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Bill Clinton Gets $700K Cash Windfall
Trading Markets ^ | 3-7-08 | UPI via COMTEX

Posted on 03/08/2008 10:57:44 AM PST by paul in cape

Ethical questions have arisen about former U.S. President Bill Clinton's $700,000 sale of stock given him by a failing Internet company founded by a felon.

Clinton got the non-publicly traded Accoona Corp. stock in 2004, the year the company was created, as a gift for speaking at a company event, The Washington Times reported. Valued at 66 cents a share when issued, he sold the 200,000 shares at $3.50 per share to an undisclosed buyer in May 2006, while the company, backed by the Chinese government, was reporting losses in the tens of millions of dollars.

His wife, Sen. Hillary Clinton of New York, had not announced her intention to seek the Democratic presidential nomination when Clinton sold the stock and plowed the proceeds into the William J. Clinton Foundation, the newspaper said.

The sale was listed on the foundation's tax returns reviewed by the Times. Some ethics experts said they were troubled by the lack of disclosure about the buyer specifically, and the activities of former presidents' foundations generally.

Sheila Krumholtz of the non-partisan Center for Responsive Politics, which studies political money and ethics, said former presidents aren't required to disclose donations and stock transactions to their foundations, but they should to avoid the appearance that money was buying special access.

Accoona, based in Jersey City, N.J., was co-founded by Armand Rousso, who pleaded guilty in 1999 to federal money laundering and other charges. The China Daily Information Co., a subsidiary of the Chinese-controlled newspaper China Daily, holds nearly a 7 percent stake in Accoona.


TOPICS: Business/Economy; Culture/Society
KEYWORDS: accoona; accoonacorp; billclinton; clinton; clintonstock; windfall
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I'm SHOCKED...SHOCKED!
1 posted on 03/08/2008 10:57:47 AM PST by paul in cape
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To: paul in cape

LOL


2 posted on 03/08/2008 10:58:35 AM PST by Dante3
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To: paul in cape
The Clintons: 35 years of corruption and incompetence
3 posted on 03/08/2008 10:59:03 AM PST by MNJohnnie (http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
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To: paul in cape

I guess if it’s $700k, it’s not right to call him a ‘grifter’ anymore...


4 posted on 03/08/2008 10:59:54 AM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: paul in cape
More REAL examples of how CORRUPT the Clinton pair are:-()

Stock
China
Criminals

5 posted on 03/08/2008 11:00:29 AM PST by geo40xyz ((McCain, Obama or Hillarybeast possibility of 4 Supreme Court Justices, Gore @UN. The WINNER is?))
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To: paul in cape
"...he sold the 200,000 shares at $3.50 per share... in May 2006, ...the company, backed by the Chinese government... His wife, Sen. Hillary Clinton of New York, had not announced her intention to seek the Democratic presidential nomination when Clinton sold the stock and plowed the proceeds into the William J. Clinton Foundation,"

Well, hey! who woulda guessed back in 2004, or even 2006, that Hillary was goin' (to use her terminology) to run for President?
</sarc>

6 posted on 03/08/2008 11:03:15 AM PST by Redbob (WWJBD - "What Would Jack Bauer Do?")
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To: paul in cape
Ethical questions have arisen about former U.S. President Bill Clinton's $700,000 sale of stock given him by a failing Internet company founded by a felon.

I can't for the life of me see why?

7 posted on 03/08/2008 11:06:16 AM PST by Poison Pill
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To: Redbob

Nah, she was a surprise candidate last year. Nobody suspected she’d run for Pres.


8 posted on 03/08/2008 11:08:39 AM PST by ProtectOurFreedom
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To: paul in cape

bump for later...


9 posted on 03/08/2008 11:11:04 AM PST by tcrlaf (VOTE DEMOCRAT-You'll look great in a Burka!)
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To: paul in cape

Don’t yall think he should have to share it with the rest of us?


10 posted on 03/08/2008 11:11:37 AM PST by CindyDawg
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To: MNJohnnie

The Clintons: 35 years experience of corruption and incompetence.


11 posted on 03/08/2008 11:14:58 AM PST by Joiseydude
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To: paul in cape

I volunteer to hold the money for him while the courts decide whether or not this was ethical.


12 posted on 03/08/2008 11:17:39 AM PST by Cicero (Marcus Tullius)
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To: paul in cape

It seems this special relationship with China goes back a long time, at least to Slick’s time in Arkansas. This connection and the Chinese campaign contributions for the 1996 election was what impeachment should have been about but it was sidetracked to the Monica episode. Ken Starr had gained much evidence and it was all in the evidence room but noone dared look at it.


13 posted on 03/08/2008 11:21:20 AM PST by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: paul in cape
while the company, backed by the Chinese government

Does someone here on FR have a collection of these numerous clinton/chicom connections?
14 posted on 03/08/2008 11:23:04 AM PST by kinoxi
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To: paul in cape

As with icebergs, only the tip is exposed. Shame on Rush and anyone voting for Hillary to take a chance on putting the grifter in chief back in the White House. Never vote for evil.


15 posted on 03/08/2008 11:26:10 AM PST by NonValueAdded (Who Would Montgomery Brewster Choose?)
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To: paul in cape
paging Two Americas, John Edwards, please pick up the white courtesy phone.
16 posted on 03/08/2008 11:28:34 AM PST by eyedigress
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To: paul in cape

Ethical questions have arisen about former U.S. President Bill Clinton’s $700,000 sale of stock given him by a failing Internet company founded by a felon....

as ethical as the piaps gaining $100,000 in cattle futures!!!


17 posted on 03/08/2008 11:30:21 AM PST by nyyankeefan
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To: nyyankeefan

I briefly saw where Obama brought that up. LOL


18 posted on 03/08/2008 11:32:16 AM PST by eyedigress
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To: paul in cape
More Clinton funny money:

InfoUSA says SEC and internal investigations delays annual report (Millions misspent on Clintons)

19 posted on 03/08/2008 12:09:29 PM PST by TexasCajun
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To: MNJohnnie

Isn’t there some sort of campaign finance law that covers this kind of crap????


20 posted on 03/08/2008 12:15:36 PM PST by ridesthemiles
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