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BREAKING EXCLUSIVE: The Clinton Foundation Has an Opening for a CFO – Will the Departing CFO Come Clean Knowing He Has Several Accounting Errors to Address?

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Guest post by Arnold Ziffel

The Clinton Foundation has an opening for a CFO.  Is the Foundation at risk due to this new opening?

Attorney Doug Band, who served as President Clinton’s man Friday and acolyte for twenty years, divulged in a recent Vanity Fair article the inside self-dealing activities involving the Clinton Foundation. Doug Band is the architect, documented thanks to WikiLeaks, who designed the Foundation’s fundraising arm known as the Clinton Global Initiative, which comingled Clinton’s charitable and private interests.

Now the Clinton Foundation has begun an executive search for replacing another key Clinton insider, Andrew Kessel, who has served over 17 years as its Chief Financial Officer. He is considered the gatekeeper of the Foundation’s financial skullduggery. Will Mr. Kessel step forward like Doug Band?

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Over the years, Mr. Kessel has sworn to the financial records’ integrity by signing under perjury the 990 tax returns and numerous state charity filings. He also signed management representation letters to the auditors regarding the financial statements’ accuracy, and there are no irregularities or related party transactions. However, Wikileaks release of the independent governance review conducted by the law firm Simpson Thacher & Bartlett, LLP, exposed substantial problems. Simpson Thacher found the Foundation kept misleading cash-basis books, lacked controls, faked Trustee minutes, filed false disclosures, and restated financial statements and amended tax returns.

The following are some major examples of rampant irregularities gleaned from public records that Mr. Kessel was involved in as Chief Financial Officer.

Failure to Restate the Foundation Financial Statements

Hillary Clinton’s 2016 Presidential run caused the Foundation to evaluate, amend, and refile its tax filings for 2010, 2011, 2012, and 2013 on November 16, 2015. The justification was to disclose foreign government grants and the Clintons’ paid speeches on behalf of the Foundation because a few lines on the returns were left blank.

Shortly after that, the Foundation deliberately removed the 2010 and 2011 Consolidating Statements of Financial Position and Activities published on the Clinton Foundation website. The Foundation redacted the pages from the audited financial statements to prevent the general public from comparing the Foundation, Clinton Global Initiative, and Clinton Health Access Initiative entities to the individual amended 990 tax returns. Unfortunately for the Foundation, the supplementary schedules are available on the New York charity site.

The New York documents reconciled to the amended 990 returns identified substantial material errors. Such as the Clinton Global Initiative and Clinton Health Access Initiative’s reckless spin-off into separate operating subsidiaries, missing foreign subsidiaries, and the hundreds of millions in accounting errors. Comparing the original tax returns to the amended returns also found hundreds of errors and omissions occurring for each year.  Reissuing the audited financial statements was required, but the Foundation failed to restate them and the external auditors ignored it.

Massive Accounting Errors

The Foundation’s agreement with the World Health Organization’s Unitaid was to purchase reduced-priced medicines as an agent. The Foundation negotiated for reduced-priced drugs with Unitaid advancing funds to the Foundation to pay for the purchases shipped overseas by pharmaceutical companies. Generally accepted accounting principles required the funds to be held in an escrow account; however, the Foundation booked the Unitaid advances as charity revenue and payments as program expenses. The accounting error from 2006 through 2011 totaled a whopping $483 million overstatement of revenue and expense. The Foundation never disclosed the monumental blunder, which grossly overstated its charitable activities and possibly concealed the funds’ diversion.  

$18.3 Million Underpayment to Congress’s National Archives

The reported historical construction cost of the Clinton Library is $171.3 million or $1,332 per gross square foot. The Library cost is scandalously high when compared to equivalent high-quality Little Rock commercial buildings. The Heifer International and Arkansas Study Institute construction cost per gross square foot is $198 and $238, respectively, a warning sign of possible construction fraud.

