Hillary's Charities Suffer A "Geithner Moment", Will Refile 5 Years Of Taxes

Tyler Durden's picture

Once upon a time, when then-NY Fed chief Tim Geithner was angling for a Senate confirmation which would make him Treasury Secretary, things got a bit tense when it was discovered that Geithner failed to pay Medicare and Social Security taxes on the income he earned while working for the IMF from 2001-2004. Basically, Geithner was classified as “self employed” and was thus responsible for making the payments himself but didn’t do so, which led to some $17,000 in unpaid taxes in 2003 and 2004. Geithner had previously paid more than $20,000 in back taxes to make up for missed payments in 2001 and 2002, so one might have thought he would check on 2003 and 2004 as well, but apparently some accountant somewhere screwed up — or so the story goes. 

In any event, it now appears as though Hillary Clinton may be witnessing her “Geithner moment,” because as Reuters reports, several Clinton family charities will now refile a half decade worth of returns after failing to report “tens of millions” in contributions from foreign governments. Here’s more:

Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors...


The charities' errors generally take the form of under-reporting or over-reporting, by millions of dollars, donations from foreign governments, or in other instances omitting to break out government donations entirely when reporting revenue, the charities confirmed to Reuters…


The unsettled numbers on the tax returns are not evidence of wrongdoing but tend to undermine the 990s role as a form of public accountability, experts in charity law and transparency advocates interview told Reuters…


For three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign and U.S. governments, a dramatic fall-off from the tens of millions of dollars in foreign government contributions reported in preceding years.


Those entries were errors, according to the foundation: several foreign governments continued to give tens of millions of dollars toward the foundation's work on climate change and economic development through this three-year period. Those governments were identified on the foundation's annually updated donor list, along with broad indications of how much each had cumulatively given since they began donating.

And while the Clinton Foundation says it is exemplary among charities in terms of transparency, that contention will likely be put to the test as scrutiny will no doubt build as Hillary Clinton ramps up her bid for The White House. Perhaps that’s why the Foundation isn’t ruling out the possibility that it will refile up to 15 years worth of returns:

"We are prioritizing an external review to ensure the accuracy of the 990s from 2010, 2011 and 2012 and expect to refile when the review is completed," Craig Minassian, a foundation spokesman, said in an email.


The decision to review the returns was made last month following inquiries from Reuters, and the foundation has not ruled out extending the review to tax returns extending back 15 or so years…

And as for whether this is something that actually happens all of the time or should be rightfully viewed as an anomalous event:

"I've never seen amendment activity like that," said Bruce Hopkins, a Kansas City lawyer who has specialized in charity law for more than four decades.”


But then again:

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Clinton Foundation audited financial statements can be found here

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So Close's picture

Trying to clean up before the run.....

So Close's picture

Can anyone confirm or deny with a source that JP Morgan has banned cash and bullion from safe deposit boxes?

nope-1004's picture

This must be a "vast right wing conspiracy", as all Clinton escapades are when caught with their hands in the cookie jar.

She's a certified liar.


yogibear's picture

Valarie Jarett made some phone calls. The Obama gang hate Hillary.

boogerbently's picture

Here today, gone tomorrow, in the MSM.

knukles's picture

The Breadth of the Audacity is Stunning

Bastiat's picture

It is . . . depending, of course, on what the meaning of "is" is.

MonetaryApostate's picture

So the state of the Republic(an) Cartel (Read IRS) is alive and well I take it?

CH1's picture

Hillary will be in the cell next to Jon Corzine.

Oh, wait...

HowdyDoody's picture

Why 5 years? Or more precisely, why only 5 years?

Creepy A. Cracker's picture

Now look, peoples!!!!  Monica Lewinsky's ex-boyfriend's wife had to endure Billy-Bob's cheating and philandering for all of those years.  That is, of course, the highest of qualifications to be president.  The (ridiculously wealthy from government connections) woman scorned.

