Clinton Foundation appears to be little more than a money laundering operation

The Clinton Foundation is described as being a charitable organization. Charitable to whom?

According to an Investor’s Business Daily editorial page review of the Clinton Foundation’s 2013 IRS form 990, the “charity” spent 87 percent of its money on salaries, conferences, travel and other overhead. Nearly 30 percent was spent on compensation. The Clintons spent more on travel and conferences than they did on grants.

IBD illustration

The CEO was paid nearly $400,000 and a director was paid nearly $500,000.

Meanwhile, The Wall Street Journal points out the double standard being applied to the Clintons. The paper repeats the facts about how the chairman of a Canadian company donated more than $2 million to the Clinton Foundation while Hillary Clinton was secretary of state and the company was seeking State Department approval of a sale of stock to a Russian company while a Kremlin bank was paying Bill Clinton a $500,000 for a speech in Moscow.

No quid pro quo here. Move along. Nothing to see.

Foreign Corrupt Practices Act, WSJ notes, prohibits gifts that are essentially “a vehicle to conceal payments made to corruptly influence foreign officials.”

Companies have paid millions in fines for relatively small gifts to overseas charities run by people with the power to return the favor. WSJ cites examples.

Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group, is quoted as saying by the New York Post, “It seems like the Clinton Foundation operates as a slush fund for the Clintons.”






Reid pot calls Koch kettle black

In one of his rants on the floor of the Senate in which he accused the Koch brothers of trying to buy the country, Harry Reid also accused them of violating federal law by bribing foreign officials.

“These are the same brothers whose company, according to a Bloomberg investigation, paid bribes and kickbacks to win contracts in Africa, India and the Middle East,” Reid said, calling the brothers “unAmerican.”

The Kochs’ attorney quickly replied that the allegations in the Bloomberg article have been debunked and there have been no charges filed, according to The Hill.

Now, the Washington Examiner reveals that Harry has taken more than half a million dollars over the past four years from companies under investigation for possible violations of the  Foreign Corrupt Practices Act.

Using campaign records and a blog about probes under the Foreign Corrupt Practices Act, the newspaper put together this graphic:

The first figure is the total amount for that company’s associates, the second figure is the amount given by individuals at the company, and the third figure is the amount given by the company PACs.