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

Tyler Durden's picture

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

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.

 

“It seems like the Clinton Foundation operates as a slush fund for the Clintons,” said Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group where progressive Democrat and Fordham Law professor Zephyr Teachout was once an organizing director.

 

– From last year’s post: Senior Fellow at Sunlight Foundation Calls the Clinton Foundation “A Slush Fund”

Thanks to Charles Ortel, it’s time to prepare ourselves for some more Clinton Foundation revelations.

The Washington Free Beacon reports:

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.

 

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.”

 

The Sunday Times of London described Ortel as “one of the finest analysts of financial statements on the planet” in a 2009 story detailing the troubles at AIG.

 

“Where you or I see pages of numbers, [Ortel] sees a narrative,” wrote Sunday Times reporter Tim Rayment. “Sometimes the theme is a company’s potential for growth. Sometimes it is the prospect of self-destruction. And at times the story does not make sense, because the figures are hiding a fraud.”

 

Ortel turned his attention to the Clinton Foundation in February 2015. To learn more about the charity, he decided to take it apart and see how it worked.

 

“I decided, as I did with GE, let’s pick one that’s complicated,” said Ortel. “The Clinton Foundation is complicated, but it’s really very small compared to GE.”

 

When Ortel tried to match up the Clinton Foundation’s tax filings with the disclosure reports from its major donors, he said he started to find problems.

 

“I decided it would be fun to cross-check what their donors thought they did when they donated to the Clinton Foundation, and that’s when I got really irritated,” he said. “There are massive discrepancies between what some of the major donors say they gave to the Clinton Foundation to do, and what the Clinton Foundation said what they got from the donors and what they did with it.”

 

Last year, the Clinton Foundation was forced to issue corrected tax filings for several years to correct donation errors. But Ortel said many of the discrepancies remain.

 

“I’m against charity fraud. I think people in both parties are against charity fraud, and this is a charity fraud,” he said.

A spokesperson for the Clinton Foundation did not comment on the claims.

I covered the Clinton Foundation and all its shadiness repeatedly last year. Here are a few highlights:

Exposed – The Clinton Foundation is Running a $20 Million Private Equity Firm in Colombia

How the Clinton Foundation Paid Sidney Blumenthal $10K per Month as He Gave Horrible Libya Advice to the State Dept.

How Donations to the Clinton Foundation Led to Tens of Billions in Weapons Sales to Autocratic Regimes

What Difference Does it Make? 1,100 Foreign Donors to Clinton Foundation Never Disclosed and Remain Secret

Senior Fellow at Sunlight Foundation Calls the Clinton Foundation “A Slush Fund”

More Clinton Foundation Cronyism – The Deal to Sell Uranium Interests to Russia While Hillary was Secretary of State

More Hillary Cronyism Revealed – How Cisco Used Clinton Foundation Donations to Cover-up Human Rights Abuse in China

This is How Hillary Does Business – An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation

Clinton Foundation’s Deep Financial Ties to Ukrainian Oligarch Who Pushed for Closer Ties to EU Revealed

Hillary Clinton Exposed Part 2 – Clinton Foundation Took Millions From Countries That Also Fund ISIS

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AlaricBalth's picture

And I'm surprised because...?

Fractal Parasite's picture

What difference, at this point, does it make?

nope-1004's picture

This is well known and reported by many "fringe" posters on this blog.  The Clintons are high level white-collar criminals and when it comes to mony, only know how to take.  When someone has nothing to offer as a service or gift and they only take, to keep taking means illegal acts are pursued.  Enter the TBTF banks, Corzine, MF Global, AIG, JPM, the Fed.  They have no conscience and will offer American blood for money.  Egypt, Iraq, Yemen, Benghazi.

 

Looney's picture

Hillary is gonna pull the Victim Card again –doesn’t she love playing the victim?

She played the victimized wife with Monica – that alone got her elected to the Senate, TWICE!

