Skip to comments.What Happened to $20 Million in Clinton Haiti Fund?
Posted on 11/05/2016 5:18:35 PM PDT by jazusamo
Isabel Vincent reports today in the New York Post that the Clinton Foundation set up a for-profit entity called the Haiti Development Fund that took in $20 million from investors Carlos Slim and Frank Giustra but that it is a mystery what happened to most of the money.
The Fund was supposed to provide capital to Haitian entrepreneurs in the wake of the 2010 earthquake, but the Post could only find evidence of one project that received funding.
The Fund was run by a Jean Marc Villain, who appears to be an American citizen or green card holder of Haitian descent. At the time he supposedly managed the Fund, he was in bankruptcy. He conveniently failed to report his $100,000 salary to the bankruptcy court. From the story:
This cries out for an audit or an investigation, said Ken Boehm, chairman of the National Legal and Policy Center a Virginia-based watchdog group. Its director was in bankruptcy and theres almost nothing in the public record showing what happened to the millions of dollars it supposedly was going to use to help poor Haitians.
Also from the story:
And the Clinton Foundation never disclosed the Fund as a related entity on its tax filings as required by IRS rules. It was only after the Clinton Foundation, under mounting scrutiny and media pressure, voluntarily decided to refile five years worth of tax returns in 2015 that the Fund appears on the forms.
The Post story is sure to reinforce widespread sentiment in Haiti that the Clintons raised a lot of money off Haitis misery but that very little help reached ordinary people. Hillary Clinton was in south Florida today campaigning in the Haitian community. From the Miami Herald :
Haiti has been close to my heart for a very long time, Clinton said. And we really feel a sense of connection to Haiti and all of the challenges that Haiti has faced the continuing terrible consequences of weather, the earthquake in 2010 so I want to be a good partner with the people of Haiti.
Carlos Slim is a Mexican oligarch who at one point was the richest man in the world. Frank Giustra, a five-foot Canadian billionaire nicknamed the Poison Dwarf, is a major donor to the Clinton Foundation. He received approval for the sale of a uranium company to a Russian firm from the State Department while Hillary Clinton was Secretary of State.
The Haitian fund has similarities to another murky entity in Columbia established by the Clinton Foundation purportedly to assist entrepreneurs. Slim and Giustra were investors and questions have been raised about what actually happened to the money. In both cases, the Clinton Foundation failed to file the required disclosures.
Sure Hillary, since 2010 when the Clinton Foundation made millions off the suffering of Haitians from the earthquake.
Money is the only thing close to Hillary’s heart.
20 million can buy a lot of plane trips to pedo-island....
Hillary and Bent Bill are the “March of Dollars”.
Check Granny Pickles’ purse, or any of her off-shore accounts.
It’s all in there.
No. Doubt. At. All.
Well ... Chelsea got a $10M apartment.
The rest they spent frivolously.
The same thing that happens to ALL of he money that the Clinton Foundation collects.
Right on...It’d be a great thing to see all the Clinton’s busted over this.
“Killery gives just under 6% of the collections and keeps almost 96% for overhead. The march of Dimes is ahead of her because the have a 90% overhead.”
Wow, the MoD is even worse that the average ‘charity’. I heard on NPR one day talking about breast cancer and that only 16 cents ib the dollar actually goes toward research - the rest is ‘overhead’ A representative for them got somewhat angry and said that that is right in line with everyone else.
Moral of the story - GIVE DIRECTLY. The only charity that has never been questioned as far as I know is the Salvation Army. Everyone else should be avoided.
It’s more rewarding to help people in a personal manner anyway.
$20 Million is Chump Change compared to the BILLIONS these folks move around and spend without Congress blinking an eye ... It is maybe enough to make one Wonder...
SCREW THAT... I’m trying to compose myself...
How many Billions did Hillary loose or can’t account for over at the State dept... just the number that they admit to loosing or can’t account for ... the amount that they Spent for total BS is 20-30 Times what they lost and all of it is just wasted/pissed away
I want an accounting, I want to know
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.