Wednesday, May 27, 2015

Bill Clinton company shows complexity of family finances

Bill Clinton company shows complexity of family finances


FILE - In this Sept. 22, 2014 file photo, former Secretary of State Hillary Rodham Clinton is welcomed to the stage by her husband, former President Bill Clinton, at the Clinton Global Initiative in New York. The newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a mystery company with no apparent employees or assets that the former president has used to provide consulting and other services, according to corporate documents reviewed by The Associated Press.  (AP Photo/Mark Lennihan, File)
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FILE - In this Sept. 22, 2014 file photo, former Secretary of State Hillary Rodham Clinton is welcomed to the stage by her husband, former President Bill Clinton, at the Clinton Global Initiative in New York. The newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a mystery company with no apparent employees or assets that the former president has used to provide consulting and other services, according to corporate documents reviewed by The Associated Press. (AP Photo/Mark Lennihan, File)
WASHINGTON (AP) — 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 ethics disclosure rules, declared candidates do not have to report assets worth less than $1,000. But the company's existence demonstrates the complexity of tracking the Clintons' finances as Hillary Clinton ramps up her presidential bid.

While Bill Clinton's lucrative speeches have provided the bulk of the couple's income, earning as much as $50 million during his wife's four-year term as secretary of state in the Obama administration, the former president has also sought to branch out into other business activities in recent years. Little is known about the exact nature and financial worth of Bill Clinton's non-speech business interests.

The identities of several U.S and foreign-based companies and foundations that Bill Clinton worked for have been disclosed in Hillary Clinton's recent financial report as well as in earlier reports during her stint as secretary of state.

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.

WJC, LLC was set up in Delaware in 2008 and again in 2013 and in New York in 2009, according to documents obtained by The AP. The company did not appear among holdings in the Clintons' financial disclosure released last week or in previous Hillary Clinton disclosure reports between 2008 and 2013, when she resigned as secretary of state. Bill Clinton signed a document as its "authorizing person" in a corporate filing in Delaware in 2013.

A limited liability company is a commonly used business structure that provides tax advantages and limited legal protection for the assets of company owners and partners.

The purpose of Bill Clinton's U.S.-based company was not disclosed in any of the corporate filings in Delaware and New York, but State Department files recently reviewed by the AP show that WJC, LLC surfaced in emails from Bill Clinton's aides to the department's ethics officials.

In February 2009, Clinton's counselor, Douglas Band, asked State Department ethics officials to clear Bill Clinton's consulting work for three companies owned by influential Democratic party donors. Memos sent by Band proposed that Bill Clinton would provide "consulting services regarding geopolitical, economic and social trends affecting the entity and philanthropic opportunities" through the WJC, LLC entity.

State Department officials approved Bill Clinton's consulting work for longtime friend Steve Bing's Shangri-La Industries and another with Wasserman Investments, GP, a firm run by entertainment executive and Democratic party donor Casey Wasserman. The ethics officials turned down Bill Clinton's proposed work with a firm run by entertainment magnate and Democratic donor Haim Saban because of Saban's active role in Mideast political affairs.

WJC, LLC was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band's international consulting company, Teneo Strategy LLC. Band's request said Teneo would use "consulting services provided by President Clinton through WJC, LLC." State Department officials approved the three-year contract between the two companies.
None of the proposals detailed how much Bill Clinton would be paid.

While Hillary Clinton's 2011 federal disclosure report did not mention WJC, LLC, it reported that Bill Clinton received "non-employee compensation over $1,000 from Teneo," but did not disclose a more precise amount. Federal disclosure rules require the spouses of filers to disclose the identity of any income sources over $1,000, but they do not have to provide exact figures.

