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Australia ceases multimillion-dollar donations to controversial Clinton family charities
News.com.au ^

Posted on 11/29/2016 5:30:01 AM PST by hotsteppa

AUSTRALIA has finally ceased pouring millions of dollars into accounts linked to Hillary Clinton’s charities.

Which might make you wonder: Why were we donating to them in the first place?

The federal government confirmed to news.com.au it has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million.

(Excerpt) Read more at news.com.au ...


TOPICS: Crime/Corruption; Politics/Elections
KEYWORDS: australia; buyingaccess; cfaustralia; cfdonations; clintoncrimefamily; clintoncronyism; clintonfoundation; clintonscandals; cultureofcorruption; payforplay; payola
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To: Iron Munro

:-)


21 posted on 11/29/2016 5:57:53 AM PST by knittnmom
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To: hotsteppa

Spent like it was other people’s money. Oh, it was and is. This kind of stuff in elitist politics hopefully has seen its heyday.


22 posted on 11/29/2016 5:58:53 AM PST by Religion and Politics (It's Morning in America)
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To: all the best; Oratam
Australia effectively ending 10 years of 88 million taxpayer-funded contributions to the Clinton Foundation......I find it so strange that a government would support some foreign “charity,” or any charity, for that matter.

The Australian newspaper the "Herald Sun" ran an October article entitled, “Why have we donated to Clinton’s foundation?” The paper noted "Former Prime Minister Gillard donated $300 million of our money to the Clinton-affiliated Global Partnership for Education.”

That's one humongous amt of Australian govt money that fell into the hands of the conniving Clintons.

The Herald Sun needs to dig deeper---to determine if any of that money took a circuitous route then landed back into the personal coffers of the donors. Could have happened like this:

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.

========================================================

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.

========================================

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.

====================================================

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?

23 posted on 11/29/2016 6:05:55 AM PST by Liz
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To: hotsteppa
Here's one that works.
24 posted on 11/29/2016 6:08:39 AM PST by Oatka (Beware of an old man in a profession where men usually die young.)
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To: Iron Munro
Hopefully the Clintons will soon come to rue the day Hillary drew attention to the Clinton Family scams with her decision to run for president.

It was precisely the fact that Hillary was eventually going to run for president that motivated the contributions and payment for speeches. The scams depended on Hillary, thevwifecif former president Bill Clinton, running for president.

25 posted on 11/29/2016 6:13:49 AM PST by Paleo Conservative (Just because you're paranoid doesn't mean they're not really out to get you.)
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To: all the best

Bribery is not Charity


26 posted on 11/29/2016 6:14:54 AM PST by ptsal
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To: All
Trump admin to pressure foreign states to probe Clinton Foundation (targeting Haiti and Columbia)

Foreign governments began turning off money spigots to the scandal-scarred Clinton Foundation; it received millions from dozens of foreign governments including Saudi Arabia, Kuwait, the Netherlands, Canada, Sweden and Ireland.

TO DATE:

<><> French federal comptrollers began following a trail of tens of millions in government money that ended up in Clinton Foundation coffers, according to a document reviewed by The NY Post.

<><> The Australian government announced that it would end its decade-long affiliation with the Clinton Foundation — amounting to as much as $25 million, according to the foundation’s Web site. (an Aussie paper reported three hundred million sent to the Clintons).

<><> Norway is also scaling back; donations reached $25 million in 2015.

A source close to Pres-elect Trump's transition team indicated plans to pressure its yet unnamed US ambassadors to suggest foreign governments probe its ­Clinton Foundation financial dealings. “Haiti and Colombia will be key diplomatic posts because of all the money ­involved,” said the source.

Recently leaked ­e-mails indicate “Friends of Bill” Clinton may have been given priority from the State Department as it prepared to spend some $10 billion in aid after a 2010 devastating earthquake in Haiti. The State Dept denied any special treatment.

Canadian mining magnate Frank Giustra (he facilitated the sale of US uranium deposits), pledged $100 million to the Clinton Foundation in 2005 and later benefited from the foundation’s philanthropic work in Columbia where Giustra acquired large parcels of land and set up an oil business, ­according to watchdog groups. (hat tip NY POST)

27 posted on 11/29/2016 6:15:38 AM PST by Liz
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To: hotsteppa

Who approved the $88 million ?


28 posted on 11/29/2016 6:45:44 AM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: hotsteppa

Why pay if there’s nothing left to play?


29 posted on 11/29/2016 6:45:49 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: hotsteppa
 photo Mike-Myers-in-Austin-Powers-International-Man-of-Mystery_zpsfqvevjsh.jpg

SO FAR, the Clinton Crime Family is still funded.

30 posted on 11/29/2016 6:54:59 AM PST by RetSignman
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To: hotsteppa; All

Wow. 88 million to the Clinton Foundation!

For what!

That is $3.50 for every man, woman, and child in Australia.

Simply insane!


31 posted on 11/29/2016 7:05:05 AM PST by marktwain
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To: hotsteppa

Her fundraising is drying up now that she can’t trade her office and potential power for money.


32 posted on 11/29/2016 7:09:25 AM PST by 1Old Pro
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To: originalbuckeye

Chelsea had better get her butt in gear and run for SOMETHING!””

Chelsea can run for the border-—perhaps resettle in Romania of Hungary or something.


33 posted on 11/29/2016 7:18:31 AM PST by ridesthemiles
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To: originalbuckeye

Chelsea had better get her butt in gear and run for SOMETHING!””

Chelsea can run for the border-—perhaps resettle in Romania or Hungary or something.


34 posted on 11/29/2016 7:18:55 AM PST by ridesthemiles
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To: all the best

You might want to look at Germany....it came out via The Welt that German Environmental Agency gave 5-million dollars to the Clinton Foundation in the quarter prior to the election. Hasn’t been reported on state-run news in Germany and I doubt if Merkel realized what they’d given the money for.


35 posted on 11/29/2016 7:27:26 AM PST by pepsionice
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To: knittnmom

This is America. If we use a word long enough in a certain context, the word changes meanings. “Gay” used to mean “happy” and was a good word. Now, “gay” means a reprobate, vile, disease ridden lifestyle.


36 posted on 11/29/2016 8:05:47 AM PST by LouAvul (The most High ruleth in the kingdom of men, and giveth it to whomsoever he will.)
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To: Paleo Conservative

Hillary and Bill planted the seeds of their own destruction in their pay-For-Play scam.

But Trump was/is the only one with the backbone to call them out on it.


37 posted on 11/29/2016 9:52:06 AM PST by Iron Munro (If Illegals voted Rebublican 50 Million Democrats Would Be Screaming "Build The Wall!")
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