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amborin

(16,631 posts)
Sun Apr 3, 2016, 08:25 PM Apr 2016

Clinton Foundation Runs $20 Million Private Equity Firm in Colombia

The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest.



The line between the firm and the Clinton’s nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundation’s Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday.



A charitable foundation running a private equity fund is “not something one hears about commonly” and is “very concerning,” according to Craig Holman, the government affairs lobbyist at the watchdog group Public Citizen.

http://www.zerohedge.com/news/2015-11-19/exposed-%E2%80%93-clinton-foundation-running-20-million-private-equity-firm-colombia

Ken Boehm, chairman of the National Legal and Policy Center, a government watchdog group, said the lack of transparency was a troubling. He said the public has a right to know whether any of Fondo Acceso’s companies received U.S. government support while Hillary Clinton was secretary of state.

The ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia run deep. This is a topic I explored earlier in the year in the post, This is How Hillary Does Business – An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation. Here’s an excerpt:

The details of these financial dealings remain murky, but this much is clear: After millions of dollars were pledged by the oil company to the Clinton Foundation — supplemented by millions more from Giustra himself — Secretary Clinton abruptly changed her position on the controversial U.S.-Colombia trade pact.


Having opposed the deal as a bad one for labor rights back when she was a presidential candidate in 2008, she now promoted it, calling it “strongly in the interests of both Colombia and the United States.” The change of heart by Clinton and other Democratic leaders enabled congressional passage of a Colombia trade deal that experts say delivered big benefits to foreign investors like Giustra.

The details of her family’s entanglements in Colombia echo talk that the Clintons have blurred the lines between their private business and philanthropic interests and those of the nation. And Hillary Clinton’s connections to Pacific Rubiales and Giustra intensify recent questions about whether big donations influenced her decisions as secretary of state.

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Clinton Foundation Runs $20 Million Private Equity Firm in Colombia (Original Post) amborin Apr 2016 OP
This message was self-deleted by its author CompanyFirstSergeant Apr 2016 #1
hell, that's their business model AgerolanAmerican Apr 2016 #2
Is it legal for Bill to get paid by the Foundation like Chelsea does? If so, will rhett o rick Apr 2016 #6
You hit the nail on the head Aerows Apr 2016 #22
+1000 amborin Apr 2016 #25
Wow - wow wow! This is a must read! nc4bo Apr 2016 #3
Come on, it's a good money laundering scam for the Clintons! BillZBubb Apr 2016 #4
Wow, shocker. The Clintons are the hydra. n/t Avalux Apr 2016 #5
So where did this nearly 5 month old "story" come from? politicaljunkie41910 Apr 2016 #7
Perhaps it's as simple as it got missed first go around. There is soooooo much of it nc4bo Apr 2016 #9
This isn't LBN, pj. Plus, facts is facts. JudyM Apr 2016 #11
there is so much scandal, it's hard to keep up with it amborin Apr 2016 #15
Does the age of a particular article make it somehow less legitimate? nt ChisolmTrailDem Apr 2016 #16
More so, in light of recent revelations Kittycat Apr 2016 #26
There's so much excrement on the Clintons it takes a while to shovel through it. PonyUp Apr 2016 #29
much more yet to be revealed amborin Apr 2016 #32
I just read the link. CompanyFirstSergeant Apr 2016 #8
Ya' know...It's the weekend and that normally means... catnhatnh Apr 2016 #10
the grifters are sinking in their own..... amborin Apr 2016 #23
If we actually had an open media Hillary would no longer be running for President. She would be.... yourout Apr 2016 #12
they are on the same team reddread Apr 2016 #21
+10000 amborin Apr 2016 #34
Kick azmom Apr 2016 #13
How can we scrape these monsters off of us? senz Apr 2016 #14
But she told them to "Knock it off!" And Bernie is a socialist. Oh look over there - jillan Apr 2016 #17
Connection to Panama Papers in 3..2..1.. berni_mccoy Apr 2016 #18
Exactly my thought. /nt RiverLover Apr 2016 #20
mine, as well amborin Apr 2016 #31
This is why we are being lectured to by dictators/their reps. n/t Skwmom Apr 2016 #19
Mind boggling felix_numinous Apr 2016 #24
Odd. Usually scum is just on the surface. But this runs rather deep. nt Bonobo Apr 2016 #27
WTF? kristopher Apr 2016 #28
Every "non-profit American based Charity" run in foreign countries should have Administration, Sunlei Apr 2016 #30
Send a competent team of external auditors into the Clinton Foundation BernieforPres2016 Apr 2016 #33
how can this get initiated? amborin Apr 2016 #37
i don't know why this hasnt been done restorefreedom Apr 2016 #40
Without fraud or theft allegations, I don't know who has authority to audit them BernieforPres2016 Apr 2016 #41
More right-wing Hillary bashing from the conservative NLPC. DanTex Apr 2016 #35
kill the messenger amborin Apr 2016 #36
They've learned well from their 'other family' members : The Bushes. AzDar Apr 2016 #38
in clintonworld, its called wednesday. nt restorefreedom Apr 2016 #39
K/R Lone_Wolf Apr 2016 #42
FARC Partners-II? Octafish Apr 2016 #43

