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?
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.
EXCLUSIVE: Second Eye-Witness Steps Forward — CONFIRMS Capitol Hill Police Killed Trump Supporter Rosanne Boyland Then Attacked Those Who Tried to Save Her (VIDEO)
Earlier this month Trump supporter and activist Philip Anderson confirmed to The Gateway Pundit that Capitol Police killed Trump supporter Rosanne Boyland on January 6.
Philip knows this because he was next to her when she died. He was holding her hand. And Philip nearly died himself.
Activist Philip Anderson spoke with The Gateway Pundit about the Jan. 6 protests at the US Capitol and how the Capitol police murdered Rosanne Boyland and nearly took his life too.
This was an amazing eyewitness report that has been ignored by the fake news media because it does not fit their narrative. A black Trump supporter was gassed with clouds of pepper spray, pushed down, and then nearly trampled to death as police officers continued to push people on top of a pile outside the US Capitol.
Anderson described how Rosanne Boyland was the first woman killed by Capitol police that day.
Ashli Babbitt was the second woman killed by Capitol Hill police.
This photo shows Philip Anderson nearly unconscious being dragged away by Trump supporters after being crushed under a pile on Jan. 6. Roseanne Boylan was next to him when she died.
The Gateway Pundit spoke with Philip Anderson earlier this month — six months after the Jan. 6 protests and rally.
Philip Anderson fell and was being smothered as police officers continued to push Trump supporters on top of him. Philip told The Gateway Pundit how he was holding Rosanne’s hand when she died.
Philip posted this on social media before his account was taken down.
Via Make America Stop Hate on Instagram.
Today we have a second eye-witness to Rosanne Boyland’s death by Capitol Police.
TGP reader who wishes to remain anonymous sent this email to us today.
After reading your article about Rosanne Boyland’s death, and the gentleman’s (Philip Anderson) comments on it, I believe I have some to add to that story, since me and 2 others carried Ms. Boyland’s seemingly lifeless body to the double doors while the cops were pepper spraying us and hitting us with their baton… for WHAT??? Trying to save her life???
And a bunch more… Careless police actions, pushing people down on the stairs, people almost suffocating, etc…
Military looking youngsters advancing through the crowd (crowd that was packed like sardines) towards the doors and NEVER coming back???
I still have flashbacks, nightmares, PTSD over it…
Just wanted to tell you, it wasn’t like most of the media wants people to believe, what politicians want people to believe..
Those military-looking kids (I’m almost positive they were Antifa) were really aggressive wanting to break the windows etc, some REAL Trump supporters (specifically there was a lady who almost got in a fistfight with them) tried to stop them saying “This is not what we’re here for, that’s trespassing”…. then, like I said it above, those youngsters disappeared, I’m sure went inside with the police’s help (and never come back) while the cops were tear-gassing us/others…
I was there simply to observe and express my God & Constitution given rights (not to destroy, hurt anyone or occupy!) about a wrongful election… and we were set up!
Sorry for rambling/ranting… I’m STILL upset over the whole thing
Later this morning we spoke with T.
He confirmed to us that the Capitol Hill police killed Rosanne Boyland and then attacked the people who tried to save her with pepper-spray and sticks.
What the hell is wrong with these people?
Here is our discussion.
Trump’s Tax Returns Must be Released to Congress: Department of Justice
The House Ways and Means Committee has long sought the returns, only to be stymied by federal officials.
Rep. Richard Neal (D-Mass.), chairman of the panel, has said he wanted six years of Trump’s tax returns as part of a possible adjustment of federal law concerning tax policies.
The attempt was blocked by the Treasury Department during the Trump administration.
The Department of Justice previously said that refusal did not violate the law, but under a new president is saying officials must hand the returns over to Neal.
“When one of the congressional tax committees requests tax information pursuant to section 6103(f)(1), and has invoked facially valid reasons for its request, the Executive Branch should conclude that the request lacks a legitimate legislative purpose only in exceptional circumstances. The Chairman of the House Ways and Means Committee has invoked sufficient reasons for requesting the former President’s tax information. Under section 6103(f)(1), Treasury must furnish the information to the Committee,” Dawn Johnsen, acting assistant attorney general for the department’s Office of Legal Counsel, wrote in a memorandum (pdf).
The same office ruled in 2019 that Neal’s panel was “disingenuous about its true objective” in seeking Trump’s returns, asserting Neal appeared prepared to “expose” the documents if they were obtained. That decision was wrong, Johnsen said.
Trump did not immediately respond to a request for comment.
Various Democrats after Trump was elected in 2016 launched efforts to obtain his tax returns, which he has refused to release to the public.
Manhattan District Attorney Cyrus Vance Jr. obtained them in February after the Supreme Court declined to intervene.
“In our judicial system, ‘the public has a right to every man’s evidence.’ Since the earliest days of the Republic, ‘every man’ has included the president of the United States,” Chief Justice John Roberts, a George W. Bush nominee, said at the time.
Trump has called investigations such as Vance’s a continuation of “a political Witch Hunt” against him, referring to the long-running probe that examined whether he or his associates colluded with Russia to affect the 2016 election.
Special Counsel Robert Mueller found no evidence of collusion.
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TOP DEMOCRAT INDICTED: NM House Majority Leader Charged with Embezzlement — Total May Top $954,000
The New Mexico House Majority Leader is in serious trouble after being charged in a massive embezzlement scheme.
Rep. Sheryl Williams Stapleton may have embezzled upwards of $954,000 dollars in a racketeering, laundering and illegal kickbacks scheme.
The New Mexico Democrat was the eventual recipient of up to 60% of the government contracts with Robotics Management Learning Systems LCC, a D.C. based company.
Law enforcement agents have executed search warrants at the home and business of state Rep. Sheryl Williams Stapleton.
According to a filed warrant, she is under investigation for racketeering, money laundering and receiving illegal kickbacks.
In April, newly-appointed Albuquerque Public Schools Superintendent Scott Elder submitted a letter to the New Mexico Attorney General Hector Balderas referencing “Suspected Violations of Governmental Conduct Act and Procurement Code.”
According to the warrant, every invoice issued by Robotics to APS was for an even dollar amount, no cents, and in unchanging amounts over the years. Most were reportedly for $40,000. In all, APS paid Robotics more than $5.3 million.
Rep. Williams Stapleton is also directly involved with four companies that received payments from Robotics: The Charlie Morrisey Center for Creative Assitance Inc., the Ujima Foundation, S. Williams and Associates, and local restaurant A Taste of The Caribbean.
Evidence suggests that she was eventual recipient of 60% of the APS money — $954,386. Investigators are looking into additional payments that were redirected into her personal bank accounts.
State Democrats said they were “shocked and dismayed” with the allegations against their crooked cohort.
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