Hillary Clinton’s Next Speech Hosted by Foreign Bank Accused of Aiding Enron Fraud

Editor's Blog-Washington Free Beacon ^ | January 19, 2015 | Andrew Stiles

[lbryce]

On Wednesday, for example, Clinton will continue quest to become more relatable by speaking at an event hosted by the Canadian Imperial Bank of Commerce, a Toronto-based institution that has been the subject of multiple U.S. investigations into fraud and other financial transgressions, including helping the notorious Enron energy company to mislead investors.

McClatchy reports:

In 2003, the Canadian Imperial Bank of Commerce settled a case with the Securities and Exchange Commission for $80 million for allegedly helping the Enron energy company mislead investors through a series of transactions over a period of several years, according to the SEC. At least two executives agreed to settle charges of aiding and abetting the fraud, paying a total of $600,000.

In 2005, CIBC settled another case with SEC for $125 million after it was accused of financing late trading to increase their customers’ trading profits at the expense of long-term mutual fund shareholders, according to the SEC.

And again in 2005, the bank agreed to pay nearly a half million dollars to settle SEC allegations that it broke the law by underwriting municipal securities for the state of California after making campaign donations to six politicians, including former Democratic California Gov. Gray Davis, according to the SEC. Securities law forbids a corporate donor from doing municipal securities work for an issuer within two years of a contribution

[lbryce]

Is anyone, can anyone, be surprised by this? She's looking to make money. The bank is Canadian and was never found guilty of anything. Yes, they like to be involved in deals that are sinister and duplicitous. Hillary is the perfect speaker for these guys. Being in Canada she has more leeway to say what she wants.

[HarleyLady27]

I have a great idea, lets forget about the Clintons, Bushes, McPain, Linsday, Reid, Holder, and the rest of the idiots that are trying to take our Country to the Muslims, and start backing some new blood, Paul, Cruz, Perry and see if their ideas are any better...and tell the lobbyists to get the hell out of our business.....