Pass-through, or shell, companies became an issue in the 2012 presidential campaign when Republican candidate Mitt Romney disclosed a private equity entity worth $1.9 million despite failing to report the company on his previous federal disclosure. Romney aides said the company previously held no assets but then received the $1.9 million "true up" payment — a catch-up payment to make up for private equity fees from defunct investment advisory businesses that had not been previously paid.
Associated Press writer Randall Chase contributed to this report from Dover, Delaware


Wilber 12 hours ago
Thumbs up 380
There is only one reason to come up with "pass through" corporations, and that is to hide money, which is exactly what is occurring here. This entire family is nothing but snakes. All you have to do is go back and look at their history. The sad thing is that there are millions of people who don't care, and more correctly, don't know, because they don't pay attention. They will be the ones who try and vote this viper into the Whitehouse.... 

jon 10 hours ago
Thumbs up 71
More BAD NEWS for the Clintons - " Under Clinton's leadership, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments have given money to the Clinton Foundation, according to an IBTimes analysis of State Department and foundation data. That figure -- derived from the three full fiscal years of Clinton’s term as Secretary of State (from October 2010 to September 2012) -- represented nearly double the value of American arms sales made to the those countries and approved by the State Department during the same period of President George W. Bush’s second term.

The Clinton-led State Department also authorized $151 billion of separate Pentagon-brokered deals for 16 of the countries that donated to the Clinton Foundation, resulting in a 143 percent increase in completed sales to those nations over the same time frame during the Bush administration. These extra sales were part of a broad increase in American military exports that accompanied Obama’s arrival in the White House." 

Mike 12 hours ago
Thumbs up 314
The Clintons handle their money in the exact same manner as the mob. It flows in and out of so many avenues that you can't possibly keep up with it, and their wealth and power continue to grow along the way. As the article mentions, Romney got attacked for what was perceived as a shell company last time around. The Clintons' operation puts anything Romney did to shame. Bill and Hillary have been doing things like this for the last 35 years. If you think the Obama Administration has been loaded with scandal (it has regardless of what anyone thinks), you haven't seen anything yet. The Clintons were scandalous when Bill was president in the 90s. They've had nearly 20 years since then for the machine to grow. Please don't vote for this woman.

Ldcpatriot 7 hours ago
Thumbs up 40
They are so disgustingly corrupt, but they KNOW how to cover it up. Look at what she did on her emails...... picked and choose the good ones, and DELETE the others!

They have a history. Young people don't know that so take a look! All you have to do is google any of these and you will know! ....Just a quick refresher course ‘lest we forget’ what has happened to many “friends” of the Clintons.

