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. 

30 responses
You might be interested in my Facebook Post today, 09-08-2015...
I am a Bernie Sanders supporter and there is absolutely NO WAY that I would ever vote for Hillary Clint on. I simply could not vote such a person, irrespective of race or gender.I don't accept the argument not that she is the. Better of a bad lot I.e. Donald Trump. He is an unknown quantity, so he might turn out either way-better or worse than we expect. She is a known quantity and as far as heading this great country, it is ALL BAD. We should not ele ct this untrustworthy woman as President, it demeans women not elevate us. Yolande M. Agble
I am working with union leaders in Washington D,C that forward my emails throughout the country to union members, family and friends are work help Bernie Sanders gather crowds of 20,000 people around the country. I am working with union leaders in Washington D,C that forward my emails throughout the country to union members, family and friends are work help Bernie Sanders gather crowds of 20,000 people around the country. All my emails you people receive are the result of one Senator so you could get the information to participate in the political process and on Bernie Sanders presidential campaign. The Democratic females Senators force him into retirement as a condition for you to receive these emails. Please put on your web page how you want to proceed, I was going this way Friday June 15 2016 Please contribute a dollar to The Clinton Foundation and fill out a complaint against the Clinton Foundation. Most states have a copy of a complaint against charitable organizations on their web page. This link is The National Association of Attorney Generals Author Corsi says a dollar is the same has contributed a million; I gave $10 before I read this. Please read Author Corsi on “Wall Street Analyst Uncovers Clinton Foundation Fraud” at the following link please email to this story to Democratic Super Delegates so we can hold them accountable if Hillary Clinton is the Democratic nominee. They can’t claim they didn’t know. This link came from Author Corsi book a New York complaint form against charitable corporations This link is to every state Attorney General I will go whatever way you think is best, PLEASE PUT ON YOUR WEB PAGE AND I WILL FORWARD YOUR REQUEST TO D,C, union leaders which will get forward throughout the country. I have support of American Power Structure the top and international Concern Citizen Michael Sullivan
I don't want nothing to do with Lyndon LaRouche I given that man $90,000 which is a lot of money for me and I was a member of his organization for 2 years back in 1987. I met LaRouche and I found him to be a deeply disturb individually that I should run away from him. That after I gave him $45,000 and walk away from a good paying job as a union plumber In November 2012 I was put in the middle of Lyndon LaRouche, Congress and the AFL-CIO leadership. We work together until February 15 2013. LaRuche took a paper off my computer sent to every town, city, state and federal elected official, information that was not supposed to go to the public. LaRouche told me I had to disappear to Canada as people want me dead for being integral figure in stopping a war in the Middle East. LaRouche also suggested Congress appoint him president at that time. I expose high level intelligence operations because of LaRouche shenanigans. I don’t want nothing to do with you, your paper sights his global research footnote 2 That man has try to kidnap my wife so I would join his organization again in 1998, he was upset because I didn’t hear is wife speak. LaRouche does not respect anybody life, He looks for people to use. He would screw you in second. Dillion and Reed is a connect entity I am not going to be on long list of public elected official that were eliminated for working with LaRouche. I will not sight you work, I am being hit with a frequency weapon for over two years because of that sick SOB He got a former member to kill himself in 2007, because LaRouche was too old to run for president in 2008. He wants revenge from his 1987 trial where LaRouche went to jail and I try to get him out of Jail as that case started in Boston. The FBI threaten my life then as LaRouche told them what I was up too. They has been three attempts on my life since 2010 because of trying to help LaRouche, I will not sight your work until I have official government protection. I will work to put Hillary Clinton in jail Good Luck Mike Sullivan
Little Rock airport lands new tenant - (2015) The state’s largest airport landed a new tenant that officials at Bill and Hillary Clinton National Airport/Adams Field… The airport will receive $360,000 in annual income under the agreement that the Little Rock Municipal Airport Commission approved Tuesday, but airport officials say the new tenant, Cantrell Drug, also will spend $7.5 million on improvements for the property… Cantrell Drug bills itself as “a multi-faceted specialty pharmaceutical company providing sterile and non-sterile pharmaceutical preparations to meet the needs of patients, physicians, clinics, and health care institutions throughout the United States,” according to its website. The agreement is contingent on the property being zoned to accommodate Cantrell Drug’s operation and on the company obtaining “acceptable financing arrangements,” both of which Pierce said he didn’t anticipate being a problem. Well what could possibly go wrong? Lets see (3/5/2018): - The U.S. Food and Drug Administration is alerting health care professionals and patients not to use drug products produced by Cantrell Drug Company of Little Rock, Arkansas, including opioid products and other drugs intended for sterile injection, that were produced by the company and distributed nationwide. The agency is concerned about serious deficiencies in Cantrell’s compounding operations, including its processes to ensure quality and sterility assurance that put patient safety at risk. Administration of contaminated or otherwise poor quality drug products can result in serious and life-threatening injury or death. The FDA has also sought legal action to prevent the company from further producing and distributing drugs. In a preliminary injunction filed today in the U.S. District Court in the Eastern District of Arkansas, the Department of Justice, in conjunction with the FDA, asked the court to order Cantrell to stop manufacturing, processing, packing, labeling, holding and/or distributing any drugs until the company complies with the Federal Food, Drug, and Cosmetic Act (FD&C Act) and its implementing regulations. The proposed order also will require Cantrell to recall all non-expired drug products on the market. (I know of the Clinton’s love affairs with pharmaceutical companies. Was she doing any shady business with Cantrell Drug I wonder?)
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