Hat tip O'Keefe.
Posted on 10/26/2016 8:46:18 AM PDT by kabar
Historically, the Foundation has not had the resident capacity to raise these funds annually; To raise the more than $120 million the Foundation has used to operate since 2001 – Justin and I have helped to raise the majority of the funds. Since 2006, approximately $6-11 million of the Foundation’s operating costs have been covered by net proceeds from CGI ($46 million total to date). CGI and our fundraising efforts have generated sufficient funds to establish a quasi endowment, which today stands at $18 or so million. Since 2003, we have developed strategies to raise the approximately $6-10 million a year gap between the net proceeds from CGI and our annual operating budget. This gap is largely funded through direct solicitations by Justin and me, some through speeches the President gives on behalf of the Foundation, through events, finding partners throughout the world to donate if we attend there dinner or event, auctions and so on.
Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities – including speeches, books, and advisory service engagements. In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals. In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like.
Neither Justin nor I are separately compensated for these activities (e.g., we do not receive a fee for, or percentage of, the more than $50 million in for-profit activity we have personally helped to secure for President Clinton to date or the $66 million in future contracts, should he choose to continue with those engagements).
(Excerpt) Read more at wikileaks.org ...
In this case I was speaking to you about the subject of this particular email.
As far as what you were saying. I know how you feel. Now if the MSM suddenly starting telling them it was a big deal then the population would suddenly believe it.
We have an educational system that acts like a brainwashing operation for the liberals. Yes, education starts at home, but we must do something about our educational system that fails to teach the basics about how our Republic works, especially the Constitution. The Dems use ignorance to manipulate an uninformed public. The Media is just another arm of the DNC.
Bookmark
Could you give a little context and maybe a hint of what to look for in the attachment?
Take a look at posts #10 and #12. Going to the link and looking at the attachment tab is not all that difficult. This is a really big deal. I expect it to take off once the conservative media digests it. The revelations are explosive.
Ah, much thanks, I made my request before scrolling through the posts.
When he went to jail, investigators found Ponzi King Bernie Madoff
had stashed billions offshore-----into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
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WIKI.COM NAILS THE MADOFF OPERATION (emphasis added) Stanley Chais, a "philanthropist" who invested heavily with Mr. Madoff, and Carl J. Shapiro, one of the money manager's oldest friends, are among at least eight Madoff investors and associates being scrutinized by the U.S. attorney's office in Manhattan. Prosecutors are continuing to probe Madoff family members and employees.
Others include: Frank Avellino, a Florida accountant who ran an investment fund that invested client money; Noel Levine, a real-estate investor who works out of a two-room office on the 17th floor, next door to Madoff's fraudulent investment operation, and Palm Beach investor Robert Jaffe, a son-in-law of Mr. Shapiro who referred potential investors to Madoff.
Entity called Madoff Securities International Ltd.----In 2008, about $1 billion was transferred between Madoff’s U.S. firm and Madoff Securities International Ltd. in London. On March 24, 2009 Judge Louis L. Stanton granted power of attorney to Irving Picard, trustee, over Madoff's controlling stake in London.
Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office.
He allegedly sent more than $250 million beginning as early as 2002, from his New York-based firm, Bernard L. Madoff Investment Securities LLC, to the U.K. office and then back to accounts in the U.S.
In 2000, Madoff began to add staff and expand the operation, and loaned the business $62.5 million. He had a staff of 25, including traders, managers and support. Instructions to staff was that they communicate with Madoff Securities through personal e-mail accounts, not through company e-mail.
There were nine directors. Family members with shares included Mark and Andrew Madoff, Peter Madoff, and Bernard himself. Ruth Madoff, Bernard Madoff's wife, also held shares. [8] Non-family members with shares included Maurice J. "Sonny" Cohn. Madoff and Cohn were shareholders in Cohmad Securities, which steered investors to Mr. Madoff's advisory business.
In 1987, Mr. Cohn had shares of Madoff Holdings Ltd., a predecessor to the current London firm. In 1998, Mr. Cohn held 35,624 non-voting shares, some of which he transferred to "BL Madoff" in 1998, and the rest that he "disposed of" in 2004.
