Are Clinton Foundation Principals and Agents Truly Too Big to Jail?

Controversies swirling today in the press concerning public disclosures of the Clinton Foundation miss many important points.

Materially misleading historical tax returns and audited financial statements filed for Clinton Health Access, Initiative, Inc. (operating internationally from a base in Boston, MA) are just one small portion of a far larger set of epic problems with the entire Clinton Foundation complex of supposed charities.

Exhibits and Appendices presented starting today attempt to explain the wider set of issues that trustees, executives, substantial donors, connected insiders, and professional advisors must address and remedy before a hard deadline passes on midnight, 16 November 2015.

Pressure rises most upon several supposedly independent and accredited accounting firms that appear to have been duped by false and materially misleading representations made to them in the course of issuing “audits” for calendar years 2001 through 2013.

It is impossible for trustees to meet the imminent disclosure deadline lawfully without amending and explaining multiple years of false and materially misleading public disclosures that remained outstanding as Clinton Foundation principals and agents illegally solicited donations across state and national boundaries using the mails, telephones, and digital media.

Time is of the essence.

Will U.S. and foreign government authorities move to punish those responsible for operating a global disaster charity fraud whose scale, so far runs into the many billions of U.S. dollars?

Clinton Foundation: Important Moments Ahead

When you read my First and Second Interim Reports on the Clinton Foundation and its constituent elements, when you examine the facts for yourself, and particularly when you consider the more detailed analysis forthcoming starting 2 November 2015 on this site, you will understand that government authorities (inside and outside the United States) eventually will assist in exposing, and then punishing those responsible for massive, as yet unprosecuted charity frauds involving disaster relief.

The Latest Available Clinton Foundation Filings Appear Deceptive

My interest in the Clinton Foundation financial disclosures was originally sparked by an article written in the New York Times entitled “Unease at Clinton Foundation over Finances and Ambitions.”

Considering this article with the benefit of hindsight after having poured through reams of public filings and comments made by the Clinton Foundation as well as related parties, one wonders how seriously management, directors, and other employees take their manifold legal duties, particularly when it comes to making truthful and complete disclosures.

Since August 2013, few investigative reporters have dug deeply enough below the surface of Clinton Foundation filings, seeking and finding answers to questions concerning the stated financial performance of significant constituent entities as well as the consolidated whole.

I have completed a summary review of these filings, and have attached a report which answers a few key questions. Specifically: 

  1. What do Clinton Foundation disclosures tell informed readers about the stewardship of billions of dollars in “charitable contributions” sent to Little Rock, to New York City, to Boston, to London, and to Stockholm from numerous donors with modest means, from wealthy and powerful donors, and from a host of governments and government-connected benefactors?
  2. Did management exercise vigilance to ensure that the Clinton Foundation actually carried out its original and its amended tax-exempt purposes?
  3. Did directors take reasonable care, as fiduciaries, under applicable state, federal, and foreign laws to operate this charity serving, at all times, a public interest?
  4. Are all business arrangements with material “related” parties fully and adequately disclosed in annual, publicly available filings that comparable charities regularly complete on time?

Or, do the Clintons, and others who operate the Clinton Foundation, function as Robin Hood in reverse? Do they dupe small, modest income donors to enrich themselves and cronies?

Headline Conclusions of the First Foundation Report

The truth is that it is difficult to perform penetrating analysis of publicly available financial information pertaining to the Clinton Foundation because, so far, it is not technically complete in numerous material respects.

The numbers that the Clinton Foundation supplies to the public in its legally mandated filings do not add up, are frequently incorrect, and appear to be materially misleading. In numerous cases, the Clinton Foundation appears to have followed inconsistent policies adding in appropriate portions of the various activities it pursued around the world to create “consolidated” financial statements.

As the attached report notes, In several instances portions were added only for some of the years in which the entities remained in operation, artificially enhancing purported financial results. In other cases, important elements of activity were improperly characterized and combined.

Meanwhile the Foundation solicits donations even though its informational filings are not in compliance with applicable law. Regulators at Federal, State, Local, and international levels are not doing what they should do to protect the public.


And how long must we wait before regulators at home and abroad remedy rampant and persistent deficiencies in the Clinton Foundation's operating and disclosure practices. 

The attached print report details ten specific concerns about the most recent Clinton Foundation filings. I invite your considered reaction. 

Lessons from our Elders

I met a great grandfather on his 101st birthday when I was I have long enjoyed soaking up wisdom from wise forbears...such a treat tonight to learn more,aboyr Dads early work after Bohr Institute w Lockheed where apparently I was an infant among the hydrogen bomb team (not my Dad's project)

A great Dad Conversation

Just now, I asked my Dad about his latest invention (in process). His answer (he holds numerous patents, a PhD in nuclear physics, and studied w Nils Bohr): it's a great solar polar solution with only one just may need a parallel universe to function best...but surely one exists. And that is a fun portion of my grateful.