Hillary Clinton 2008 Presidential campaign caught up in Spiderman's web?(3-1 odds to be prez)

Hillary Clinton 2008 Presidential campaign caught up in Spiderman's web?

Peter Paul vows to end Hillary Clinton's political career

Gambling911.com has learned that the Washington Times plans to revive media focus on the landmark civil fraud suit now scheduled for trial against former President Bill Clinton on March 27, 2007, with Hillary Clinton allegedly a co-conspirator.

Sportsbook.com, which offers betting odds on the 2008 Presidential race with Hillary Clinton a 3 to 1 favorite of winning (every $1 bet would pay out $3), is not expected to make any changes to these odds over the next few weeks.

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Who is Peter Paul?

Paul emerged in 2000 as an ardent supporter of Senatorial candidate Hillary Clinton. Paul and his attorneys have at various times offered two explanations for this. First, that he was trying to attract her husband, then-President Bill Clinton, to serve on the board of Stan Lee Media after leaving office. Second, that he hoped to negotiate a pardon for his previous criminal convictions.

Paul produced and underwrote what he described as the largest fund raising event ever held for a federal candidate, in Los Angeles, days before the 2000 Democratic Convention began. The "Hollywood Farewell Gala Salute to President William Jefferson Clinton" featured prominent entertainers singing for the President, while raising over $1 million for Hillary Clinton's Senate campaign.

According to a report featured in Wikipedia, the event cost over $2 million to organize, much of it borrowed fraudulently by Paul from Merrill Lynch. Later indictments would make clear that Merrill Lynch lost about $5 million it had lent to Paul.

An individual close to Paul denies this and insists the Wikipedia bio is written by someone who has it out for Peter Paul, specifically one Clinton Acolyte.

"These statements are false. Merrill Lynch did not lose any money and this was a red herring- Paul was never charged with fraudulent borrowing- he was charged with stock manipulation intended to save his company from the effects of Bill Clinton's interference with his company's funding., which he pled guilty to in March 05."

From WorldNetDaily.com:

"Paul alleges, the former president's agent diverted a key investment away from Paul's company and it failed in the dot-com meltdown several years ago. Now his lawsuit against Clinton and others for allegedly conspiring to destroy his $200 million Internet business is moving forward, with a motion to file a second amended complaint.

"A hearing on that motion, submitted to the court today, is scheduled Sept. 25, officials with the United States Justice Foundation told WorldNetDaily.

"Paul alleges after he donated $1.9 million of cash and in-kind contributions for Mrs. Clinton's Senate campaign, Bill Clinton's agent used proprietary information obtained from Paul to convince Paul's Japanese partner to incorporate Venture Soft USA with him, not invest another $5 million with Paul."

Paul told WorldNetDaily.com: "Rather than being disgruntled contributor, I am an injured businessman whose entire interest was to employ an ex-president as a rainmaker for my company," Paul told WND. "I had no interest in the politics."

2008 Presidential hopeful HIllary Clinton with Peter Paul

Committed American conservatives have greatly welcomed the Washington Times as an alternative to mainstream news

When we think of Spiderman, the Clintons are usually not the first thing that come to mind. Then again, to some people....maybe it is.

Spiderman creator Stan Lee

Paul also claims to have made huge contributions to Hillary Clinton's campaign for New York State Senator after being told by the Clinton's representative that the former President agreed to work with Paul after leaving the White House.

Paul told WND that he was assured personally by Clinton on three occasions that the plan to have Clinton work with Paul's company was fine.

The lawsuit seeks damages in excess of the $1.9 million plus punitive damages, which could be $30 million for his lost company, according to the filing prepared by Colette Wilson and Gary G. Kreep, of the USJF.

How Spiderman Might Foil Hillary's Campaign for President

Paul told WorldNetDaily.com he was just trying to create a 21st Century Disney-style entertainment company based on the Internet, using the "most successful communicator to young people through superheroes," Spiderman creator Stan Lee.

His plan, he said, was to reach an agreement with Bill Clinton so that following his departure from the White House he would do work as a "rainmaker" with the new company to raise its profile. A rainmaker is a leader who attracts investors, establishes banking relationships and draws partners.

To that goal, he said, he was willing to reach out to the Clintons by donating huge sums to Hillary Clinton's Senate campaign as a "prelude" to the commitment he believes he was given from the Clintons. Paul says he was guided by DNC chairman Ed Rendell on how to approach Clinton and became Hillary Clinton's largest campaign donor on Rendell's advice and Clinton's requests.

According to reports, Lee befriended Peter Paul, who supervised the negotiation of a non-exclusive contract with Marvel Comics for the first time in Lee's lifetime employment with Marvel. This enabled Paul and Lee to start the new Internet-based superhero creation, production and marketing studio, Stan Lee Media, in 1998.

It grew to 165 people and went public, but near the end of 2000, investigators discovered illegal stock manipulation by Paul and corporate officer Stephan Gordon. Stan Lee Media filed for bankruptcy in February 2001, and Paul fled to São Paulo, Brazil. He was extradited back to the U.S., and pled guilty to violating SEC Regulation 10(b)5 in connection with trading of his stock in Stan Lee Media. Lee was never implicated in the scheme.

Impact on a Possible Presidential Campaign

"This could just be a case of sour grapes," commented Gambling911.com Political Analyst, Payton O'Brien. "Still, this type of negative exposure and affiliation with Paul can't exactly help Clinton's campaign either. They (The Clintons) have overcome much worse though throughout Bill Clinton's presidency."

The Washington Times is a daily broadsheet newspaper published in Washington, D.C., United States.

As of March 31, 2005, the Times had an average daily circulation of 103,017, according to the Audit Bureau of Circulations, about one-seventh of its chief competitor, the Washington Post.

The Times was founded in 1982 by Sun Myung Moon, leader of the Unification Church and the Family Federation for World Peace and Unification, to be a conservative alternative to the larger Washington Post. To this day, it is widely perceived as maintaining a right-leaning editorial stance. By 2002, the Unification Church had spent about $1.7 billion in subsidies for the Times.

Though frowned upon by many in the journalism community (i.e. underlying religious posture is often cited), committed American conservatives have greatly welcomed the publication as an alternative to mainstream news.

Dante Chinni, writing in the Columbia Journalism Review said:

In addition to giving voice to stories that, as Pruden says, “others miss,” the Times plays an important role in Washington’s journalistic farm system. The paper has been a springboard for young reporters to jobs at The Wall Street Journal, The New York Times, even the Post. Lorraine Woellert, who worked at the Times from 1992 to 1998, says her experience there allowed her to jump directly to her current job at Business Week. “I got a lot of opportunities very quickly. They appreciated and rewarded talent and, frankly, there was a lot of turnover."

O'Brien surmises we will witness various changes in the odds of Hillary Clinton becoming the next President of the United States and that these odds will reflect public opinion for the most part.

"First Hillary (Clinton) has to announce her intentions to run," O'Brien said. "Then as we get closer to election year and both the Republican and Democratic parties come out swinging, we should witness a constant change in odds for all candidates. Right now 3 to 1 could be a good bet since Hillary may ultimately end up being posted as a big favorite that does not pay out as handsomely once the candidate pool has been dwindled down."

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Christopher Costigan, www.gambling911.com

Originally published September 6, 2006 9:56 pm EDT