TruxtonSpangler's picture

All these Hillary stories are just distractions and news cycle filler. She is unelectable, its a non starter. The real person to watch (when Hillary finally flames out) is Elizabeth Warren. She said she wont run but once Hillary is gone she will suddenly decide to she has to run for the good of the country. It will be her duty to be elected the first woman pres and she will answer the popular call.

CH1's picture

Interesting scenario, not implausible.

bob_stl's picture

Theiving, lying, tax cheater... Yep, she's presidential material!

Mentaliusanything's picture

Yes a quailty canditate indeed, requesting absolute power at any cost with faultless credentials and references from the highest powers in Hell.

She's winning material indeed to bring on the end of times. I'm voting for her 3 times in different states.

nailgunnin4you's picture

Dear butthurt bloc, despite you and your flaccid mates all being staunch rapeublican cheerleaders, I regret to inform you that you and your red team are a laughing stock, rapeublicans won't be elected for 50 years if at all. Bitch accordingly.

raeb's picture

Correct, if Hitlary  gets elected there won't be any honest elections in 50 years.  Oh wait...

TuPhat's picture

I think you meant to say there won't be honest elections for 'another' 50 years.

NoDebt's picture

I would really like to believe that, Truxton.  But Clintons are like vampires.  The only way to make sure they're dead is a stake through the heart, cut off their head and burn the body.

I've talked with Hillary supporters.  None of this shit we think is so damning has the slightest impact on them.  If anything it makes they even more sympathetic.  "The bad boys in Washington are beating up on a woman who's done nothing but her best for our country."  "She's entitled to cut a few corners because the deck is so stacked against women in politics."  "Everybody does stuff like that, they only bring it up because she's a Clinton."  Those are arguments I've actually heard. 

I'm not shitting you.  Hillary could shoot a 10 year old blind girl dead in the middle of Manhattan at 2 in the afternoon and they wouldn't sway from supporting her.

Underestimate Hillary's staying power at your peril.

TruxtonSpangler's picture

Hillbots dont make up enough votes for the win. All the Hillbots will jump on the Warren wagon when its apparent Clinton isnt a viable candidate.

There's a LONGGGG way to go to 2016 election, the next scandals that start to come out will get increasingly worse up to and including Hillary being a Lesbian, digging deeper into Benghazi, more details on all the foreign countries giving her money while she was Sec of State, her real last name is not Clinton and Chelsea isn't Bills daughter. Im sure there are a ton more that will come out of the woodwork including the Secret Service leaking details of her as the First Lady that are previously unreported. The threat of this onslaught of scandals is what will cause her to drop from the race.

Besides, running for president is just another excuse for a huge money grab.

NoDebt's picture

I really want to believe you're right.  I've just seen this movie too many times.

Agreed completely on what happens next IF Hillary drops out, though. 

Budd aka Sidewinder's picture

I agree with NoDebt...there is no scandal that can't be slimed over...especially the earlier they air the dirty laundry...the American people just don't care...they'll vote for whichever 2 is left standing depending on whether they have the (R) or (D) by their name

TruxtonSpangler's picture

Thats precisely why my theory is they are saving the biggest scandals for last, right up to the vote. Each more damning than the last. Its the throw away little stuff coming out at this hour. I suggest you think about shopping for some popcorn...

Four chan's picture

hillary dropping out has the the same odds of hitler dropping out. she is a power mad criminal, nothing will create sudden care for the country or self effacement. psychopaths don't work that way.

Paveway IV's picture

Exactly, Four chan. Winning the big popularity contest is the crowning psychopathic achievement in CoH's mind (Corpse of Hllary).

I can't think of any possible transgression or criminal relevation that would cause her to hesitate for a fraction of a second. CoH is on auto-pilot. She's fully well expecting 'issues' - that's just part of the game.

Money Boo Boo's picture

It really doesn't matter if Hitlary makes it to the Oval office or not, Team R has their own gangster for the job as well.  It's just a matter of getting ass raped or face raped, is all.  You're all still gonna get raped. The only difference is you'll either not see straight or sit straight after the fact.

Lumberjack's picture

Hillary may drop out provided the dem candidate offers a pardon.