Response to amborin (Original post)

 

AgerolanAmerican

(1,000 posts)
2. hell, that's their business model
Sun Apr 3, 2016, 08:30 PM
Apr 2016

the only reason they can do what they do is because they have the exclusive privilege of not being subject to the law

God help us if this woman is made President. We'll all be eating dirt while she becomes a trillionaire.

 

rhett o rick

(55,981 posts)
6. Is it legal for Bill to get paid by the Foundation like Chelsea does? If so, will
Sun Apr 3, 2016, 08:33 PM
Apr 2016

they use the Foundation as a retirement fund, both working for high pay?

nc4bo

(17,651 posts)
3. Wow - wow wow! This is a must read!
Sun Apr 3, 2016, 08:30 PM
Apr 2016

Can't cut and paste parts of the article - there are some really choice paragraphs that are cut and paste worthy!

nc4bo

(17,651 posts)
9. Perhaps it's as simple as it got missed first go around. There is soooooo much of it
Sun Apr 3, 2016, 08:40 PM
Apr 2016

and examples like this with HRC, BJC and TCF. I'm surprised there isn't more that was missed - probably is. More than likely IS.



catnhatnh

(8,976 posts)
10. Ya' know...It's the weekend and that normally means...
Sun Apr 3, 2016, 08:42 PM
Apr 2016

no news. Now we have this, 1000 foreign donations in Canada the Clinton's sign an agreement to disclosed which they did not and also that 2 TB data dump on offshore money with a 50-50 chance some Clinton or crony's name may be found on...in just one fucking weekend??? If you think the Arkansas grifters can keep that boat bailed out til election day you need help!

yourout

(7,534 posts)
12. If we actually had an open media Hillary would no longer be running for President. She would be....
Sun Apr 3, 2016, 08:46 PM
Apr 2016

running from the jailers.

Corrupt does not adequately describe the Clintons.

 

reddread

(6,896 posts)
21. they are on the same team
Mon Apr 4, 2016, 12:28 PM
Apr 2016

what was meant to be prevented by regulations they helped repeal and sidestep.
heavy duty conspiracy of the most heinous sort.
if only there was something funny about it.

 

senz

(11,945 posts)
14. How can we scrape these monsters off of us?
Sun Apr 3, 2016, 09:00 PM
Apr 2016

How can we send them packing?

I don't care if they make themselves rich and live like royalty. I just don't want them polluting the government that is supposed to make life livable for the people who live here.

I want to get the greedy, selfish, power-hungry rich off our backs and out of our lives.

jillan

(39,451 posts)
17. But she told them to "Knock it off!" And Bernie is a socialist. Oh look over there -
Mon Apr 4, 2016, 11:13 AM
Apr 2016

Bernie's taxes!! Where are they??!?

