2016 Postmortem
Related: About this forumHillary's Latin America: Clinton Foundation Runs $20 Million Private Equity Firm in Colombia
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 Clintons nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundations 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 Accesos 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. Heres 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 familys 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 Clintons connections to Pacific Rubiales and Giustra intensify recent questions about whether big donations influenced her decisions as secretary of state.
840high
(17,196 posts)Raster
(20,998 posts)snagglepuss
(12,704 posts)mentally deranged. Both will, sooner than later, be in their dirt beds. Looks like they are going to be adding to misery of the powerless worldwide till their last breath all the while hypocritically spouting off how concerned they are about the world's poor and oppressed. They are pathetic.
nc4bo
(17,651 posts)QC
(26,371 posts)nc4bo
(17,651 posts)WhiteTara
(29,706 posts)Zero Hedge is a batshit insane Austrian school finance blog run by a pseudonymous founder who posts articles under the name "Tyler Durden," after the character from Fight Club.[wp] It has accurately predicted 200 of the last 2 recessions
snip
The law firm behind the suit describes Zero Hedge as "a portal for people to anonymously distribute derogatory information concerning public companies," giving the impression that Zero Hedge may well have arranged many such pay-to-defame schemes.
840high
(17,196 posts)has the story, too as well as other sites.
amborin
(16,631 posts)amborin
(16,631 posts)Baitball Blogger
(46,703 posts)...since the nineties.
trudyco
(1,258 posts)Is it the Columbian law? US law? Laws involving the SOS office? Non-profit laws?