So do Bill and Hillary also cash in on the ill-conceived Greek investment? The buzz is the two kindly in-laws pulled out all the stops to help the hedge/fund-challenged Mezvinsky.Read on.
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When Chelsea Clinton's husband started a hedge fund, he gained access to investors who had ties to the Clintons and to Goldman Sachs. Back in 2011, Mezvinsky, now 37, and two former Goldman Sachs'ers — Bennett Grau and Mark Mallon — began raising money for Mezvinsky's Eaglevale Partners LP hedge fund.
Some of Mezvinsky's "investors" included Goldman Sachs CEO Lloyd Blankfein. Blankfein, a slavish Democrat supporter, said he had "always been a fan of Hillary Clinton."
The WSJ reported extensively on the hedge fund's underperformance since its inception and Mezvinsky's mediocre investing and strategizing.
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THIS JUST IN---Bloomberg is reporting G/S's CEO Lloyd Blankfien is a newly-minted billionaire---and also has his own Foundation.
Mmmmmmmm....the sound of wire-transfers is almost palpable.
The IRS says the biggest tax evasion fraud is one Foundation writing a check to another Foundation. The check receiver takes a cut, then wire-transfers the bulk to an offshore bank for the check-writer's use later ----- the way these "humanitarians" skim off-tax free dollars for themselves.
AND THIS---(Excerpt) Read more at judicialwatch.org ... On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence. Clinton told Amr, “I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline… otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”
After referring to Benghazi, Secy Clinton’s telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a “very successful investment visit led by my deputy Tom Nides, and on the very day they left, this series of incidents began to unfold.”
According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for “communications with donors” to the Clinton Foundation. Nides was also involved in the earlier scandal involving Clinton’s efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky.
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Mezvinsky's $325 million basket of offshore funds under the Eaglevale Partners hedge fund lost tens of millions of dollars. Mezvinsky's exclusive Greek debt fund suffered near-total losses....and ended up shuttering the disastrous hedger.
It takes a special kind of stupid for Mezvinsky to drop that much cash trading on good inside information from Hillary and the State Dept gofers. Then again, "special kid of stupid"....sure does describe the Mezvinsky family. Read on.
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Chelsea's FIL, Ed Mezvinsky, is a former Democratic congressman; he sat on the House Judiciary Committee that decided the fate of Richard Nixon. He was outspoken, saying that Nixon was a crook and a disgrace to politics and the nation and should be impeached.
Later, Mezvinsky served seven years in a federal prison for stealing money from his friends, family and associates through a series of crude Nigerian-based scams. Sap-happy Mezvinsky was targeted as a likely subject for the infamous Nigerian black ink scam.
Edward, a lawyer, was married when he met Chelsea's MIL, Marjorie----they soon got married---but divorced after Edward got conned into several notorious Nigerian-based email financial frauds guaranteed to make you rich.
In his haste to get rich quick, to raise money to get in on these "heaven-sent" investment schemes, Edward defrauded many of his friends and business contacts.....including Marjorie's mother.
Alas, when the Nigerians got their hands on Ed's money, they did a 23-skidoo. Having failed to come up w/ payback, Edward got nabbed by the long arm of the law. Mezvinsky pleaded guilty to 31 of 69 felony counts. He did hard time----spent 7+ years in a federal prison w/ no chance of parole, and still owes $10 million in restitution.
Democrat Congressional 2014 candidate Marjory Margolies is also no stranger to the dollar disease. Because of her husband's felony convictions, she filed for bankruptcy. But the court would NOT discharge her of her debts, finding that she could NOT explain where some $1 million in assets had vanished, in the previous 4 year span...during Mezvitsky's crime spree.
In their heyday, Ed Mezvinsky and then-wife Marjorie, herself a former Democratic congresswoman from Pennsylvania (an ex-TV reporter---and recent election loser), were part of the political and social elite in Philadelphia.
The Mezvinskys were close to Bill and Hillary Clinton and were frequent guests at the White House. Prosecutors say Mezvinsky exploited his ties to the Clintons, including his son's relationship with Chelsea, to woo investors to contribute more money to the Nigerian schemes.
In an interview with Des Moines Register from prison in 2003, Mezvinsky said he found the notoriously fraudulent Nigerian Black Ink scam "convincing."
"The Nigerian man came out with a chemical, threw it on the money, and it all turned to $100 bills. He gave me 10 to have them tested back home. And they were real," Mezvinsky told a reporter.
LOSSES GALORE: 2014 candidate Marjorie was flacked by the Clintons but lost her bid to get back into Congress.
“The IRS says the biggest tax evasion fraud is one Foundation writing a check to another Foundation.”
Thanks, Liz. Didn’t know that’s the way Clinton’s et. al. are saving their ill gotten gains. Very interesting. Of course, the line about Al Capone and RICO comes to mind if Trump replaces the head of the IRS. If not, Hillary’s IRS will be even more vicious than Obama’s.