Analyst: DoJ, FBI Lock up Trump Allies, Forget About Clinton Foundation's Pay-to-Play Schemes
17:37 GMT 28.07.2021 (Updated: 13:21 GMT 06.08.2022)
© AP Photo / Matt DunhamAs US prosecutors consider filing criminal charges against UK-based HSBC for aiding tax evaders, several major donors to a Clinton-family foundation are revealed to have ties to the bank’s controversial Swiss division.
© AP Photo / Matt Dunham
Although the DoJ and FBI are actively chasing Donald Trump's supporters, they have never demonstrated a similar hardball approach when it came to the Clintons and other establishment politicians, says Wall Street analyst Charles Ortel, who has investigated the Clinton Foundation's alleged fraud for several years.
On 20 July, Thomas J. Barrack, a billionaire businessman and longtime friend to former president Donald Trump, was arrested in Los Angeles being charged with illegal lobbying for the United Arab Emirates (UAE) between April 2016 and April 2018. The indictment also charged Barrack with "obstruction of justice and making multiple false statements during a 20 June 2019 interview with federal law enforcement agents." The businessman pleaded not guilty on 26 July.
Barrack is the second Trump ally to be arrested this month. Previously, the Trump Organisation and CFO Allen Weisselberg were charged with 15 counts relating to an alleged tax fraud scheme on 1 July. Like Barrack, Weisselberg pleaded not guilty.
Anti-Trump Resistance Continues
The recent arrests show that the anti-Trump "resistance" campaign launched in 2015 never ended, according to Charles Ortel, a Wall Street analyst and investigative journalist. The DoJ and FBI were quick to indict and detain many of the former president's loyalists; however, when it came to prominent establishment figures, like the Clintons or their associates, the US justice machine appeared to be completely out of whack, he believes.
"My working theory is that globalists have had an excellent thing going ever since 1989," Ortel says. "Multilateral aid organisations and false-front, 'leaky' charities are not regulated, so they serve as prime conduits to pay off corrupt national government officials, to pad operating budgets of clandestine agencies, to launder dirty money and to subsidise champagne and caviar lifestyles that co-conspirators could never afford from legitimately earned income."
Ortel, who has been investigating the Clinton Foundation's alleged fraud for several years, presumes that Trump and his allies "pose existential threats to globalists who are pulling strings at crooked foundations" as Team Trump may, potentially, return to the helm of the country and strip the establishment of many powers.
'Overspending' $23 Million
The Wall Street analyst referred to an episode involving the Clinton Foundation, which remains largely unnoticed in the media and was reported by Australian investigative journalist Michael Smith in November 2016. In his op-ed, Smith referred to an email sent by Erskine Bowles, an American businessman who served as Bill Clinton's chief of staff, to his former boss on 17 February 2015. The email discusses documents related to the Clinton Health Access Initiative (CHAI) and allegedly "lost" $23 million of restricted grants.
In his letter Bowles writes that Bill Clinton's longtime aide Ira Magaziner does not "acknowledge the role played by [Bill] and the CF [Clinton Foundation] in bringing the CHAI Foundation back from the edge of disaster created by 'CHAI overspending $23 million' ... 'of grant funds from restricted grants to fund other CHAI programmes'… nor does he give any credence to the enormous role [Bill Clinton has] played and continue[s] to play in directly and indirectly raising funds for CHAI."
According to Smith, the "CHAI overspending" rings alarm bells: he wonders how the non-profit and tax-exempt organisation "lost" $23 million of restricted grant money so that it had to be "bailed out." The Australian journalist did not rule out that the aforementioned funds were "misused."
"What controls were in place? How were the controls so ineffective? Where were the auditors?" Smith asked, highlighting that the Australian government sent considerable sums of taxpayer money to the Clintons' charities.
The investigative reporter forwarded his detailed concerns about the Clinton Foundation and CHAI financial management issues to the FBI and to Australian authorities, but, apparently, to no avail at that time.
The Clinton foundation has been mired in controversy since its inception; however, it has never been caught red-handed by the FBI or DOJ, according to Ortel.
First and foremost, "the William J. Clinton Presidential Foundation never legitimately secured authority to expand the scope of its geographic focus beyond a small park in Little Rock, Arkansas – the legal entity was formed solely to house records created or received during the Clinton presidency, and to allow scholars and other visitors to study these Presidential Records," the Wall Street analyst explains.
However, starting in 2001, "Bill Clinton opened one office in New York City that did not register validly with local authorities and embarked upon an expansive mission to fight, in theory, global challenges including HIV/AIDS and 'climate change.'"
"Clinton and political allies including Ira Magaziner incurred millions of dollars in expenses and also raised hundreds of millions in grants, including government grants from Australia and many other nations for which there never has been required accounting," Ortel says. "Moreover, Bill Clinton never held formal legal authority to conduct these activities or to bind the Presidential Foundation to legal commitments, yet he did so again and again. Over time, many hundreds of millions of dollars supposedly donated towards the 'Clinton Foundation' has gone missing, a fact easily gleaned from public records of the Foundation itself and in reports made by many donors."
Lobbyism & Pay-to-Play Schemes
In addition to allegedly cashing in on their charities, the Clintons have also been accused by conservative observers of engaging in "pay-to-play" schemes with foreign lobbyists and government officials while Hillary Clinton served as a senator and secretary of state. It appears that the Clintons concealed these grants for quite a while, the Wall Street analyst says.
"Though required to do so, the Clinton Foundation did not start disclosing details concerning grants it may have received from [foreign] donors until 2008," Ortel notes. "You can see this for yourself in IRS Reports on Form 990 for 1998 through 2007 where no government grant amounts are included, as required, in lines detailing revenues earned in each year."
By 2003, however, Bill Clinton and Ira Magaziner started issuing press releases announcing massive government grants from nations including Ireland, Canada, Norway, Australia and others, according to Ortel.
"By the time Hillary Clinton became a senior cabinet member, overseeing gigantic foreign aid flows, the Clinton Foundation was seriously flouting a raft of disclosure laws, for which, small charities without political connections are severely punished," he notes.
"The goal of many globalists is to run large swaths of the world for their own benefit, immune from prosecution, and free to persecute rivals and opponents," he says. "A core tactic is to erode the integrity and performance of national governments, so that globalist approaches seem preferable in the minds of the public."