Sarah Westwood:
After more than a year of research, a Wall Street analyst is arguing the Clinton Foundation’s books are riddled with financial inconsistencies that rise to the level of “fraud.”
Charles Ortel, who gained recognition for correctly identifying problems with General Electric’s financial statements in 2008, has prepared 40 reports highlighting discrepancies that he said proves the Clinton Foundation has covered up cash flow since 1997.
The financial whistleblower said his 15 months of research revealed gaps in the amount of money donors claim to have given and the amount of money the foundation claims to have received.
The Clinton Foundation network is actually comprised of several different charities that all perform seemingly similar functions. Those include the Clinton Health Access Initiative, the Clinton Global Initiative, the Clinton Climate Initiative and several more, all with varying degrees of overlapping finances.
Ortel said the foundations’ complex paper trails are littered with mistakes and repeat filings.
In November, the Clinton Health Access Initiative was forced to refile its tax returns after a review revealed big-ticket foreign donations that had been left off its Form 990 filing.
The Bill, Hillary and Chelsea Clinton Foundation has been removedfrom the website of a prominent nonprofit watchdog, Charity Navigator, because its “atypical business model can not be accurately captured” by methods used to size up traditional charities.
The pattern extends to smaller charities linked to the Clintons, Ortel noted. One organization founded by former President Bill Clinton, the American India Foundation, has problems that stretch around the country.
For example, the American India Foundation’s nonprofit status was revoked in Illinois in 2002, according to state records. This year, the charity was listed as “not in good standing.”
In Massachusetts, the foundation had its nonprofit status revoked in June 2014 and was not reinstated until March 22 of this year.
In March 2015, the charity held a gala in an Atlanta hotel, according to an event promotion.
But the American India Foundation was not then registered to solicit funds in the state of Georgia, correspondences shared with theWashington Examiner suggest. In fact, the only charity in the Clinton orbit that was registered in the Peach State as of October was the Bill, Hillary and Chelsea Clinton Foundation — even though the Clinton Global Initiative plans to hold its glitzy annual conference in Atlanta next month.
An official with the Georgia secretary of state’s office said the state government did not have an open investigation into potentially unregistered arms of the Clinton Foundation, although emails shared with the Examiner indicate inquiries about the charities were routed to a securities enforcement attorney in November of last year.
Sandra Miniutti of Charity Navigator said the patchwork of nonprofit regulations across different states can sometimes trip up well-meaning charities.
But, look over there!!! Trump hasn’t released his taxes!! Pay no attention to the people pointing the fingers while covering up corruption!!