‘Judgement Day’ Nears: Analyst on Why Clinton May Finally End Up Behind Bars

Thursday, November 15, 2018
By Paul Martin

Ekaterina Blinova

While the rumours about Hillary Clinton’s potential third presidential run continue to circulate in the media, the conservative camp is seemingly determined to “lock her up.” Speaking to Sputnik, Wall Street analyst Charles Ortel explains why “judgement day” for the Clinton Foundation is near.

It appears that US conservatives are not going to let former Democratic presidential nominee Hillary Clinton go. Controversy is still simmering around the Clinton Foundation and Hillary Clinton’s email scandal. Charles Ortel, a Wall Street analyst and investigative journalist who has been conducting a private investigation into the Clintons’ charity, calls the Clinton Foundation the biggest charity fraud ever.

The analyst emphasizes the importance of November 15 as a date for the Clintons, suggesting that the truth about their charity may soon emerge.

For his part, Tom Fitton of Judicial Watch tweeted November 15 that the Federal Court ruled that Hillary Clinton will have to answer the watchdog’s further questions concerning her Clinton.com, non-state.gov email system.

“The public and the media have a right to a full accounting from top officials of the Clinton State Department,” Judicial Watch President Tom Fitton said.

Sputnik: Why is November 15, 2018 a crucial date for the Clinton Foundation?

Charles Ortel: Under US federal laws, the Bill, Hillary and Chelsea Clinton Foundation (“BHCCF”) must file a complete, truthful report on IRS Form 990 by the close of business on November 15, 2018 concerning its operations and financial results for 2017. This is the final filing deadline and no extensions are possible.

In addition, BHCCF must file reports with numerous states by 15 November 2018. Many of these states impose tough filing requirements — one example is New York State, which, effectively, is the base from which BHCCF’s global network of purported charities is run.

Unlike the IRS, New York requires charities to list out all of their subsidiaries, branches and affiliates, to provide details concerning all of the grants given to them by governments (foreign and domestic), and to procure an audit from an independent and certified professional accounting firm that is wholly consistent with US Generally Accepted Accounting Principles.

Since 1998, when these New York laws were applied, BHCCF has never complied and therefore has been in gross, uncured violation of laws which the state has enforced vigorously, including with respect to the Trump Foundation.

Sputnik: Why do you insist that the charity will not be able to present a comprehensive fiscal report? How is the situation likely to unfold in this case?

Charles Ortel: In the US, strict rules apply to financial reporting for charities. The report that is due concerning 2017 can only be filed accurately if BHCCF attempts to correct years of false and misleading prior filings that used accounting techniques not allowed in the US for charities and includes missing schedules and information that never was validly filed.

When formed on October 23, 1997, BHCCF was then called the “William J. Clinton Presidential Foundation”. Despite being required to do so, this entity did not file an IRS return on form 990 for the “short period” from its formation through December 31, 1997. There is no statute of limitations concerning this failure to file an initial “short period” return.

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