Clinton Foundation Failed to Disclose $26.4 Million in speaking fees

[amborin]

Washington (CNN) — The Clinton Foundation confirmed Thursday that it received as much as $26.4 million in previously unreported payments from foreign governments and corporations for speeches given by the Clintons.

It's the latest in a string of admissions from the foundation that it didn't always abide by a 2008 ethics agreement to disclose its funding sources publicly. That agreement, penned as Hillary Clinton became secretary of state, is certain to continue the headache that the foundation's work and donors have become for Clinton as she makes another run at the White House.

The Washington Post first reported the news that, since 2002, Bill, Hillary and Chelsea Clinton gave 97 speeches benefiting the foundation, earning anywhere from $10,000 to $1 million dollars in fees.

Former President Clinton was the biggest earner for speeches, giving three that brought in anywhere from $500,000 to $1 million.

Both he and his wife gave a smattering of speeches to foreign companies and other organizations for anywhere from $250,000 to $500,000. Bill Clinton spoke to Thailand's Ministry of Energy, China Real Estate Development Group, Ltd, and Qatar First Investment Bank; Hillary Clinton spoke to Goldman Sachs, Citibank and JP Morgan Chase, among others.

According to foundation officials, the income -- at least $12 million and as much as more than twice that -- was not disclosed publicly because it was considered and tallied for tax purposes as revenue, rather than donations.

In April, the head of a Canadian charity that donates to the foundation acknowledged that it didn't disclose any of the 1,100 largely foreign donors that ultimately contributed $2.35 million to the broader organization through the Canadian group.


That month, foundation acting CEO Maura Pally acknowledged "mistakes" in the organization's tax filings, which she said "mistakenly combined" government grants with other donations.

snip

http://www.cnn.com/2015/05/21/politics/clinton-foundation-speech-income/index.html

[Gomez163]

1. News from a year ago.

[Loudestlib]

16. Wow

So, they have a history of this kind of stuff.

[Gomez163]

18. If you're expecting a response so you can alert

and then get a jury of Bernie people to hide the thread. Its not happening.

[mindwalker_i]

19. Dude, lay off the coffee

at least a little. It's not out to get you.

[TalkingDog]

23. When does corruption go stale?

The new ethic in politics seems to be "move forward" and forget the past. But somehow the people getting screwed by Corporations and the wealthy never get to enjoy the same kind of expiration date.

[Land of Enchantment]

2. Yawn. Another non-news item.. BERNIE, where are those tax returns?!?!?!?!?!?!?!

heh, heh, could not resist...

[AzDar]

3. That sound you hear is the slushy slushing of slush...

[reformist2]

5. It's so grimy, it deserves to be called a sludge fund. This is unacceptable.

[PeoViejo]

4. They must have forgotten which Offshore Account they put it in...

[DanTex]

6. ...

http://www.democraticunderground.com/12511690900

[upaloopa]

7. Unreported as donations but reported as revenue

Being an accountant I get the difference.

Nothing but more Bernie gotcha BS

[Octafish]

8. ''Hillary Clinton spoke to Goldman Sachs, Citibank and JP Morgan Chase, among others.''

This story should have more follow-up.

[Tierra_y_Libertad]

9. To the Clintons, $26.4 Million is chump change.

[randome]

11. To the Clinton Foundation, you mean. And no, it is not chump change.

It's a year-old article about an accounting mismatch. So long as there is a reasonable explanation for something like this, there is no need for anyone to jump immediately into their panic suit and start claiming that the sky is finally, FINALLY, falling on Clinton.
[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]

[nadinbrzezinski]

24. No, no, they are actually not in that kind of club

At least not yet.

[Zira]

10. Kick and Rec.

[AgerolanAmerican]

12. Let's be fair

it's just a rounding error in the overall haul

anybody coulda made that mistake

[azmom]

13. She signed an ethics agreement as SOS and then

did not comply with it. This should disqualify her outright.

[Elmer S. E. Dump]

14. I wish I could just overlook 26.4 million.

[FlatBaroque]

15. They promised to not accept foreign money when she was SOS

I guess she decided to bend that rule a little bit. Nothing illegal though. END CLINTONISM NOW!

[CharlotteVale]

17. Anybody can make a mistake.

<-- just in case

[DebDoo]

20. No worries, Hillary's looking into it

[Vinca]

21. Oh for Pete's sake. A million here, a million there . . . who can keep track?

[anigbrowl]

22. When republishing old articles it's a good idea to put the date in the title

eg "Clinton Foundation Failed to Disclose $26.4 Million in speaking fees (May 2015)". This avoids needless confusion among readers.