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Exposed – The Clinton Foundation Is Running A $20 Million Private Equity Firm In Colombia
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest.
The line between the firm and the Clinton’s nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundation’s Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday.
A charitable foundation running a private equity fund is “not something one hears about commonly” and is “very concerning,” according to Craig Holman, the government affairs lobbyist at the watchdog group Public Citizen.
Ken Boehm, chairman of the National Legal and Policy Center, a government watchdog group, said the lack of transparency was a troubling. He said the public has a right to know whether any of Fondo Acceso’s companies received U.S. government support while Hillary Clinton was secretary of state.
– From The Washington Free Beacon article: Clinton Foundation Running Private Equity Fund in Colombia
The ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia run deep. This is a topic I explored earlier in the year in the post, This is How Hillary Does Business – An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation. Here’s an excerpt:
The details of these financial dealings remain murky, but this much is clear: After millions of dollars were pledged by the oil company to the Clinton Foundation — supplemented by millions more from Giustra himself — Secretary Clinton abruptly changed her position on the controversial U.S.-Colombia trade pact.
Having opposed the deal as a bad one for labor rights back when she was a presidential candidate in 2008, she now promoted it, calling it “strongly in the interests of both Colombia and the United States.” The change of heart by Clinton and other Democratic leaders enabled congressional passage of a Colombia trade deal that experts say delivered big benefits to foreign investors like Giustra.
The details of her family’s entanglements in Colombia echo talk that the Clintons have blurred the lines between their private business and philanthropic interests and those of the nation. And Hillary Clinton’s connections to Pacific Rubiales and Giustra intensify recent questions about whether big donations influenced her decisions as secretary of state.
That was then. This is now.
From The Washington Free Beacon:
The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest.
The line between the firm and the Clinton’s nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundation’s Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday.
The firm is managed by Carolina Botero, who is also chief financial officer at the Clinton-Giustra Enterprise Partnership. It lists various Clinton Foundation and CGEP officials as directors in its corporate filings. The Clinton Foundation’s tax returns list Fondo Acceso as a related corporation in which the foundation holds a 50 percent stake.
Colombian companies that want to apply for venture funding from the Fondo Acceso must also sign a contract turning over financial and internal information to both the private equity firm and the Clinton Foundation.
Fondo Acceso’s financial entanglements are also unclear. Vanessa Jimenez, chief administrator at the Clinton Foundation’s Bogota office, answered the phone number listed for the private equity fund on Tuesday. She said she was not allowed to talk about Fondo Acceso’s investments.
Jimenez said Fondo Acceso was based out of the office, but employees there technically worked for the Clinton Foundation.
“[Fondo Acceso] does not have any employees,” she said. “Nobody is hired by Acceso. … In Colombia, we work for the company, but only the Clinton Foundation is our employer.”
Jimenez directed questions to Fondo Acceso’s legal representative Monica Varela, who is also a Clinton Foundation official. Varela did not respond to request for comment.
CGEP is a Canadian organization founded by Clinton and Giustra. The group contracts its economic development projects to the Clinton Foundation and does not disclose its donors.
The presentation said Fondo Acceso was looking to invest in local companies in the agriculture, production, and labor industries with “high growth potential” that had annual sales between $500,000 and $10 million. In exchange for financing, the firm would become a shareholder in the companies.
A charitable foundation running a private equity fund is “not something one hears about commonly” and is “very concerning,” according to Craig Holman, the government affairs lobbyist at the watchdog group Public Citizen.
“Private equity firms invest and take over various companies as social services for a period of time and its intent and its purpose is to provide a reasonable return for shareholders,” said Holman. “If you’ve got a tax-free foundation getting involved in running a private equity firm, I just find that very troubling.”
Ken Boehm, chairman of the National Legal and Policy Center, a government watchdog group, said the lack of transparency was a troubling. He said the public has a right to know whether any of Fondo Acceso’s companies received U.S. government support while Hillary Clinton was secretary of state.
The Clinton campaign did not respond to a request for comment.
Let me guess. She did it to fight terrorists. Or due to her undying love for America. Or because 9/11.
But hey…
For additional stories related to the never-ending shadiness at the slush fund known as the Clinton Foundation, see:
Senior Fellow at Sunlight Foundation Calls the Clinton Foundation “A Slush Fund”
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It's OK. Hillary is the anti-Christ. She can do that - legally.
