Posted on 04/05/2008 9:58:47 PM PDT by kcvl
glaringly missing from the summary was mention of $15 million in fees paid by Burkle's Yucaipa Global Opportunities Fund since 2002
(Excerpt) Read more at weblogs.baltimoresun.com ...
TEAMSTERS (IBT)
Billionaire Clinton Friend, Union Accused of Racketeering
Ron Burkle is a very wealthy man, with a net worth listed last year in Forbes magazine at $2.5 billion. He’s also a close friend of former President Bill Clinton. That relationship is now coming under greater scrutiny given the backdrop of Burkle’s now-successful attempt to buy out a major long-distance car-hauling company, with an able assist from the International Brotherhood of Teamsters. On April 23, investors of Hawk Opportunity Fund sued Burkle’s private-equity company, Yucaipa Companies, in Atlanta federal court, charging Yucaipa and IBT leaders with racketeering in Yucaipa’s takeover of Allied Holdings, Inc., North America’s largest hauler. The plaintiff is demanding $200 million in damages, a figure that could triple under RICO statutes. Yucaipa thinks the case is groundless. “We think that this suit is totally without merit,” said company lawyer Robert Klyman. A Teamsters spokesperson likewise dismissed the suit as having no basis. But the surrounding facts notwithstanding provide a window to the ways in which Hillary Clinton will fund her bid to become the next U.S. President.
http://www.nlpc.org/view.asp?action=viewArticle&aid=2019
Aha! And terry MCAwful got a crapload of $$$ from Global Crossing a few years back; birds of a feather...
Because he could.....
Burkle’s Company Let Ice Intended For Katrina Victims Melt. USA Today wrote, “FEMA’s ice-supply
efforts after Hurricane Katrina became a subject of public questions after truckers who were paid $800 a day
hauled ice from state to state without unloading, then delivered their cargoes to AmeriCold and other storage
facilities as far away from the Gulf Coast as Maine... In a Sept. 20 letter to FEMA and the Army Corps of Engineers,
Sen. Susan Collins, R-Maine, chairwoman of the Committee on Homeland Security, sought details about
the costly, circuitous trips. The letter questioned ‘whether the federal government is using relief resources efficiently
in order to provide maximum benefits possible to the victims of Hurricane Katrina.’ Amy Swanstrom, a
spokeswoman for Collins, said agency officials had not yet replied. Ashdown, criticizing FEMA’s handling of
ice distribution after Hurricane Katrina, said AmeriCold ‘was part of the team’ FEMA assembled for the work.
‘The contractors that we had weren’t able to get the job done,’ he said.” [USA TODAY, 10/13/05]
RONALD BURKLE AND THE CLINTONS
RON
The Clinton’s Hypocrisy on Dubai
It’s not just Bill’s $1.2 million Dubai speaking fees that have enriched the Clintons, and its not just the million dollar contribution by the Emir of Dubai to the Clinton Presidential Library that has endeared the Islamic monarchy to them.
It’s much more that that: Bill Clinton was personally responsible for delivering the ruler of Dubai and Prime Minister of the U.A.E., Sheikh Mohammed bin Rashid Al Maktoum, to a partnership with Yucaipa Cos., headed by Bill and Hillary’s uber-fundraiser Ron Burkle.
So Bill Clinton is now an adviser and member of the board of directors of a company that is in partnership with the government of Dubai
“ut the surrounding facts notwithstanding provide a window to the ways in which Hillary Clinton will fund her bid to become the next U.S. President”
I resent the fact that someone would insinuate that Hillary would use ill gotten gain in order to win an election... Shocked... Shocked I tell you!
Burkle is a close friend of former President Bill Clinton, who calls Burkle’s Boeing 757 private jet “Ron Air.”[11] Clinton is employed by Burkle’s investment firm, The Yucaipa Companies. Burkle co-hosted a fundraiser for Hillary Rodham Clinton at his Green Acres Mansion. Burkle and Steve Rattner helped finance Al Gore’s cable Current TV network.[12]
As of May 2007, real estate developer Raffaello Follieri, the boyfriend of actress Anne Hathaway, was being sued by billionaire Ron Burkle for $55 million, an amount which Burkle alleges Follieri and Hathaway spent on a private jet, care for their pet Labrador, and shopping sprees. The money had been intended for a land development project.
Burkle is also a close friend of superstar Michael Jackson[13].
Burkle’s chief of security, Richard Di Sabatino, a private investigator with extensive ties to jailed private investigator Anthony Pellicano
Investments in Cayman Islands tax shelters & Clinton financial dealings
Recent calls for the release of Senator and presidential candidate Hillary Clinton and former president Bill Clinton’s tax returns have brought to light the fact that President Clinton is expecting a $20,000,000 payout from Burkle’s supermarket holding company.
Questions raised about the Clinton’s financial dealings with Yupaica include whether or not Bill Clinton has direct investments in the tax shelters, whether he pays full U.S. income tax on the profits from those investments, why the Clintons first claimed the holdings were in Los Angeles and not the Cayman Islands, and how Hillary Clinton, an opponent of offshore tax havens, can rationalize her husband’s alleged offshore business dealings with her public opposition to the practice.
Exclusive
Ron Burkle Has Lady Problems
“I decided to go forward and talk to the IRS about Ron Burkle and all the Machiavellian connections and all the monies and cash exchanged between Ron Burkle and his big buddy Bill Clinton,” she says. Burkle, who likes to fly around on private jets and flirt icky-old-man-style with much younger women has been such a headache for Clinton while his wife is trying to run for President that he had to pretend to cut all ties with the man.
http://gawker.com/5004771/ron-burkle-has-lady-problems
And yet, on Monday, most of the country will continue on, totally oblivious to the information contained in this thread.
Sounds like Anne is a real high maintenance girl.
Because Obama isn't President yet.
Yep...but very little bad press for mcawful and clinton over Global Crossing. But they formed a lynch mob for the Enron execs because he donated to Bush.
The Clintons’ 2006 tax return shows that, through a blind trust, the couple acquired an interest of an undisclosed size in a private investment fund known as the Quellos Alpha Engine, based in the Cayman Islands. At the time, the fund was controlled by the Quellos Group of Seattle, one of the world’s largest managers of mutual funds made up of hedge funds. Hollywood mogul Haim Saban is one of the biggest investors in Quellos and is also one of Hillary Clinton’s most prolific fundraisers.
A 2006 investigation into abusive tax shelters by the Senate Permanent Subcommittee on Investigations reported that Quellos used offshore shell companies to engage in fake transactions that generated billions of dollars in capital losses on paper. One series of transactions, the report said, erased more than $2 billion in capital gains that would have been taxed, costing the U.S. Treasury hundreds of millions of dollars in revenue.
Another hedge fund on the Clinton’s 2006 tax return...
Arden Institutional Advisers, a $13 billion hedge funds
Dear Lord.
Hopefully, these bastards got hammered by the credit crisis and finally got what was coming to them.
Stooge
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