According to the National Archives and Records Administration transfer agreement, the Foundation conveyed 68,698 net square feet to NARA. The contract stipulated that the Foundation fund the NARA endowment using the cost transferred factor at 20% as required by the Presidential Libraries Act of 1986. NARA uses the funding to offset future maintenance and restoration costs for the Library. The Foundation retained the remaining net square footage for the convention hall, the for-profit cafe, and Bill Clinton’s illicit tax-free (aka inurement) living quarters.

Bill Clinton’s Private Penthouse and Garden on Library Rooftop

The Clinton Foundation transferred to NARA a disproportionate low asset cost of $36 million and funded the endowment for $7.2 million based on deceptive documentation and unsupported by an independent valuation.  However, the required NARA transfer cost should have been $127.5 million with an endowment payment of $25.5 million. The Foundation by design made an $18.3 million underpayment.

Source: “Proposed Term Under Which NARA Would Use, Maintain, Operate, and Protect the William J. Library” Signed By James Rutherford, President of The William J. Clinton Presidential Foundation on April 20, 2004.

Confession is Good for the Soul

Doug Band disclosing his and Bill Clinton’s role in the Foundation’s pay-for-play cleared the public disclosure path for Andrew Kessel to follow.

Allegedly, Kessel admitted privately that he “knows where the bodies are buried.”  You can try to bury the truth, but you can never hide it.

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Corruption

Exposed: Government-Sponsored Experiments on Aborted Human Fetuses at the University of Pittsburgh – FETUS TRAFFICKING

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David Daleiden of The Center for Medical Progress testified about fetal experimentation before the Pennsylvania House Committee on Health on this week and exposed the government-sponsored trafficking of human fetuses.

Publicly available information demonstrates that Pitt hosts some of the most barbaric experiments carried out on aborted human infants, including scalping 5-month-old aborted fetuses to stitch onto lab rats, exporting fetal kidneys across the country, and killing infants delivered alive for liver harvesting–funded by U.S. taxpayers via the National Institutes of Health, and in particular Dr. Anthony Fauci’s NIAID office.

Local Planned Parenthood of Western Pennsylvania abortion providers supply the aborted fetuses, while Pitt sponsors the local Planned Parenthood’s operations, in what looks like an illegal Quid Pro Quo for fetal body parts, forbidden by 42 U.S. Code 289g-2 and 18 Pennsylvania Statutes 3216. Pennsylvania law also makes it a felony to experiment on a living fetus or to fail to provide immediate medical care to an infant born alive.

Listen to David Daleiden’s interview with Rose Unplugged on WJAS 1320 AM:

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Check out Rose Unplugged on WJAS 1320 AM – The Talk of Pittsburgh 1320 AM

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Corruption

VIDEO: Criminal FBI-DOJ Began Secretly Spying on Rudy Giuliani on May 1, 2018 — THE DAY HE BECAME TRUMP’S ATTORNEY

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There is no law and order in America today.
Only corrupt Marxists and totalitarians punishing anyone who stands in their way.

The criminals at the DOJ-FBI started spying on American patriot Rudy Giuliani on May 2, 2018. That was THE SAME DAY he agreed to become President Trump’s attorney in the Russia Hoax scandal.

This should be one of the top stories of the year! Instead, it’s being totally ignored by the Fake News media.

Rudy dropped this bomb today on the Bannon War Room.

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Via The War Room:

Rudy Giuliani revealed the federal government secured a covert warrant to spy on him the exact same day he became President Donald Trump’s attorney.

Giuliani told War Room, Wednesday, the secret warrant was secured on May 1, 2018 — meaning the government had access to the President’s most personal and sacrosanct communications with his lawyer during both sham impeachments.

“I think we’ve got a heck of an argument to dismiss,” Giuliani said, in regards to the Biden regime’s political and illegal raid on his apartment.

“And with regard to the much worse surveillance and the taking of my iCloud account from the first day that I became Donald Trump’s lawyer,” he said.

“They didn’t even make any bones about it,” Giuliani said. “They had no interest in me before. It begins May 1, 2018. That’s when it was first in the newspapers. Immediately they go get my stuff, at least retroactively, they examine the entire attorney client relationship for a year and a half. This is unheard of.”