Paul Konigsberg, a New York City accountant and a longtime friend for more than 25 years, prepared two Madoff Family Foundation tax returns, and received the non- voting shares, valued at $35,000. He did work for the London office when it was first opened. [8]
A general ledger of Madoff accounts listed Konigsberg, of the reputable accounting firm of Konigsberg, Wolf & Co., as receiving $30,000 a month to advise the MSIL operations, and funnel client checks to the London office for Madoff's own use.[9]
Clients were often directed to Mr. Konigsberg by Mr. Madoff and his family. Mr. Konigsberg prepared the tax returns of foundations of six other families, many of which have lost millions, even hundreds of millions, of dollars. He also represented scores of individual Madoff investors.
Mr. Konigsberg's firm has received a civil subpoena from the SEC. His Madoff-related clients included Carl and Ruth Shapiro, Boston philanthropists whose foundation lost $145 million, and whose son-in-law, Robert M. Jaffe, under investigation, is a Madoff business partner.[9][10]
Konigsberg held Madoff accounts under his name including two in the name of the Westlake Foundation. Paul J. and Judith Konigsberg are officers and directors of the foundation. He owns homes in his wife, Judith's name in Greenwich, Connecticut and Palm Beach Gardens, Florida.[11]
On April 20, 2009, Steven Leber filed a $4 million lawsuit against Konigsberg and his accounting firm for negligence, and breach of fiduciary duty.[12] Konigsberg answered the charges with affirmative defenses.[13]
Evidence is being gathered by investigators on a U.S.-U.K. task force that Konigsberg and Levy, a real-estate mogul and philanthropist are believed to be involved in an international transfer of money. Levy is believed to have helped Paul Konigsberg funnel checks to London. And investigators in New York say there were billions of dollars worth of checks going back and forth between Madoff and Levy.
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One Levy entity---a "do-good tax-exempt foundation" "says" it "lost" $224 million "investing" with Madoff. Supposedly the foundation helped the "less fortunate," especially ex-convicts. NOTE "losing investment money" is a tax-write-off.
====================================================
Looks like Madoff helped himself to his "investors'" money. The suckers
thought Madoff was just doing them a favor---money-laundering, and tax evasion.
Right Bill?
This is really great stuff.
The only problem I see here is that this reads so much like the hundreds of legal memos I’ve seen in my work. In other words...dull as dirt to the common man.
What is lacking that is needed here is Context...it is not self-evident if you don’t know about the laws or the structures of non-profits. People need to be plainly educated on WHY this is a big deal. Outside of insiders...no one will get it.
Hat tip O'Keefe.
Put a woman dressed in a bikini next to it and it’ll have swarms of people reading it! Megan Kelly would jump at the chance to be seen...!!!
Put a woman dressed in a bikini next to it and it’ll have swarms of people reading it! Megan Kelly would jump at the chance to be seen...!!!
I found this to be interesting:
For-Profit Activity of President Clinton (i.e., Bill Clinton, Inc.) Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities – including speeches, books, and advisory service engagements. In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals. In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like. Neither Justin nor I are separately compensated for these activities (e.g., we do not receive a fee for, or percentage of, the more than $50 million in for-profit activity we have personally helped to secure for President Clinton to date or the $66 million in future contracts, should he choose to continue with those engagements).
With respect to business deals for his advisory services, Justin and I found, developed and brought to President Clinton multiple arrangements for him to accept or reject. Of his current 4 arrangements, we secured all of them; and, we have helped manage and maintain all of his for-profit business relationships. Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements.
I wonder if the Clintons included the "in-kind services" in their tax returns. They need to be monetized and taxed.
For this stuff, she might need to lose the bikini to get attention...
Their accountants should have made that danger clear. But I would be willing to wager a reasonable sum they didn’t claim it. Certainly not all of it...”and the like”
Somewhere back there in that phrase “and the like” lurks Jeffrey Epstein. I’d bet the house on that.
That is why the call is out to Christian believers and lovers of liberty and limited government to re-commandeer the levers of power in not just government, but ALL of our American institutions including education and the media.
That is a major theme of my website currently under construction:
https://sonsofconstitutionalliberty.com/
It is clear that the in-kind services applied to their “for profit” efforts. They must estimate the costs of these in-kind services and claim it as income. If they didn’t, then there is another issue for the Trump campaign. Fortunately, we have the Clinton tax returns to check it out.
Yes! Exactly.
Yeah, I was just venting in general in my post. :-)
No way in h4ll are the Clintons only worth 250mil.
Your friends don’t understand that if those emails were hacked that she can be blackmailed as POTUS, they honestly think that is OK??
Have you EVER asked them HOW do they believe HELLARY became a billionaire with her salary as SOS at 250,000 a year??? Aren’t they the least bit curious as to HOW they have become SO wealthy???
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