HILLARY TOO CROOK N DANGEROUS TO BE LEFT UNLOCK P1
CLAN CLINTON the worse on corruption and frauds in the US
Part 1-
How Clinton Charity's Trustees, Donors May Find Themselves in Heap of Trouble https://sputniknews.com/politics/201706201054813472-clinton-foundation-donors-legal-trouble/
Those
who found themselves involved in the Clintons' charity network may find
themselves in a whole heap of legal trouble, Wall Street analyst Charles Ortel
warns, adding that the good news is that foreign governments which poured
millions of dollars in the Clinton Foundation could recover their funds.
The charity may turn out to be the "largest unprosecuted fraud ever."
In his previous interviews with Sputnik, Ortel
explained that judging from documents released in the public domain,
the Clinton Foundation and its numerous entities neither
were properly organized nor operated lawfully over the
past two decades. He also shed light on the
Clinton's "pay-to-play" scheme and revealed how the
charity cashed in on HIV/AIDS sufferers.
For her
part, Dr. Dady Chery, a Haitian-born journalist and News Junkie Post Co-Editor
in Chief, unveiled the details of the Clinton Foundation earthquake
recovery effort in Haiti back in 2010.
Speaking to Sputnik, the journalist, who authored "We Have Dared to Be Free: Haiti's Struggle Against
Occupation," underscored that it still remains shrouded
in secrecy how exactly the Clintons spent the funds collected
for Haiti's reconstruction.
The crux of the matter
is that the US laws related to charitable nonprofits which enjoy
tax-exempt status are incredibly strict, especially when it comes to
"private benefits."
Alas, the aforementioned cases
and numerous discrepancies in the Clinton Foundation's financial
statements prompt suspicions of apparent corruption and immense private
gains.
But that's half the story, the
Wall Street analyst noted.
"It is not simply
Hillary Clinton who deserves to be fully investigated and then, in my
opinion, prosecuted: all trustees, many executives, and numerous donors deserve
attention from the IRS, from state tax agencies, and from the
Attorney General," he said.
Incredible as it may
seem, the Clinton Foundations' trustees and donors appeared to not bother
at all about the charity's fund management over all these years:
they have obviously failed to raise the alarm over the suspicious
financial records of the organization.
"Here, I would focus on the duties of trustees and
directors — generally there is a duty of care to ensure that you
are fully conversant with the affairs of a charity, there is a duty
of obedience to all applicable state, federal, and foreign laws, and
there is a duty of loyalty to put the interests of the charity
ahead of personal interests," Ortel stressed.
Meanwhile, "numerous 'private foundations' seem
to have potentially made illegal 'taxable
expenditures' when they donated to the Clinton Foundation and its
various affiliates, as these were neither lawfully organized nor lawfully
operated," the Wall Street analyst underscored, stressing that this
apparent negligence entails legal responsibilities.
"Under our system,
private citizens have a right (some might even argue a duty) to argue that
government authorities discharge their proper roles and go after these
private foundations to recoup the taxable expenditures. One of the
entities that seem to have an indefensible record is the Bill and Melinda
Gates Foundation, but there are many other large private foundations that
seem to me to have substantial exposure," he pointed out.
Furthermore, Ortel drew attention to the fact that
"several foreign governments have sent massive sums to the Clinton
Foundation that seem to have been diverted from validly authorized
tax-exempt purposes."
If the fraud is proven, all
of the Clinton Foundation's private and government donors —
as well as trustees and operatives — will find themselves
in a whole heap of trouble because they will face major penalties
for having given money to the charity that wasn't properly organized
and operated.
However, there is also good news, Ortel says.
"Under US laws, the
Clinton Foundation is required to make specific disclosures concerning any
grants it received from governments, especially including foreign
governments," Ortel told Sputnik, "Even now, after so much
adverse publicity, and following multiple flawed restatements
of public filings with the IRS and with states, Clinton
charities still have not made required disclosures particularly concerning
grants received from foreign governments."
"This is surprising since numerous press releases available
in the public domain suggest that nations including Australia, France,
Ireland, New Zealand, Norway, South Korea, Sweden, the United Kingdom believe
that they did send (all together) hundreds of millions to the
Clintons, ostensibly to support a charity," he
noted.
"Why are these governments content with Clinton public
filings that still do not credit foreign donors, in required specific
terms, for their generosity? If foreign governments are content
with these flawed Clinton Foundation disclosures, why are their
citizens?" the Wall Street analyst asks.
In all this, there is good news for foreign governments
that may wish to recover grants made to Clinton charities, the
analyst told Sputnik.
"It seems possible that
certain foreign governments may be able to recover funds by suing
private foundations that should have been able to see apparent frauds
at charities operated by the Clinton family and their associates, yet
nevertheless supported these fraudulent activities, in some cases,
for years and in substantial amounts," Ortel
said.
"US laws require private foundations, many of which still
have substantial liquidity, to donate sums only to validly organized
and operated charities, and only for specifically authorized
purposes," he added.
Why can't foreign governments sue the Clinton's entities
directly?
"In brief, foreign
governments can (and should) sue Clinton charities and their trustees,
but these entities ultimately will have little money left once US Federal
and state governments turn and do their jobs," Ortel
responded.
"On the other hand, large donors like the Gates
Foundation (there are many others) have massive sums and would likely,
after resisting at first, would be moved to cooperate and
to settle, especially those that operate abroad and are, in theory, pinnacles
of virtue," he stressed.
"Truly deplorable what
the Clintons have done, with aid of so many who sought to milk
an HRC [Hillary Rodham Clinton] reign," Ortel concluded.
....
Source:
----
----
No hay comentarios:
Publicar un comentario