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Corruption

Exclusive–David Ray: The U.S. Is an Accomplice to the Largest Child Trafficking Operation in U.S. History

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While that statement might be shocking, it’s actually going on right now. Except in 2021, the problem is much, much bigger, meaning so is the pool of victims. In March of 2019, when that statement was made, there were roughly 9,380 UAMs apprehended at the border. Those numbers have absolutely exploded – nearing 19,000 last month alone. Today, more than 23,000 UAMs are in the custody of the federal government.

Unfortunately, it’s not likely that those numbers will go down anytime soon, since the Biden Administration has promised to not send any of these minors back home and word has spread like wildfire that the U.S. border is severely under protected and easily exploited. And the most devastating fact is that it’s the Biden Administration that has not only caused this spike in child trafficking, but shows no desire to try and deter future surges, despite plenty of evidence of child abuse.

Sadly for these kids, they’re not only being exploited along the way – nearly 70 percent of migrants report being victims of violence during their trip to the U.S.- but their lives are being put in danger, sometimes on purpose, to distract Border Patrol so that illegal and criminal aliens can successfully smuggle drugs, humans and weapons into this country.

Of course there were the two young Ecuadorean girls who were simply dropped off the border wall into the U.S. by their smuggler, who probably didn’t know or care if someone would find them before they succumbed to the desert elements. And then there’s the case of the six month old baby girl thrown from a raft into the Rio Grande River last month, probably as a way to force the Border Patrol to focus on a river rescue while the rest of the raft occupants tried to sneak into the U.S. undetected.

Congresswoman Beth Van Duyne (R-TX) recently visited the border and reported that many children are now simply being left at the river with phone numbers of relatives in the U.S., most of whom are likely here illegally. The incessant surge of children has resulted in 34 percent of Border Patrol agents being pulled off the border in order to babysit.

Overcrowded detention facilities, while COVID continues to ravage the country, remains an ongoing problem. Representative Buddy Carter (R-GA) noted that a facility that he visited had a capacity of 250 but was actually warehousing more than 5,000 people.

Thankfully, the dangers these kids face have not gone unnoticed. The president of Guatemala recently criticized the Biden administration, scolding it for sending mixed and confusing messages about their welcoming of illegal aliens – particularly illegal alien children – into the U.S. “So a huge wave of migrant unaccompanied children starts, that’s a matter of concern because as soon as they cross the border between Mexico and the U.S., they fall into the hands of cartels for prostitution networks and so on,” he said.

The other side of this tragedy, which is getting very little media attention, is the success at which people looking to evade detection while entering the U.S. illegally – notably those with ties to terrorism, criminal aliens, and human and drug smuggling – are entering undetected in massive numbers.

Border Patrol agent Art del Cueto recently noted that in the Tucson sector alone, tens of thousands of “got aways” or those who make it into the U.S. undetected, was a serious public health and public safety issue. “I can tell you here in Tucson Sector, because agents are having to deal with the unaccompanied juveniles and the family units, year to date — this is just a guess — they’re looking at over 40,000 people that have gotten away.”

The final point to make about this crisis is that it’s making the Mexican cartels filthy rich, with some estimating they are making nearly $14 million per day with their human smuggling operations. Representative Ronny Jackson (R-TX) recently noted that illegal immigrants being held in Corrizo Springs, Texas, have acknowledged that they will be forced to ‘pay off’ their debts to the cartels – which their families can not afford, by going to work for the cartels once they’re in the U.S.

The administration not only refuses to send Border Czar Kamala Harris to the border, it appears they are expecting the situation will get much, much worse before it gets better. Unfortunately, instead of talking about deterring future illegal immigration, the administration is instead focused on making the processing more efficient. An early April trip by the House Judiciary committee was told that the administration will soon be able to process 60,000 children every 24 days. That’s hundreds of thousands of kids coming into the country over the next year.

We’re soon to face a self-inflicted humanitarian crisis with no end in sight. The public should be very concerned.

Dave Ray is communications director at the Federation for American Immigration Reform (FAIR) in Washington D.C.

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