Monday, May 9, 2016

Wall Street 'Whistleblower' Analyst Exposes Clinton Foundation As "Charity Fraud"

The Washington Free Beacon:  The Wall Street analyst who uncovered financial discrepancies at General Electric before its stock crashed in 2008 claims the Bill, Hillary, and Chelsea Clinton Foundation has a number of irregularities in its tax records and could be violating state laws.
Charles Ortel, a longtime financial adviser, said he has spent the past 15 months digging into the Clinton Foundation’s public records, federal and state-level tax filings, and donor disclosures. That includes records from the foundation’s many offshoots—including the Clinton Health Access Initiative and the Clinton Global Initiative—as well as its foreign subsidiaries.
According to Ortel’s reports, the contribution disclosures from the Clinton Foundation don’t match up with individual donors’ records. He also argued that the foundation is not in compliance with some state laws regarding fundraising registration, disclosure requirements, and auditing rules.
This week, Ortel is starting to release his findings in the first of a series of up to 40 planned reports on his website. His allegation: “this is a charity fraud.”
“Starting almost 20 years ago in 1997, the Clinton Foundation spread its activities from Little Rock, Arkansas, to all U.S. states and to numerous foreign countries without taking legally required steps to function and solicit as a duly constituted public charity,” wrote Ortel, in a letter posted on his website. (read more)
Is the FBI looking even at this? The shady Clinton charity story has been out for well over a year. Charity watchdog: Clinton Foundation a ‘slush fund’ 
The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month.
The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.
The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends.

12 comments:

AllenS said...

I am shocked, shocked, I say, to learn about this!

Joe Biden, America's Putin said...

Matt Lauer Lester Holt Scott Pelly Andrea Mitchell Leg Tingle media sure to ignore.

Joe Biden, America's Putin said...

It's not about the poor Clintons anyway, it's about their charity. Totally separate.

*MSBSM*

Leland said...

I'm just as shocked as Allen. I mean, who would have thought the Clinton's to do something like this?

edutcher said...

It's a frawd!!???!!!

Tell it not in Christendom!!!!

Chip Ahoy said...

The vast right wing conspiracy never stops.

ndspinelli said...

Teenage girls and private planes don't come cheap, y'all.

Lem the artificially intelligent said...

The charity fraud is worst in my book than the national security mess she created for herself.

Lem the artificially intelligent said...

The government was ready to put Aaron Swartz away over copyright law.

You all remember that?

Methadras said...

wut? WUT? Surely you jest that Clinton Mafia Fund is a fraud. Oh noes!!!!

ndspinelli said...

The charity fraud is bad, but IMHO, putting the lives of CIA operatives in danger, or even getting them killed, is worse.

ampersand said...

You know most Americans never gave a dime to Jim and Tammy Faye Bakker, but when their crap hit the fan, they were on the news, particularly Nightline almost nightly. If the "news" ever gets around to cover this it will probably be "This is a private affair and none of your business". I wonder when George H W Bush dropped out of this traveling snake oil show?