New Explosive Facts About Clinton Charity to Shake Off Lethargy Soon – Analyst
Ekaterina Blinova
SputnikNews.com
03.12.2018
The major question concerning the Clinton Foundation is not that it has apparently become the largest unprosecuted fraud ever, but rather why it is taking so long to expose, prosecute and convict those responsible? Wall Street analyst Charles Ortel sat down to answer this and other questions with Sputnik.
The Clinton Foundation’s allegedly fraudulent activities are likely to come under the spotlight on December 5, 2018, when United States Attorney John Huber, appointed by former Attorney General Jeff Sessions, is due to testify about his probe into the organisation. Meanwhile, it was reported that two whistle-blowers had signalled their willingness to shed light on the charity’s alleged wrongdoings.
Sputnik reached out to Wall Street analyst Charles Ortel, who has been conducting a private investigation into the Clintons’ charity for three years, asking him to comment on the developments.
Sputnik: On November 15th, you told Sputnik that the judgement day for the Clinton Foundation is nearing, as the Clintons are unlikely to provide a comprehensive and undistorted report about their charity’s financial and organisational activities.
Did they manage to release a truthful report on IRS Form 990 by the close of business on November 15, 2018 concerning its operations and financial results for 2017?
Charles Ortel: No! In the United States, tax-exempt charities that raise relatively small amounts of money each year must register truthfully in most states where they solicit donations. Many of these states require that the charities submit an independent audit of their financial results and position, performed using accounting standards that are to be followed in the United States of America.
The “audit” for Bill, Hillary & Chelsea Clinton Foundation does not compare supposed 2017 results to 2016 results on a consistent basis — a material defect.
Worse, the work presented in the “audit” and the results submitted under penalties of perjury to tax and other government authorities rest on gravely deficient and so far uncorrected disclosures for the period of October 23, 1997 through December 31, 2009. As these figures overstate construction costs by tens of millions of dollars, and contain numerous material errors, no subsequent work (years 2010 through 2017) can be correct, absent comprehensive restatements.
Even with restatements, there are substantial questions over whether any entity in the network of Clinton charities actually is validly “tax-exempt”.
Sputnik: What are the major developments in the Clinton Foundation’s case? What did John Solomon mean when he said that on Monday we are likely to hear “breaking news” about a Clinton Foundation whistle-blower? Solomon dropped the hint that federal prosecutors assigned to US Attorney John Huber, the US attorney investigating the Clintons, had reached out to this whistle-blower on November 30th.
Charles Ortel: John Solomon, a veteran investigative journalist now with The Hill, has been covering oddities around the Clinton Foundation charity network for more than ten years. Based in Washington, DC, John is well connected with current and former government officials and well-placed in media.
According to former Attorney General Jeff Sessions, Huber has been evaluating whether prosecutions may be warranted for violations of laws including public corruption and charity fraud for months.
The Rest…HERE