She was the victimized female-candidate after losing the primaries to 0bama, yet getting the SoS job and receiving millions from the 0bama campaign to pay her own campaign’s debts.

She was victimized by the “chauvinistic” Chinese – when they, in 2009, refused to talk to her about buying USTs, without 0bama’s hauling his ass to Beijing.

She was “victimized” by Putin who refused meeting with her on multiple occasions – he was against the annihilation of Libya, but our MSM kept calling him a woman-hater. Remember the yellow “Reset” button – her feeble attempt at apologies?

Now, she’s playing the victim with Trump.

And when she starts losing to Trump, losing YUUUGE, she’s got a plan in place to play a victimized… grieving widow.

Bill, if he wants to survive her campaign, should get rid of all pillows. I think?  ;-)

Looney

Fish Gone Bad's picture

You can get anything you want, at the Clinton's restaurant...

palmereldritch's picture

To be fair, it was a bit of a give-away when she last showed up in the Foundation’s limo

http://tinyurl.com/Clintonmobile

willwork4food's picture

It's almost like the Monica affair was orchastrated. Ummm...

Bollixed's picture

Well, for shats and gaggles you could read this take on it being staged...

http://mileswmathis.com/lewin.pdf

The Alarmist's picture

The Clintons were stone-cold broke when they left the White House, you see, and after giving so much to the country for so many years, they felt it was only appropriate for their cronies to give to their favourite cause ... themselves!

Paveway IV's picture

Hillary uses the charity to launder money - money used to buy infant livers trafficked from Syria for her consumption.

Dig a little deeper and you'll find Hillary's taste for infant livers far exceeds the profitability of stolen Syrian oil. ISIS is nothing but her arab infant liver-harvesting army. God damn reptilians...

macholatte's picture

It’s call RACKETEERING.
20 years in prison and all assets seized.

Racketeering, often associated with organized crime, is the act of offering of a dishonest service (a "racket") to solve a problem that wouldn't otherwise exist without the enterprise offering the service. Racketeering as defined by the RICO act includes a list of 35 crimes.

https://www.law.cornell.edu/uscode/text/18/1961

El Oregonian's picture

I don't know if even the devil himself has a fire hot enough for what this vile and wicked woman truly deserves.

Money Boo Boo's picture

RED/BLUE ALERT!!

 

The entire American economy is one GIANT FRAUD.

TruxtonSpangler's picture

Who didnt know the Clinton Foundation was a fraud?

Dr. Spin's picture

Honestly Truxton, I didn't know it was a fraud.  I thought it was red white and blue apple pie god damned honest American philanthropy, and dear sweet Hillary is everybody's mom in a gingham dress with a big glass of iced tea for our enjoyment. 

;/s

jcaz's picture

Late 80's,  I was with an investment bank in Missouri.  Let's just say that we had a "less than sparkling" reputation.

Periodically, we'd put together an IPO.  Missouri was fairly tough,  so when our more rancid pieces of shit failed to pass the MO smell test,  we'd take it over to Arkansas,  because we knew the Governor and his wife over there would put his stamp on anything if we paid him enough money.  The wife in particular seemed particularily greedy- she rarely even bothered to read our DD, because apparently "it just didn't matter" to her;

Fast forward to Bill running for President.  We all fell over in our chairs laughing- the STONES on this dude to run,  knowing what EVERYONE had to know, because what went on in AR was NO secret.

But there ya go.  No one bothered to even ask Question 1 about the 80's.

So yeah- this whole episode has the same feel we did back in '93.

TruxtonSpangler's picture

Heres a great synopsis of Bill Clinton's apparent LACK of history: http://mileswmathis.com/lewin.pdf

logicalman's picture

The law doesn't really matter to the likes of Hitlery, due to the asymmetrical application of the aforementioned law.

Unlikely you will be convicted if you own the judge at your trial.