Just keep the fresh infant livers coming... You don't want to see her angry.
HRC = Hillary Rodham Clinton
HRC = Hillary Rapes Constitution
Access was established in 2010 by the Carlos Slim Foundation
A.C. and William J. Clinton Foundation, in association with Frank
Giustra. Thanks to this partnership and the focus of the President
Clinton on the subject, provides access funding opportunities
for SMEs in Colombia, a segment that is not being
satisfactorily addressed by traditional sources
financing and capital. Access uses an approach and practices
market for investment to the full extent of a fund
private capital. access measures both financial return and
social, specifically in the form of job creation.
http://www.cccartagena.org.co/docs/20120718003147_n_PRESENTACION_FONDO_A...
6/9/2010 - Carlos Slim and Bill Clinton launched fund to support SMEs in Colombia
https://translate.google.com/translate?hl=en&sl=es&u=http://www.semana.c...
This news is 5 years old. The media is just now getting around to report it?
The fund called Access SAS is equipped with a capital of 20 million dollars and was launched by Clinton himself; Frank Giustra, the Clinton Foundation and Oscar Von Hauske, the Slim Foundation.
Could fund a coke laundry operation. Ah chuuuuu
"Private Equity" is code word for "full scale refinement facility for cocaine"
This woman would have to be on tape, smoking crack while raping a young white girl and even then only 57% of the Dems wouldn't vote for her. I got the 57% number from the article saying that 43% of dems support Syrian Refugee settlement in the US.
Psychopaths like Hillary don't need chump change from coke distribution. They could move tons and tons of it and not make anything near to what they can make with a single 10 milligram dose of scopolamine, a camera, the right U.S. congressman and a goat or a young boy.
A ton of coke is how you and I might try to make money in Columbia if we were evil. Hillary and her cronies in D.C. and Tel Aviv are a whole different fucking species.
"Species" or "Feces"...? Subtle, but is different.
Coke from the Bush Paraguy ranch?
"Just keep the fresh infant livers coming... You don't want to see her angry."
In reality, you don't want to see her naked...ever. Oh, the humanity.
Pres. Obama has lost the Anti-Christ title too?? Poor guy, I though he could at least hold that title until the convention.
No, I think we've pretty much established that he's just some kind of lesser minion. The anti-Christ doesn't age. Obama must have aged a decade in the last six months - it's actually kind of creepy.
"What difference at this point does it make if we're the most successful criminal family in American politics in the history of this country? Move along please."
- "This wont make it to the News channels in USA but here in Colombia they detained 55 young males trying to enter Colombia with stolen Passports. Yes, final destination, you guessed it.... USA."
Thanks.
"Did you say young males?" - Lindsey Graham
Nothing to see here, all part of Plan Columbia.*
*Cocain, defoliants, drug cartels and Clintons, what's not to love?
Take a shot every time this is misspleld, Zerohedge./
And for your viewing pleasure:
http://beehivecollective.org/downloads/PC_websize.jpg
Grew up in the NW where we have the Columbia River. Never noticed that difference.
Why would anybody not be surprized by this?
Wait... There is some serious Clint-nuts out there, Hillary can't do any wrong .
Hildabeast has brass balls
Bills', which she wears only on special occaisons with Huma.
but, but, but...
whole foods has actual surveillance video of ben carson w/eleven items in the express line!
That is racist!
I hate it when this happens
a.) Criminal Enterpirse?
b.) Criminal Enterprise
c.) Both of the above
d.) At this juncture what does it matter?
Are there any president candidates that don't commit tax fraud on a large scale?
Deez Nuts?
Does papal see defecate in boreal forest?
Its only Tax fraud if the Taxes were legally required in the first place. Two sets of rules one for us and one for the Elites.
Just because Tyler does not put up a flag girl does not mean that I won't.
https://lh5.googleusercontent.com/-ZgHu4jmjntQ/U7buRpn-d7I/AAAAAAAAFU0/j...
Latin Lover, this one is for you.
Gracias AP!
Hitlery Clintoris at her best......
Maybe you are not familiar with anatomy of HRC. You are suggest feature which is not exist.
unelectablecunt@clintonmail.com
Duh. When you are a corrupt oligarch, this is just what you do...
red or blue, makes no difference.