1- James McDougal – Clintons convicted Whitewater partner died of an apparent heart attack, while in solitary confinement. He was a key witness in Ken Starr’s investigation.
2 – Mary Mahoney – A former White House intern was murdered July 1997 at a Starbucks Coffee Shop in Georgetown .. The murder happened just after she was to go public with her story of sexual harassment in the White House.
3 – Vince Foster – Former White House councilor, and colleague of Hillary Clinton at Little Rock’s Rose Law firm. Died of a gunshot wound to the head, ruled a suicide.
4 – Ron Brown – Secretary of Commerce and former DNC Chairman. Reported to have died by impact in a plane crash. A pathologist close to the investigation reported that there was a hole in the top of Brown’s skull resembling a gunshot wound. At the time of his death Brown was being investigated, and spoke publicly of his willingness to cut a deal with prosecutors. The rest of the people on the plane also died. A few days later the air Traffic controller commited suicide.
5 – C. Victor Raiser, II – Raiser, a major player in the Clinton fund raising organization died in a private plane crash in July 1992.
6 – Paul Tulley – Democratic National Committee Political Director found dead in a hotelroom in Little Rock , September 1992. Described by Clinton as a “dear friend and trusted advisor”.
7 – Ed Willey – Clinton fundraiser, found dead November 1993 deep in the woods in VA of a gunshot wound to the head. Ruled a suicide. Ed Willey died on the same day his wife Kathleen Willey claimed Bill Clinton groped her in the oval office in the White House. Ed Willey was involved in several Clinton fund raising events.
8 – Jerry Parks – Head of Clinton’s gubernatorial security team in Little Rock .. Gunned down in his car at a deserted intersection outside Little Rock Park’s son said his father was building a dossier on Clinton He allegedly threatened to reveal this information. After he died the files were mysteriously removed from his house.
9 – James Bunch – Died from a gunshot suicide. It was reported that he had a “Black Book” of people which contained names of influential people who visited prostitutes in Texas and Arkansas
10 – James Wilson – Was found dead in May 1993 from an apparent hanging suicide. He was reported to have ties to Whitewater..
11 – Kathy Ferguson – Ex-wife of Arkansas Trooper Danny Ferguson, was found dead in May 1994, in her living room with a gunshot to her head. It was ruled a suicide even though there were several packed suitcases, as if she were going somewhere. Danny Ferguson was a co-defendant along with Bill Clinton in the Paula Jones lawsuit Kathy Ferguson was a possible corroborating witness for Paula Jones.
12 – Bill Shelton – Arkansas State Trooper and fiancee of Kathy Ferguson. Critical of the suicide ruling of his fiancee, he was found dead in June, 1994 of a gunshot wound also ruled a suicide at the grave site of his fiancee.
13 – Gandy Baugh – Attorney for Clinton’s friend Dan Lassater, died by jumping out a window of a tall building January, 1994. His client was a convicted drug distributor.
14 – Florence Martin – Accountant & sub-contractor for the CIA, was related to the Barry Seal, Mena, Arkansas, airport drug smuggling case. He died of three gunshot wounds.
15 – Suzanne Coleman – Reportedly had an affair with Clinton when he was Arkansas Attorney General. Died of a gunshot wound to the back of the head, ruled a suicide. Was pregnant at the time of her death.
16 – Paula Grober – Clinton’s speech interpreter for the deaf from 1978 until her death December 9, 1992. She died in a one car accident.
17 – Danny Casolaro - Investigative reporter. Investigating MenaAirport and Arkansas Development Finance Authority. He slit his wrists, apparently, in the middle of his investigation.
18 – Paul Wilcher - Attorney investigating corruption at MenaAirport with Casolaro and the 1980 “October Surprise” was found dead on a toilet June 22, 1993, in his WashingtonDC apartment. Had delivered a report to Janet Reno 3 weeks before his death.
19 – Jon Parnell Walker – Whitewater investigator for Resolution Trust Corp. Jumped to his death from his Arlington , Virginia apartment balcony August 15, 1993. He was investigating the Morgan Guaranty scandal.
20 – Barbara Wise – Commerce Department staffer. Worked closely with Ron Brown and John Huang. Cause of death unknown. Died November 29, 1996. Her bruised, nude body was found locked in her office at the Department of Commerce.
21 – Charles Meissner – Assistant Secretary of Commerce who gave John Huang special security clearance, died shortly thereafter in a small plane crash.
22 – Dr. Stanley Heard – Chairman of the National Chiropractic Health Care Advisory Committee died with his attorney Steve Dickson in a small plane crash. Dr. Heard, in addition to serving on Clinton ‘s advisory council personally treated Clinton’s mother, stepfather and brother.
23 – Barry Seal – Drug running TWA pilot out of Mena Arkansas, death was no accident.
24 – Johnny Lawhorn, Jr. – Mechanic, found a check made out to Bill Clinton in the trunk of a car left at his repair shop. He was found dead after his car had hit a utility pole.
25 – Stanley Huggins – Investigated Madison Guaranty. His death was a purported suicide and his report was never released.
26 – Hershell Friday – Attorney and Clinton fundraiser died March 1, 1994, when his plane exploded.
27 – Kevin Ives & Don Henry – Known as “The boys on the track” case. Reports say the boys may have stumbled upon the Mena Arkansas airport drug operation. A controversial case, the initial report of death said, due to falling asleep on railroad tracks. Later reports claim the 2 boys had been slain before being placed on the tracks. Many linked to the case died before their testimony could come before a Grand Jury.

