Posted on 11/20/2016 5:24:31 AM PST by FourtySeven
...
Despite scoring relatively high in accountability and transparency by nonprofit watchdogs, the foundation nonetheless became a flash-point in the 2016 election. It was dogged by accusations of influence peddling and conflicts of interests due in large part to hefty contributions from foreign governments and other influential donors. Since the organization's inception, tens of millions from big donors have flowed to the organization, according to the Foundation's public database.
As emails disclosed by WikiLeaks laid bare internal concerns about how the Clinton Foundation's funding might impact the former Secretary of State's run for the Oval Office, former President Bill Clinton announced in August that the nonprofit would reject corporate and foreign donations if Hillary Clinton prevailed in her campaign.
Yet as the country prepares to inaugurate President-elect Donald Trump, the point may be moot at best, philanthropy experts told CNBC recently. That is because neither Clinton will occupy a prominent role in government in the immediate future—curtailing the willingness of at least some big donors to try and curry favor with the foundation by writing large checks. Because Hillary Clinton is no longer seen as a president in waiting, contributors may look elsewhere and the foundation may have to rethink its scope and priorities, these experts say.
"I would expect there will be much greater difficulties in fundraising for the organization," Leslie Lenkowsky, a professor with Lilly Family School of Philanthropy at Indiana University, told CNBC in an interview. Hillary Clinton "technically has no political prospects ahead of her. They're both important people, but dealing with a past president and future president were attractive to a number of donors," Lenkowsky said. Some of the largest checks came from a range of influential donors like the governments of Norway, Australia and Kuwait.
(Excerpt) Read more at msn.com ...
Yeah who did this audit?
Emily’s List?
Ask the Haitians about Clinton fund accountability
Ask Chelsea’s wedding vendors ( if they ever got paid)
I’m interested in what will happen to Huma.
She has lost her position as confidant to the potential/ actual First Lady.
Her usefulness to the Saudis and /or other M.E.States could very well be a thing of the past.
I wouldn’t be surprised to see Huma and Hillary part company.
Or, to paraphrase a Limbaugh description, "...two people in an office with fax machine paid for by Soros".
Check before you give: http://seriousgivers.org/charitycheck101/?gclid=CjwKEAiAsMXBBRD71KWOh6fcjRwSJAC5CNE1Mt-vo6YM3z2lO7XXyelEbAJ19MeKdlQ1_OsAKJi7XRoCrz3w_wcB
You’d be surprised that highly touted orgs are top heavy admin pay vs what is given to the receiver. We just had a Wounded Warrior scandal a few months back. And we all Know Red Cross and Komen are bad.
I wonder if Bill’s fake university will end up like Trump Univerdity.
BACKSTORY When he went to jail, investigators found Ponzi King Bernie Madoff
had stashed billions offshore-----into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
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WIKI.COM NAILS THE MADOFF OPERATION (emphasis added) Stanley Chais, a "philanthropist" who invested heavily with Mr. Madoff, and Carl J. Shapiro, one of the money manager's oldest friends, are among at least eight Madoff investors and associates being scrutinized by the U.S. attorney's office in Manhattan. Prosecutors are continuing to probe Madoff family members and employees.
Others include: Frank Avellino, a Florida accountant who ran an investment fund that invested client money; Noel Levine, a real-estate investor who works out of a two-room office on the 17th floor, next door to Madoff's fraudulent investment operation, and Palm Beach investor Robert Jaffe, a son-in-law of Mr. Shapiro who referred potential investors to Madoff.
Entity called Madoff Securities International Ltd.----In 2008, about $1 billion was transferred between Madoff’s U.S. firm and Madoff Securities International Ltd. in London. On March 24, 2009 Judge Louis L. Stanton granted power of attorney to Irving Picard, trustee, over Madoff's controlling stake in London.
Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office.
He allegedly sent more than $250 million beginning as early as 2002, from his New York-based firm, Bernard L. Madoff Investment Securities LLC, to the U.K. office and then back to accounts in the U.S.
In 2000, Madoff began to add staff and expand the operation, and loaned the business $62.5 million. He had a staff of 25, including traders, managers and support. Instructions to staff was that they communicate with Madoff Securities through personal e-mail accounts, not through company e-mail.
There were nine directors. Family members with shares included Mark and Andrew Madoff, Peter Madoff, and Bernard himself. Ruth Madoff, Bernard Madoff's wife, also held shares. [8] Non-family members with shares included Maurice J. "Sonny" Cohn. Madoff and Cohn were shareholders in Cohmad Securities, which steered investors to Mr. Madoff's advisory business.