This probably isn't related to anything that happened when Bill was trafficking cocaine.
Is this why my #blacklabsmatter go fund me page is under performing ?
Funding effort of Mediterranean Grove owner is do better #olivesmatter
http://www.miamiherald.com/news/nation-world/national/article36647964.html
Hillary Clinton, the front-runner for the Democratic nomination for president, attended a fundraiser in New York hosted by John Zaccaro Jr., convicted on felony drug charges after he sold cocaine to an undercover cop.
The 1988 conviction of the son of unsuccessful Democratic vice presidential candidate Gerraldine Ferraro was reported in numerous publications at the time. But the arrest was unearthed Friday by the Republican National Committee.
“Hillary Clinton can’t seem to kick her decades-long habit of taking money from sketchy campaign contributors,” RNC spokesman Michael Short said. “During her last presidential campaign it was straw donors, now it’s convicted cocaine dealers.”
Zaccaro garnered national headlines in February 1986, while arrested as a senior at Middlebury College for selling a quarter of a gram of cocaine for $25 at his off-campus apartment to a state police officer posing as a student. Ferraro said at the time that her son had been set up, but the conviction was upheld.
Zaccaro has been a regular to Clinton and other Democrats over the years. Clinton’s campaign declined to comment.
Check this out too from the time machine....
https://www.youtube.com/watch?v=5L-XPMf2-GE
Even more here:
A Felon's Donation to Democrats Was Sought in Cuba, Inquiry Sayshttp://www.nytimes.com/1997/04/04/us/a-felon-s-donation-to-democrats-was...
Read more here: http://www.miamiherald.com/news/nation-world/national/article36647964.ht...
Yeah I should be rich by now, mines been dead 2 yrs
"no controlling legal authority"..al gore you genius. do the elites bidding and you get a get out of jail card, signed by E Holder DOJ.
hang with pediafiles ..get out of jail
corrupt a charity ..get out of jail
lie to america about libya..get out of jail and take promotion to potus.
Yeah, makes me sick too.
as the world turns her nose grows slowly longer.
In this upside down world, are you sure that's her nose?
Every dead broke person I know has a hedge fund set up in Colombia. The Cayman Islands are so 1990s. Please move along.
No different from any other "charitable" organization - bloated overhead enabling the executives to be chauffeured in Mercedes E class and BMW 7 limousines, fly 1st class, stay at 5 star hotels and run up huge expense accounts at "conferences".
It never was a non-profit.
In post WASP America it is racist to single out those types of organizations by profiling them as criminals...
49% will vote for HRH Hillary regardless of the facts.
49% will vote in opposing.
The swing vote will depend on Diebold.
Colombia? Isn't that where the Secret Service likes to go to relax?
Oh I get it, "Private" equity. wink wink, eh govna?
This is the tip of the iceberg. They are all corrupt. We are still 3 meals from revolution. I just watched the top Muslim in France in a video. What a liar! Same as our people. Time to reboot the system.
Pray for another Carrington event. https://en.wikipedia.org/wiki/Solar_storm_of_1859
I thought that bitch was in jail. Oh wait, she is running for President of Banana Republic. Same thing I guess.
Just like there has never been a piece of pussy Bill would ever turn down, there has never been a "donation" that Hillary would ever turn down...
colombia. that sounds about right.
Real shocker and imagine they could both be in charge of this country's finances? WTF?
A lot of Drugs come out of Colombia. Weird...
And curiously not a word of this on The Huffing Post
I seem to remember a lot of speculation on Romney's Grand Cayman accounts.
Do you vote Cocaine (the Clinton clan) or Heroin (the Bush clan)?
Hitlery the Hillionaire is up to her eyeballs in fraud as Roger Stone's book and Clinton Ca$h make clear. This is just the latest warning bell folks. Time the FEDs took these ****sucking creeps down!!!!
Mr. Carlos Hector Fernández Mazzi serves as the Managing Director of Acceso SAS and Fondo Acceso. Mr. Fernández Mazzi joined on April 1, 2009. He serves as the Chief Executive Officer of the Clinton Foundation's Clinton Giustra Sustainable Growth Initiative. He served as Director of SciVac Therapeutics Inc.
The Clintons use all Fifty Shades of Grey in their financial dealings. Pure financial sociopaths.
Arthshastra : Politics is all about money
honey