28 – Keith Coney – Died when his motorcycle slammed into the back of a truck, 7/88.
29 – Keith McMaskle – Died, stabbed 113 times, Nov, 1988
30 – Gregory Collins – Died from a gunshot wound January 1989.
31 – Jeff Rhodes – He was shot, mutilated and found burned in a trash dump in April 1989.
32 – James Milan – Found decapitated. However, the Coroner ruled his death was due to natural causes”.
33 – Jordan Kettleson – Was found shot to death in the front seat of his pickup truck in June 1990.
34 – Richard Winters – A suspect in the Ives/Henry deaths. He was killed in a set-up robbery July 1989.

35 – Major William S. Barkley, Jr.
36 – Captain Scott J . Reynolds
37 – Sgt. Brian Hanley
38 – Sgt. Tim Sabel
39 – Major General William Robertson
40 – Col. William Densberger
41 – Col. Robert Kelly
42 – Spec. Gary Rhodes
43 – Steve Willis
44 – Robert Williams
45 – Conway LeBleu
46 – Todd McKeehan

Quite an impressive list!
The public must become aware of what happens to friends of the Clintons! 

Eddie 12 hours ago
Thumbs up 360 
All those favorable deals and special waivers given to foreign companies right after they slipped wads of cash to the Clinton Foundation, and tucked insane six-figure speaking fees into Bill and Hillary’s pockets? Why, that was all just an amazing string of coincidences, stretching out over decades, and adding up to over a billion dollars of Clinton loot!

Sure, it’s pure coincidence that disaster-ravaged Haiti’s first gold-mining permits in 50 years just happened to go to an inexperienced mining company that had Hillary’s brother Tony Rodham on its board.

It’s just a roll of the dice, a stroke of random fate, that cell phone company Digicel sucked up lucrative contracts and came to dominate the Haitian market after its billionaire owner wrote a few seven-figure checks to the Clinton Foundation and arranged ridiculously overpaid speaking engagements for Bill Clinton, who just happened to have a commanding position in the Haitian relief effort.

There’s nothing untoward at all about U.S. mega-corporations with deep ties to the Clintons profiting handsomely from cheap Haitian labor, while farmers are thrown off their land to make room for a useless industrial park that gobbled up $100 million in American taxpayer subsidies while producing less than ten percent of the promised jobs for Haitians – jobs that pay as little as five bucks a day. The major tenant of that industrial park just happens to be a Korean company that gives big bucks to the Clintons. What are the odds, right?

Anthony L 8 hours ago
Thumbs up 42
For any other "Human Being" in America...they would have been arrested and carted off to Jail...Do Not Pass Go....Go directly to Jail. But since the media is once again trying their best to give Billary a Pass on the whole Fraud, Money Laundering, and what was it they arrested Al Capone for...oh yeah; Tax evasion on 23 tax counts. When will America wake up? This woman and her shameless husband who made a mockery of the Nations highest office while he was president is only in it for one reason...Power. If they alreay have $50Million (I'm guessing quite a bit more hidden) what else would she want a job that pays $200k a year for?

W 12 hours ago
Thumbs up 276
Sounds like Hillary-Billary are hiding from the tax man, with fake companies, MILLIONS from the foundation (which gives virtually NOTHING to charity), $500,000 speeches from those seeking State Dept favors!!!.

It all makes Romney look like a saint!!!

Eliz Warren will be trotted out, as soon as the DEMs admit to themselves that Hillary has far too much baggage!! I am guessing BEFORE Thanksgiving!! Obama supports her and hates the Clinton's, the Kennedy's support Warren, the money will be there, and Hillary is self-imploding just like she did in 2008!!

james 47 minutes ago
This pair are so corrupt and smell so bad that it is hard to see how anyone in right mind can vote for her.
However, their evil machine will focus on THINGS THAT DO NOT MATTER like Gay Marriage, Political Correctness, Abortion, Racism, first female President, wealth redistribution etc which are all personal preference items.
In contrast, the Republicans will focus only on THINGS THAT DO MATTER like The US Debt, War against Radical Islam, Growth of the Economy, Foreign Policy etc
Unfortunately in the USA, those on Welfare, the stupid, Hollywood idiots and the media together outnumber those with common sense and real knowledge.
Hence we will be stuck with the Criminal Clintons for at least 4 years.
I just give up!
Poor USA.

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