Posted on 06/18/2015 1:46:14 PM PDT by COUNTrecount
A respected Wall Street analyst who has been investigating the Clinton Foundation’s finances alleges the “Big Four” accounting firm PricewaterhouseCoopers was a willing participant in a scheme by the Clintons and their associates to become personally enriched by the foundation, a crime known as inurement.
Charles Ortel, a frequent guest on Bloomberg television and a contributor to the Washington Times and others, says in a draft report that he found “the PWC accounting work product for 2013 is riddled with uncorrected errors and falsehoods” as well as procedural defects so severe he has raised the possibility “the Clinton Foundation might be PWC’s Enron.”
His reference is to the fall of Arthur Andersen LLP, previously one of the “Big Five” accounting firms. Andersen surrendered its license to practice as a certified public accounting firm after being found guilty of criminal charges in its auditing of Enron, the Texas-based energy company that filed for bankruptcy in 2001.
PricewaterhouseCoopers has not replied to numerous requests from WND, by email and by telephone, to comment. Ortel also asked PWC a number of questions based on his investigation and has received no reply.
WND has previously reported in a series of stories, beginning in April, that Ortel has found “irregularities” of a “sufficient magnitude” that the Clinton Foundation should be shut down.
He says 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.”
Arthur Andersen’s “descent from conscience of the accounting industry to accused felon didn’t happen overnight,” Wall Street Journal staff reporters Ken Brown and Ianthe Jean Dugan wrote in 2002. “Rather, it stemmed from a series of management miscues and compromises over the decades.”
(Excerpt) Read more at wnd.com ...
Wonder how much bribe money the Clinton’s will pay to prevent the organization from going into receivership.
I know people’s eyes may glaze over with the details, and that the liberals in the media will want to gloss over this.
But there are some serious financial irregularities being looked at here. There are some actual criminal activities involving the money which may have been committed. There are some actual criminal statutes involving auditors and CPA firms which may well have been violated.
It’s not unthinkable that someone could go to prison over these activities.
The drip drip drip from the Clintons activities continues. This is just the latest revelation.
GAAP never survive cronyism.
What does it matter, the elites have determined the Clinton monarchy is untouchable.
Getting involved with the Clintons is an excellent way to begin the drip, drip, drip of eventual criminal charges.
Like i’ve said, the die hard fans will vote her if she stood on a bridge and dropped a crate of kittens into the ocean. But it IS affecting the moderate idiots opinions of her. And we have a REAL chance at winning this.
But if jeb gets it, then I sign off and go to bed for five years, like i said.
... shutting down the Clinton Foundation and placing the organization in receivership ...
Except truth, justice, and the American way is no longer operable. For democrats.
The whole “charity” was nothing but a way for people to buy influence from the Clintons without having to pay gift taxes and to allow them to take a charitable deduction on their taxes. The Clintons have confirmed this by their niggardly, less than 10% actual charitable work.
As someone who has been on the inside, I have seen how things are run.
This wouldn’t surprise me one bit and neither did Enron/AA.
The Washington Post is looking into the Clinton Foundation... this might get really interesting...
Should not take much....just look at the people and salaries of those working for the foundation and the fact they also work for the clinton reelection teams. Family involvement like that dope chelsie making 500K for what, being able to spell her name??
The grand Tabulators at risk.. Becus of clintoon connexions?
Oh da irony.. Count this.
BodyCount by Clinton.
It’s way over 100.
When a senior manager wouldn’t cooperate, Enron called the Chicago office and had him replaced with someone who would.
The ClinTongs are sucking us all down in a maelstrom of corruption and chaos to no end.
Meanwhile the termites in CONGRE$$ are eating away at our very existence as a free people.
NewsFlash: MSLSDNBC WElcomes Brian Williams to his new role as Breaking News reader.
Drip drip drip. From what I remember, it takes about nine days.
Yes. Sometimes it seems that companies are rated higher than they should be ... Wasn’t Dun & Bradstreet doing that years ago?
I don’t remember much about that. I DO remember when Enron happened and I heard the details. No shockers at all.
Even when I was there, we were reading about the Phar-Mor scam. As I recall, the CFO and one of the senior auditors cooked up a scheme to falsify $80 million dollars of inventory that didn’t exist.
That’s only going to work for a very short time. And it did and it also nailed them.
These numbers are different than what was published in the newsletter I read 20 years ago.
BUT interesting that it involves sports - just like Enron’s scam that had them replace the auditor by calling Chicago.
Chicago.
https://en.wikipedia.org/wiki/Phar-Mor
Total losses estimated at $1 billion dollars.
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