In 1987, Mr. Cohn had shares of Madoff Holdings Ltd., a predecessor to the current London firm. In 1998, Mr. Cohn held 35,624 non-voting shares, some of which he transferred to "BL Madoff" in 1998, and the rest that he "disposed of" in 2004.
Paul Konigsberg, a New York City accountant and a longtime friend for more than 25 years, prepared two Madoff Family Foundation tax returns, and received the non- voting shares, valued at $35,000. He did work for the London office when it was first opened. [8]
A general ledger of Madoff accounts listed Konigsberg, of the reputable accounting firm of Konigsberg, Wolf & Co., as receiving $30,000 a month to advise the MSIL operations, and funnel client checks to the London office for Madoff's own use.[9]
Clients were often directed to Mr. Konigsberg by Mr. Madoff and his family. Mr. Konigsberg prepared the tax returns of foundations of six other families, many of which have lost millions, even hundreds of millions, of dollars. He also represented scores of individual Madoff investors.
Mr. Konigsberg's firm has received a civil subpoena from the SEC. His Madoff-related clients included Carl and Ruth Shapiro, Boston philanthropists whose foundation lost $145 million, and whose son-in-law, Robert M. Jaffe, under investigation, is a Madoff business partner.[9][10]
Konigsberg held Madoff accounts under his name including two in the name of the Westlake Foundation. Paul J. and Judith Konigsberg are officers and directors of the foundation. He owns homes in his wife, Judith's name in Greenwich, Connecticut and Palm Beach Gardens, Florida.[11]
On April 20, 2009, Steven Leber filed a $4 million lawsuit against Konigsberg and his accounting firm for negligence, and breach of fiduciary duty.[12] Konigsberg answered the charges with affirmative defenses.[13]
Evidence is being gathered by investigators on a U.S.-U.K. task force that Konigsberg and Levy, a real-estate mogul and philanthropist are believed to be involved in an international transfer of money. Levy is believed to have helped Paul Konigsberg funnel checks to London. And investigators in New York say there were billions of dollars worth of checks going back and forth between Madoff and Levy.
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One Levy entity---a "do-good tax-exempt foundation" "says" it "lost" $224 million "investing" with Madoff. Supposedly the foundation helped the "less fortunate," especially ex-convicts. NOTE "losing investment money" is a tax-write-off.
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Looks like Madoff helped himself to his "investors'" money. The suckers
thought Madoff was just doing them a favor---money-laundering, and tax evasion.
Right Bill?
The gallows at Ft. Leavenworth will be good enough.
They now have nothing to sell except their grandchildren.
The Clinton Foundation was modeled after the Family Foundation in Godfather III.
It was a crime organization begging for a RICO investigation.
This article is blowing as much smoke as possible—either the author is insanely stupid or totally corrupt.
Well—both could be true simultaneously.
Oh, I think Huma will divorce Carlos Danger. He no longer brings anything to the table. She married him thinking would be NYC mayor and when that went south he became useless.
That’s where I quit this article too.
Double edged. One side for hillary and one side for bill :)
Forge another one for Huma and Weiner.
____________________________________________________________________________
Hey, you left out Web Hubbell’s kid.
It should be a freaking light saber and burn through everything and everyone it touched.
Unless President-elect appoints her as UN ambassador [which will never happen], she is going to have to figure out how to handle all of those I.O.U.’s-for-access.
‘Concerns’ did not just donate all of those $millions for the Clintons’ to play around with. They will expect something worth those $million in return or the return of those $millions.
BJ is probably already out of the country and HC is likely packing up her ‘important’ stuff. Poor Chelsea may be left holding the bag as the cronies hint at giving her a run for a politican office.
Hillary insisted that the foundation would not be dissolved if she won, because without it, bribes she received would look unmistakably like bribes. She needed the foundation to continue to launder huge amounts of money. No one will contribute now that the access she was selling has dried up.
If the charity was about charity not access wouldn’t it be the same regardless?
If there is any decrease in donations that is prima facia evidence that it was about access to people in power.
I would say it was less proper to receive foreign donations while a sitting Secretary of State than as a citizen candidate. Not saying the latter is right, but sheesh, there is direct evidence of an actual quid pro quo in the leaked emails.
HAHAHAHAHAHAHAHAHAHAHAHAHAHA!
Even if Hillary had won, she’d have to direct those bribes to a different legal entity; I suspect many criminals realized they themselves are open to prosecutions for paying the bribes.
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