And she has the effing nerve to question people who support Bernie.

felix_numinous

(5,198 posts)
24. Mind boggling
Mon Apr 4, 2016, 08:35 PM
Apr 2016

all this corruption reminds be of the early days at DU deconstructing Bush&Co.

It takes courage to face these truths, and much easier to stay in a bubble of denial. I know HRC supporters would be devastated to realize all this, a lot of good people have been deceived.

Sunlei

(22,651 posts)
30. Every "non-profit American based Charity" run in foreign countries should have Administration,
Tue Apr 5, 2016, 09:48 AM
Apr 2016

funds disbursement/spending *totally separate* from that foreign countries banks.

I also think America should separate from Colombias banks our billions of American Federal Funds USA "spends" on our "War on Drugs"

BernieforPres2016

(3,017 posts)
33. Send a competent team of external auditors into the Clinton Foundation
Sun Apr 10, 2016, 02:23 PM
Apr 2016

and her campaign would be over in 2 weeks.

restorefreedom

(12,655 posts)
40. i don't know why this hasnt been done
Wed Apr 13, 2016, 02:18 PM
Apr 2016

a forensic accountant should be poring over the foundation docs, the emails, and any records from state.

my guess is that the connections will look something like this



BernieforPres2016

(3,017 posts)
41. Without fraud or theft allegations, I don't know who has authority to audit them
Wed Apr 13, 2016, 06:18 PM
Apr 2016

From what I've read, Hillary committed to providing a list of contributors as a condition of taking the Secretary of State job and never followed through.

I think the friend of Chelsea's who was picked to lead the Clinton Foundation and left pretty quickly is a red flag. He was replaced with an old friend of the Clintons, Donna Shalala.

http://www.politico.com/magazine/story/2015/03/clinton-foundation-eric-braverman-115598

Octafish

(55,745 posts)
43. FARC Partners-II?
Thu Apr 14, 2016, 08:35 AM
Apr 2016

When it comes to making money, Columbia is wicked awesome!

Ask Richard Grasso (left, photo below), then-head of the New York Stock Exchange, as he gives a nice warm hug to Raul Reyes, (photo, right) then-living FARC #2.



The Real Deal: The Ultimate New Business Cold Call

NYSE's Richard Grasso and the Ultimate New Business "Cold Call"

Monday, 18 February 2002, 10:13 am
Column: Catherine Austin Fitts

Lest you think that my comment about the New York Stock Exchange is too strong, let's look at one event that occurred before our "war on drugs" went into high gear through Plan Colombia, banging heads over narco dollar market share in Latin America.

In late June 1999, numerous news services, including Associated Press, reported that Richard Grasso, Chairman of the New York Stock Exchange flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the supposed "narco terrorists" with whom we are now at war.

The purpose of the trip was "to bring a message of cooperation from U.S. financial services" and to discuss foreign investment and the future role of U.S. businesses in Colombia.

Some reading in between the lines said to me that Grasso's mission related to the continued circulation of cocaine capital through the US financial system. FARC, the Colombian rebels, were circulating their profits back into local development without the assistance of the American banking and investment system. Worse yet for the outlook for the US stock market's strength from $500 billion - $1 trillion in annual money laundering - FARC was calling for the decriminalization of cocaine.

To understand the threat of decriminalization of the drug trade, just go back to your Sam and Dave estimate and recalculate the numbers given what decriminalization does to drive BIG PERCENT back to SLIM PERCENT and what that means to Wall Street and Washington's cash flows. No narco dollars, no reinvestment into the stock markets, no campaign contributions.

It was only a few days after Grasso's trip that BBC News reported a General Accounting Office (GAO) report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50 percent as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"

CONTINUED...

http://www.scoop.co.nz/stories/HL0202/S00069.htm

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