The newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family’s finances.
Because the company, WJC, LLC, has no financial assets, Hillary Clinton’s campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton’s private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.
The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president’s finances on the record, said the entity was a “pass-through” company designed to channel payments to the former president.
Under federal disclosure rules for spouses’ earned income, Hillary Clinton was only obligated to identify the source of her spouse’s income and confirm that he received more than $1,000. As a result, the precise amounts of Bill Clinton’s earned income from consulting have not been disclosed, and it’s not known how much was routed through WJC, LLC.
– From last year’s post: Introducing “WJC, LLC” – Bill Clinton’s Little Known Pass-Through Entity Used to Channel Consulting Fees
The man’s shamelessness knows no limits.
The Hill reports:
Bill Clinton said Monday that Republican attacks on his family’s foundation were “funny” and likened his actions as head of the organization to Robin Hood’s.
“They even went after my foundation last week. Now that was really funny,” the former president told a crowd at the AFL-CIO’s picnic in Cincinnati, Ohio, on Labor Day.
“I was sort of Robin Hood, except I didn’t rob anybody,” Clinton said. “I just asked people with money to give it to people who didn’t have money.”
I’m confused. Is he talking about rich people giving to charitable endeavors or to his “dead broke” self?
Republicans have accused the Clinton Foundation of running a “pay-to-play” scheme, following the release of private emails showing cozy relationships between top foundation officials and the State Department during Hillary Clinton‘s tenure as secretary of State from 2009-13.
Strangely enough, I fail to remember the chapter in the Robin Hood saga where he stashes away hundreds of millions of dollars in corporate consulting and speaking fees while on the run from the Sheriff of Nottingham. Perhaps the story needs a retelling.
Moreover, I certainly don’t recall Robin Hood spending considerable time doing the following…
From the Washington Post article, Inside Bill Clinton’s Nearly $18 Million Job as ‘Honorary Chancellor’ of a For-Profit College:
The guest list for a private State Department dinner on higher- education policy was taking shape when Secretary of State Hillary Clinton offered a suggestion.
In addition to recommending invitations for leaders from a community college and a church-funded institution, Clinton wanted a representative from a for-profit college company called Laureate International Universities, which, she explained in an email to her chief of staff that was released last year, was “the fastest growing college network in the world.”
There was another reason Clinton favored setting a seat aside for Laureate at the August 2009 event: The company was started by a businessman, Doug Becker, “who Bill likes a lot,” the secretary wrote, referring to her husband, the former president.
Nine months later, Laureate signed Bill Clinton to a lucrative deal as a consultant and “honorary chancellor,” paying him $17.6 million over five years until the contract ended in 2015 as Hillary Clinton launched her campaign for president.
While much of the controversy about Hillary Clinton’s State Department tenure has involved donations to her family’s charity, the Clinton Foundation, a close examination of the Laureate deal reveals how Bill Clinton leveraged the couple’s connections during that time to enhance their personal wealth — potentially providing another avenue for supporters to gain access to the family.
Becker, for example, donated to Hillary Clinton’s 2008 presidential campaign and last year donated $2,700 to her current effort. Laureate has given between $1 million and $5 million to the Clinton Foundation, according to the charity’s website, and made millions of dollars of charitable commitments through the Clinton Global Initiative, an arm of the foundation that arranged for corporations to make public pledges to their own philanthropic projects. Meanwhile, Laureate portrayed its association with the Clintons as a symbol of its legitimacy rather than the result of a business deal.
“People know that somebody like President Clinton, the most important thing to him is his reputation,” Becker said in a 2010 appearance at a Laureate campus in Malaysia. “And to attach himself to an organization that he doesn’t believe in, he would never do it. It wouldn’t make sense — not just with his own legacy and history but, in his case, being the spouse of the U.S. secretary of state, for example.”
For close to $20 million, I suspect he’d attach his name to just about anything.
When Becker introduced Clinton at an event at the same campus the next year, he read a statement from Malaysia’s education minister declaring that “there must be something very special about Laureate that has inspired President Clinton to devote his energy to such an endeavor.”
The contract itself became public through a records request by a different conservative group, Judicial Watch, but descriptions of Clinton’s exact consulting role were blacked out in the publicly released document and labeled as trade secrets. Laureate and Clinton aides declined to release an unredacted copy of the contract.
In 2013, Clinton recorded a message to Laureate students and, without mentioning his financial ties to the company, said he joined Laureate because he admired its “dedication to helping the next generation of leaders be truly educated and well prepared for your future.”
As of July, three of Laureate’s five U.S. schools were included on a government list of 500 schools that receive additional financial oversight after being found out of compliance with the requirements of federal student aid programs.
Outside the State Department, Laureate’s ties extended into the world of the Clintons in other ways. Politico has reported that Laureate and GEMS Education were both clients of Teneo Holdings, a consulting group founded by longtime Bill Clinton aide Doug Band that paid Clinton a $100,000 fee in 2011. Band declined to comment, as did Laureate.
Robin Hood, indeed.
For related articles, see:
Hillary Clinton is in Deep Trouble – “Hordes of Wall Street Executives” Descend Upon Philly
Hillary Consolidates Wall Street Support as Republican Financiers Shift to Clinton
The Real Reason Hillary Clinton Refuses to Release Her Wall Street Transcripts
In Liberty,
Michael Krieger
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CFR
They hold an enormous amount of sway over US and British foreign policies, providing the glue for the so-called “special relationship” between the US and Britain.
CFR publishes Foreign Affairs, a bi-monthly journal on the global political landscape, which is considered by many in the State Department as a kind of “how-to” guide in conducting foreign policy. Founding members of CFR included brothers John Foster and Allen Dulles, columnist Walter Lippman, former Secretary of State Elihu Root and Colonel Edward Mandell House, who as adviser to President Woodrow Wilson pushed through the Federal Reserve Act, creating a private US central bank owned by a few wealthy banking families.
In 1912, one year before the Federal Reserve was created, House wrote Philip Dru: Administrator. The book describes a conspiracy within the United States bent on establishing a central bank, a graduated income tax and control of both political parties.
Past funding for CFR has come from international financiers David Rockefeller, J.P. Morgan, Bernard Baruch, Jacob Schiff, Otto Kahn and Paul Warburg. International banks Kuhn Loeb, Lazard Freres, Lehman Brothers and Goldman Sachs- whose directorates interlock- heavily influence CFR proceedings.
CFR members are sworn to secrecy regarding goals and operations. But Admiral Chester Ward, a longtime CFR member, let slip that the goal of the group is, “to bring about the surrender of the sovereignty and the national independence of the United States…Primarily, they want a world banking monopoly from whatever power ends up in the control of global government.”
In the fall of 1998 as impeachment loomed over Clinton, the President rushed to New York to try and muster support from his CFR “handlers”. As publisher John F. McManus stated, “Bill Clinton knows well that he serves as President because the members of the ‘secret society’ to which he belongs chose him and expect him to carry out its plans.”
https://hendersonlefthook.wordpress.com/2016/09/04/cfr/
They take and take.
Indeed Robin Hood, but Robin Hood in reverse.He is the living proof that this has turned itself into a third-world country.
I live in the Netherlands. Recently came out that the Clinton foundation Had won a prize of 25 milj Euro with the Nationale Postcode Loterij aledgedly a charity organization. Also was confirmed that the Dutch Government donated without OUR knowing some Ten million Euro’s to the same foundation.