 

mkhs's picture

But if there was a martyrs brigade, what would happen?

sheikurbootie's picture

Bollixed. You're fucking retarded.

Republi-Con's picture

More HILARIOUS KREIGER BULLSHIT!

LMAO!

KREIGER IS SO FULL OF SHIT, WHEN HE TALKS,

THATS NOT HIS TONGUE, BUT TOILET PAPER FLAPPING! LOL

Keyser's picture

"There's a big club, and you ain't in it" - George Carlin

 

UselessEater's picture

The Reece Committee exposed the use of 'foundations' for ....wait for it.... social control!

A predominant theme found in the Committee’s findings is the desire of the foundations and those behind them to create a system of world governance. The use of propaganda and social engineering was identified as a means to and end to achieve this goal. In 1932, the president of the Rockefeller Foundation, Max Mason, stated that “The social sciences… will concern themselves with the rationalization of social control…”

http://www.oldthinkernews.com/2008/07/01/the-reece-committee-social-scie...

 

The Saint's picture
The Saint (not verified) willwork4food May 7, 2016 1:22 PM

Sic 'er, Donald.

Dog Will Hunt's picture

YEAH!  YEE-HAW!  GO GIT 'ER, DONALD!  

Sweet fucking Christ.  Another drop-to-your-knees moment for the cult of personality-addled Trump Suckers.  

Sluuuuuuuuuuuuuuuuuuuuuuuuuuuuurp.

RiverRoad's picture

Why couldn't she just accept a mink and some pearls from Bill, like other women, instead of demanding the Presidency?

The Alarmist's picture

Good question.  Here's another ... how can someone whose judgment and ethics were considered to be so questionable that she was fired by the group investigating Nixon for impeachment still be seriously considered as Presidential material.

PTR's picture

You're assuming that that office was set up to be occupied by reputable people.  Fallacy # 1.

RaceToTheBottom's picture

All big money is corrupt.  Especially when it is institutionalised to form multi generational influence...

thebigunit's picture

Translation: Abolish inheritance.

Especially when it is institutionalised to form multi generational influence...

So, you're a Marxist. Got it.

Marxists are against inheriting MONEY.  They believe in inheriting COUNTRIES.

RaceToTheBottom's picture

People  that cannot read should not translate.

Krungle's picture

Wow, straight for the ad hominem, eh?

You should re-read the quote that you posted. 'Institutionalized....mulit-generational influence." Yes, we should all be against that. 

You want to leave your kids a house and some money? Swell. You want to leave them on the board of directors of a bunch of crony capitalist corps, think tanks, "charities" or lobbying groups? Well, you can suck a bag of dicks. Otherwise you are simply signing off on the centralization of power and the deformation of markets in favor of entrenched families. 

Besides, by allowing families to maintain power over generations, you select for and enrich sociopathy genes. A sensible society would sterilize their oligarchs and slowly reduce the frequency of those genes, not allow them to marry into other sociopath families.

thebigunit's picture

You're still a Marxist.

I can't help you.

You should have picked better parents.

thebigunit's picture

Hmmmm.  Food for thought.

Bill, if he wants to survive her campaign, should get rid of all pillows. I think?  ;-)

What would be a suitably heroic, untimely, unexpected and dramatic  "accidental" death for a towering public figure as beloved as Bill Clinton?

  1. Contracting zika virus while hugging a homeless third world child in Central America
  2. Being trampled to death by a team of horses pulling a carriage at Queen Elizabeth's funeral
  3. Being blown to bits while defusing a car bomb on his way to an audience with the Pope in the Vatican
  4. Choking to death on a Burger King Whopper grabbed from the drive-though on the way to a women's shelter
  5. Being crushed under pallets of hundred dollar bills knocked over during the ribbon cutting ceremony at Goldman Sachs new Scrooge McDuck Memorial Money Bin.

