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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHRC: Foundation for world Charities. DT: Casinos. Who's the suspect candidate?
Only in america can an international foundation for world charities be more suspect that a failed real-estate/casino mogul.
EVEN IF a couple of the big donors got to meet the clintons, you've got no proof anything unethical came of it.
But we know all about fRump's unpaid bills, failed developments, crashed casinos. Everything he's done was to line his own pockets.
So, how does this become "They're both corrupt."
From http://www.factcheck.org/
Considering all of the organizations affiliated with the Clinton Foundation, he said, CharityWatch concluded about 89 percent of its budget is spent on programs. Thats the amount it spent on charity in 2013, he said.
We looked at the consolidated financial statements (see page 4) and calculated that in 2013, 88.3 percent of spending was designated as going toward program services $196.6 million out of $222.6 million in reported expenses.
We cant vouch for the effectiveness of the programming expenses listed in the report, but it is clear that the claim that the Clinton Foundation only steers 6 percent of its donations to charity is wrong, and amounts to a misunderstanding of how public charities work.
Robert Farley
________________________________________________________________________________
They've donated almost $200 million/year in the most desperate places on earth. Right. Doesn't sound evil to me. Sorry.
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HRC: Foundation for world Charities. DT: Casinos. Who's the suspect candidate? (Original Post)
lindysalsagal
Aug 2016
OP
csziggy
(34,136 posts)1. HRC and the Clinton Foundation have never paid a $10,000,000 penalty!
While the Trump Taj Mahal has:
A DU post gave a link to court papers where Trump paid a massive penalty for illegal money transfers:
The Orange Sludge: Ripping people off and illegal money laundering
The court papers:
The Orange Sludge: Ripping people off and illegal money laundering
The court papers:
UNITED STATES OF AMERICA DEPARTMENT OF THE TREASURY FINANCIAL CRIMES ENFORCEMENT NETWORK
IN THE MATTER OF: Number 2015-02
Trump Taj Mahal Associates, LLC, d/b/a Trump Taj Mahal Casino Resort
Atlantic City, New Jersey
<SNIP>
II. DETERMINATIONS
Trump Taj Mahal willfully violated the BSAs program, reporting, and recordkeeping requirements from 2010 through 2012. Importantly, many of these violations were previously cited by IRS SB/SE in previous examinations of Trump Taj Mahal since 2003. As described below, Trump Taj Mahal (a) failed to implement and maintain an effective anti-money laundering program; (b) failed to report suspicious activity related to several financial transactions at the casino; (c) failed
to properly file Currency Transaction Reports; and (d) failed to keep appropriate records as required by the BSA and its implementing regulations.
<SNIP>
III.
CIVIL MONEY PENALTY
FinCEN has determined that Trump Taj Mahal willfully violated the program, reporting, and
recordkeeping requirements of the Bank Secrecy Act and its implementing regulations, as described in the CONSENT, and that grounds exist to assess a civil money penalty for these violations. U.S.C. § 5321 and 31 C.F.R. § 1010.820.
FinCEN has determined that the penalty in this matter will be $10,000,000.
https://www.fincen.gov/news_room/ea/files/20150302%20Assessment%20of%20Civil%20Money%20Penalty%20Trump%20Taj%20Mahal%20(post-approval%20by%20bankruptcy%20court).pdf
IN THE MATTER OF: Number 2015-02
Trump Taj Mahal Associates, LLC, d/b/a Trump Taj Mahal Casino Resort
Atlantic City, New Jersey
<SNIP>
II. DETERMINATIONS
Trump Taj Mahal willfully violated the BSAs program, reporting, and recordkeeping requirements from 2010 through 2012. Importantly, many of these violations were previously cited by IRS SB/SE in previous examinations of Trump Taj Mahal since 2003. As described below, Trump Taj Mahal (a) failed to implement and maintain an effective anti-money laundering program; (b) failed to report suspicious activity related to several financial transactions at the casino; (c) failed
to properly file Currency Transaction Reports; and (d) failed to keep appropriate records as required by the BSA and its implementing regulations.
<SNIP>
III.
CIVIL MONEY PENALTY
FinCEN has determined that Trump Taj Mahal willfully violated the program, reporting, and
recordkeeping requirements of the Bank Secrecy Act and its implementing regulations, as described in the CONSENT, and that grounds exist to assess a civil money penalty for these violations. U.S.C. § 5321 and 31 C.F.R. § 1010.820.
FinCEN has determined that the penalty in this matter will be $10,000,000.
https://www.fincen.gov/news_room/ea/files/20150302%20Assessment%20of%20Civil%20Money%20Penalty%20Trump%20Taj%20Mahal%20(post-approval%20by%20bankruptcy%20court).pdf