NEW YORK – Adding to Hillary Clinton’s concern that the FBI may open a criminal investigation into her use of a private email server is evidence among the emails recently released by the State Department that she maintained deep ties to the Clinton Foundation while serving as U.S. secretary of state.
In a new report, Wall Street analyst and investor Charles Ortel charges the Clintons and their associates have been engaged in a “vast criminal conspiracy to defraud the general public, enrich themselves and entrench their political influence.”
Ortel believes the evidence calls for a criminal investigation by the FBI as well as by attorneys general in four states where the Clinton Foundation is registered, maintains offices and/or has aggressively solicited individual donations: Arkansas, Massachusetts, California and New York.
He published on his website a new executive summary of his “First Foundation Report” of his continuing investigation into the operations of the Bill, Hillary, & Chelsea Clinton Foundation.
“Since July 2002, the worst known example of flagrant and unpunished abuses by a U.S. domiciled, public charity is the record of voluminous flawed, inaccurate, false and misleading public disclosures made by representatives of the Bill, Hillary, and Chelsea Clinton Foundation (the “Clinton Foundation”), as trustees, executives and agents illegally solicited across state, and national boundaries and raised close to $2 billion from donors who were either willingly or unwillingly duped,” Ortel alleges.
Ortel has shared with WND his investigative files amounting to hundreds of pages of tables, exhibits and appendices. The documentation supports his claim that between 2002 and 2013, the Clinton Foundation solicited potential donors across state and national boundaries to raise close to $2 billion.
“The biggest unanswered questions concern why state, federal, and foreign government authorities have failed, so far, to prosecute trustees, executives, and agents of the Clinton Foundation and its constituent elements for ceaselessly promoting a global criminal enterprise in the guise of philanthropy,” Ortel writes.
“Known and unprosecuted felony and misdemeanor offenses of Clinton Foundation Trustees and others include taking donations under false pretenses, diverting donations from their intended purposes, failing to exercise required control over operations, creating substantial private gain, allowing insiders to appropriate illegally created private gains, and thereby corroding an otherwise well deserved reputation that many American charities rightfully have obtained over decades, for performing good works worldwide in conformity with applicable laws and regulations.”
Clintons admit to filing false financials
In his report, Ortel stresses the Clintons admitted to violating federal and state law by acknowledging in April that the foundation needed to withdraw error-ridden IRS Form 990s “for some years” and file corrected financials.
He cites an April 26 statement by Clinton Foundation acting CEO Maura Pally titled “A Commitment to Honesty Transparency, and Accountability.” Published on the Clinton Foundation website, it says that after a “voluntary external review is completed,” the foundation “will likely refile forms for some years.”
Pally tried to excuse the erroneous financial statements filed with the IRS by claiming that “mistakes” in incorrectly combining government grants with other donations were not uncommon for “organizations of our size.” She added that the foundation was “acting quickly to remedy” the problem and “to take steps” to make sure no more erroneous financials are filed with the IRS in the future.
For Ortel, that explanation does not excuse the various requirements under state and federal law specifying that charitable organizations must file truthful, complete and accurate financial statements with regulators, including the IRS, verified by competent, informed and independent auditing firms.
Ortel points out that since April 26, the Clintons have not filed or posted on their website corrected financial statements along with “thorough and granular explanations” of any and all amendments made to the erroneous financial statements.
Ortel puts the blame on federal and state regulators, including the IRS, for failing to hold the Clinton Foundation to standards regarding the operation of charitable organizations. In contrast, “smaller public charities, run by less august persons who are, less well trained professionally, and by less responsible principals who solicited fewer target donors and raised smaller sums of money have been aggressively prosecuted, and severely punished via criminal and civil legal proceedings.”
Meanwhile, Ortel alleges that despite the continued failure to post the promised corrected financial statements, “the Clinton Foundation and constituent elements recklessly continue to solicit donations on the basis of inaccurate, false, and misleading public filings in violation of state, federal, and foreign laws.”
Ortel charges that because Hillary Clinton served as a trustee of the Clinton Foundation, she cannot escape legal responsibility for the erroneous statements the Clinton Foundation now admits having filed with the IRS. He contends she also is responsible for inconsistent, incomplete, materially misleading and outright false financial filings that invalidate audited financial statements since the foundation’s inception.
Ortel alleges that while Clinton served as trustee, from 2013 through April 2015, the Clinton Foundation “procured independent audits of financial statements and submitted public filings to government authorities that were false, materially misleading, and fraudulent, while actively soliciting donations across state and national boundaries.”
He charges that during Hillary’s tenure as trustee, the Clinton Foundation filed false and misleading financial forms concerning calendar years 2010 and 2011. Also, the Clinton Health Access Initiative, CHAI, aimed at combating HIV/AIDS in third world countries, filed amended financial forms for 2012 and 2013. Ortel takes that as an admission CHAI initially filed erroneous financial forms in apparent violation of state and federal law.
Ortel notes that while she was a trustee, Clinton never demanded any reexamination of Clinton Foundation financial filings for the years 2002 through 2013. He has concluded the audited statements for the Clinton Foundation for those years were inconsistently consolidated “in gross violation of relevant accounting standards and of applicable state, federal and foreign laws that require production of wholly accurate, truthful, and complete informational returns.”
“Legally mandated Clinton Foundation disclosures that are the responsibility of Clinton Foundation Trustees and must be wholly accurate, complete and, in the case of financial disclosures, verified by competent, informed, and independent accounting professionals,” Ortel writes.
“Instead, Clinton Foundation public disclosures concerning the period July 2002 to present are false, incomplete, inaccurate, and not appropriately verified by independent auditors.”