There are no "accidents" insofar as the Clinton's are concerned.  Everything happens for a reason.

mkhs's picture

All of the above in sequential manner?

zeropain's picture

victum? I think she was holding monica's head down on bill's...

buttmint's picture

...Looney..spot on, +1k puntas. The Clinton's are a redneck Mafia crime syndicate showing the Gambino's a thing or three. Expect MANY FBI suicides as the Clinton-Bush Crime syndicate flexes its muscles. Yet, the shine continues to wear off.

Many of these Clinton "revelations" are the work of the next power up the ladder from Clinton-Bush Criminales. Maybe the Chinese of KGB old boy network.

This is asymentric warfare we are witnessing. And your comments have gone a long way towards providing a spark of truth and illumination in a dimly lit warren of our age.

Mid-level spontaneous FBI "suicides." Expect the author of this fine article suddenly experience a Mercedes going wildly outta control. A LEASED Mercedes granted to him courtesy of the SeeIA.

The fallout in ranks is just beginning.

Blankenstein's picture

And this on going behavior started a long time ago

 

After nearly two years of searches and subpoenas, the White House said this evening that it had unexpectedly discovered copies of missing documents from Hillary Rodham Clinton's law firm that describe her work for a failing savings and loan association in the 1980's."

 

http://www.nytimes.com/1996/01/06/us/elusive-papers-of-law-firm-are-foun...

 

"The mysterious appearance of the billing records, which had been the specific subject of various investigative subpoenas for two years, sparked intense interest about how they surfaced and where they had been"

"But Whitewater investigators believe that the billing records show significant representation. They argue that the records prove that Ms. Clinton was not only directly involved in the representation of Madison, but more specifically, in providing legal work on the fraudulent Castle Grande land deal."

 

"Investigators believe this suggests that, at some point, this copy was passed from Vince Foster to Hillary Clinton for her review.

In addition, investigators had the FBI conduct fingerprint analysis of the billing records. Of significance, the prints of Vince Foster and Hillary Clinton were found."

 

http://www.pbs.org/wgbh/pages/frontline/shows/arkansas/docs/recs.html

 

 

Muppet's picture

Excellent link.  True smoking gun.

Blankenstein's picture

It is unbelievable that this corrupt woman is considered a serious candidate for President of the United States.  We are doomed.

 

"A former top official of Madison Guaranty Savings & Loan told federal investigators Tuesday that he warned Hillary Rodham Clinton in 1986 that loan transactions she was handling could be irregular, but he said she "summarily dismissed" his concern."

 

 "Clinton may have had more knowledge of legally questionable transactions than her own statements indicate. Federal regulators have said the loans appear to have been designed to conceal inflated commissions to a Madison executive who was involved in a Madison real estate project known as Castle Grande.

The Castle Grande deal, criticized by bank examiners as a series of sham land sales and insider transactions, caused some $2 million in losses to Madison -- a cost ultimately absorbed by taxpayers when Madison collapsed."

https://www.washingtonpost.com/archive/politics/1996/06/14/ex-madison-ai...

 

MrBoompi's picture

Well Nope, you mention the Clintons only know how to take.  I'm sure you mean they only know how to take a cut of the action.  Because these "donors" are not giving out the goodness in their hearts.  The real scandal here, other than the obvious payday, is the favors doled out to these people as a result of their generosity.  

Kirk2NCC1701's picture

It might only "Make a Difference" in the court of Public Opinion, cause it sure as hell won't make a difference in our 2-tier legal system, that allows O'Bummer to give her such blatant Protection.

And nothing will change until PERHAPS Trump lets the FBI nail her crooked a$$.

Although I'd prefer to see the Public go "Full Caucescu" on both crime families, as well as the one in Crawford TX.

oncefired's picture

Nothing To See Here, Move Along!

Kefeer's picture

because...they are model citizens!!

ClydeCrashcup's picture

Is that a multitude of hard drives falling from her ruptured head?