foundation…has received as much as $26.4 million in previously undisclosed payments from major corporations, universities, foreign sources, and other groups…[T]he foundation faced questions over whether it fully complied with a 2008 ethics agreement to reveal its donors and whether any of its funding sources present conflicts of interest for Hillary Rodham Clinton….” The Washington Post, 5/21/15

-- “In its current form, the Clinton Foundation is a charity in the same way La Cosa Nostra was an Italian soup kitchen.” The Federalist, 4/29/15

-- The Federalist further reported, “Bloomberg Politics reported…that the Clinton Foundation refused to disclose the identities of at least 1,100 donors, most of whom are not U.S. citizens, to a Clinton Giustra Enterprise Partnership (Canada), or CGE Partnership, a Canadian charitable organization. That organization then effectively bundled the foreign donations and sent them along to the Clinton Foundation itself, and it did all of this without ever disclosing the individual foreign sources of the income.”

-- “[In the new disclosures] was one entity associated with a foreign government that provided speaking fees of $250,000 to $500,000 for a speech by Bill Clinton: the energy ministry in Thailand. The U.S. Islamic World Forum also provided $250,000 to $500,000 to the foundation for a speech by Bill Clinton…[T]he South Korean energy and chemicals conglomerate Hanwha…paid $500,000 to $1 million for a speech by Bill Clinton.” The Washington Post, 5/21/15

-- “In early 2009, she [Secretary of State Hillary Clinton] was summoned to Geneva….The Internal Revenue Service was suing [Switzerland’s largest bank UBS AG....[W]ithin months, Mrs. Clinton announced a tentative legal settlement – an unusual intervention by the top U.S. diplomat….[the] outcome drew criticism from some lawmakers….From that point on, UBS’s engagement with the Clinton family’s charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014….The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former President Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House.” The Wall Street Journal, 7/30/15

UBS is not the only bank contributing to the Clinton Foundation. The McClatchy Company reported, the Clinton Foundation only discloses donations in ranges. Accordingly, Goldman Sachs has donated between $1.25 million and $5.5 million; Barclays from $1.5 million to $6 million; Citigroup from $1.5 million to $6 million. The Bank of America, Morgan Stanley and JPMorgan Chase have donated amounts less than $1.35 million.

The Clintons said they would close down the foundation if Hillary became president to avoid a conflict of interest. Why wasn’t there a conflict of interest when she was Secretary of State?

Expert at hiding information with decades of experience, the Clintons are masters of deceit. The above citations are only a small fraction of the available information from open sources. The FBI continues a far-ranging investigation but without conclusion before November. Vote wisely!

 

Dennis M. Patrick can be contacted at P. O. Box 337, Stanley, ND 58784 or (JavaScript must be enabled to view this email address).

 

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