Wall Street financial analyst and investor Charles Ortel believes he can demonstrate material irregularities in the state registrations and federal filings of what today is known as the Clinton Health Access Initiative Inc., or CHAI.....a mega-funded “charity.”
“These irregularities are of sufficient magnitude that if any of the 50 state attorneys general should present the evidence to a federal district judge, I believe an injunction would be ordered, shutting down the Clinton Foundation and placing the organization in receivership,” he said.
BACKSTORY Ira C. Magaziner, who was a Rhodes scholar with Mr. Clinton and ran Mrs. Clinton’s failed attempt at a health care overhaul in the 1990s, runs the Clinton Health Access Initiative. Vice Chairman and Chief Executive Officer, Magaziner’s salary is $400,000 annual....plus the many perks that go along w/ a “charity” that budgets $100 million per year.
CHAI received hundreds of millions from foreign nations between 2009 and 2014, including: the UK ($79.7 million), Australia ($58.6 million), Norway ($38.1 million), Canada ($12.1 million), Ireland ($11.7 million), Sweden ($7.2 million), and New Zealand ($1.2 million).
A Boston Globe investigative report found that foreign donations “sharply accelerated” to CHAI when Hillary Clinton became secretary of state. “Government grants, nearly all from foreign countries, doubled to $55.9 million in 2013 from $26.7 million in 2010, according to the records,” the report said.
The CHAI health initiative broke off into a nonprofit separate from the Clinton Foundation in 2010, though it is still chaired by Bill and Chelsea Clinton. The charities have remained intertwined. CHAI received a $2 million cash grant from the Clinton Foundation for “Haiti relief,” according to the group’s 2013 tax filing. It received a $4 million cash grant from the foundation for “program service” in 2012.
Magaziner formerly ran the foundation’s Clinton Climate Initiative while also running CHAI, though he ceded control over the environmental group late last year. He was paid $415,000 in salary and consulting fees from the Clinton Foundation in 2013, according to Politico. Bruce Lindsey, Bill Clinton’s longtime lawyer and chairman of the board of the Clinton Foundation, was the highest paid official at CHAI, paid $398,159 in salary and benefits in 2013 as a board member.
Reporting by Reuters has already forced the Clinton Foundation to admit that at a minimum its IRS filings from 2010 through 2012 and those of its Clinton Health Access Initiative (CHAI) from 2012 and 2013 are works of fiction.
According to Reuters, “[f]or three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign and U.S. governments, a dramatic fall-off from the tens of millions of dollars in foreign government contributions reported in preceding years.”
Liz, where can I read about this? Is the WSJ running this?