Lost Word's picture

Or rather, she was expecting the Liberal News Media to completely ignore and cover-up all her crimes.

Maybe not this time?

Anunnaki's picture

I am hoping Servergate and the Foundation shenanigans are just the hors d'oeuvres to the main event. My fear is that these scandals peter out before they can have maximum impact. 

Although the timing says something to me: someone on the "inside" is trying to make sure Hillary can't even be the nominee much less President. 


Lore's picture

What I'd like to know is who the hell in the Canadian govenrment approved tax dollars for this thing. "Climate Change," indeed!  So deeply tired of the bullshit.

It seems nowadays that if you want to be part of the mafia, all you need to do is set up a sleazy "Foundation" and watch the money flow.

TruxtonSpangler's picture

501(c) was expressly set up for money laundering

Anunnaki's picture

My girlfriend is friends with a Dem bundler. She admits that there is an enthusiasm gap running Hillary and it's not going to be the same monetary coalition who funded Obama. 

I asked her last week if she supports Hillary.  She said she is waiting to see if anyone else enters the race before she commits to Hillary

If a dedicated lifetime Dem Party player and professional political fundraiser 
who is also a feminist about ten years younger than Clinton
is tepid at best about Cankles, Clinton’s got no chance to convince the undicideds. Or those consitutencies that barely vote: blacks, Hispanics and millenial women


"Women are increasingly beating a path to Democratic Party nominations, but losing, along with their male counterparts, to Republicans."


"There is one obvious path to reversing this, from EMILY's List's perspective: getting young women to vote. It's no mystery. Women under 30 are strongly disposed toward voting for Democrats (although no longer looking to elect women in particular, according to Barbara Lee Foundation research), but don't care enough to vote, especially in mid-term elections. In Massachusetts, for example, only 25 percent voted in this past November's elections, less than half of the rate of voters over 30; any half-decent turnout of young women would have put Coakley in the corner office. "

MonetaryApostate's picture

What difference does it make?   << Truth

Anunnaki's picture

This is what the Progs on the Dem side are praying for. A Hillary self immolation where the party has no choice to come to Lie-awatha as savior. Otherwise who they got? Biden?  

Hahh hhhaaa. 

Some nobody in Maryland? The only reason they talk about him is they are so desperate to run ANYONE but Hillary. They know she has way too much baggage to win, fund raise for the Party and she is going to have lead weight coattails for other Dems who are already barely hanging in there.

It's a double dose: Hillary apathy from the Progs coupled with Hillary hatred on the right and libertarian "independents"

Kirk2NCC1701's picture

TS, I hope that Hillary has a "Rick Perry moment" during the Election Debates:

"I cannot recall.. I forgot.. help me out here Ron..."

Temporalist's picture

Oh, oh, oh!!!  Oooo can we please start calling Hillary Charities "Hillarities" please pelase?

CuttingEdge's picture

Hitlarities would be more apt.

MonetaryApostate's picture

Apt to lie, cheat, and steal from every American?

Yep, she must fit the Bill.....

Oh regional Indian's picture

Clintonesque fraud, I like it. Hall of famers in the fraud department.

Bugs me when I see them acting like royalty when they come visiting here in India....

Hill-ri in crude hindi would be telling a woman to move it!

Anyways, here is some music, me and a flute, if called...



HonkyShogun's picture
HonkyShogun (not verified) Oh regional Indian Apr 23, 2015 1:01 PM

Here is Ludacris with "Move Bitch", perhaps an apt tribute to Hiliary



centerline's picture

Hope all is well with you ORI.  Nice to see you around.

Oh regional Indian's picture

All well Centerline, thanks. Hope you are finding center every moment my friend.

I am a daily reader, now infrequent commentor :-)

Lore's picture

Very relaxing. Would love to visit that part of the world someday.

Oh regional Indian's picture

Nice lore.

And yes, India et. al. are definitely wortha visit....

centerline's picture

Sort of like balancing on a beach ball.  Best I can hope for is passing center every once and a while and not falling off.  ha ha.  Guess it is being aware that matters most!