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"The Clinton Foundation’s $20 million off-the-books mystery
By Isabel Vincent
November 5, 2016 | 4:42pm
Bill Clinton seen with philanthropist Frank Giustra in Haiti.Photo: Getty Images
The inner workings of a mysterious off-the-books arm of the Clinton Foundation were partially revealed in the hacked emails of Hillary Clinton campaign chairman John Podesta.
The little-known Haiti Development Fund, an LLC incorporated in Delaware in August 2010, was created by the Clinton Foundation with an initial endowment of $20 million from shady Canadian mining mogul Frank Giustra and Mexican billionaire Carlos Slim.
The Fund was supposed to supply desperately needed seed money to Haitian entrepreneurs after an earthquake devastated the country in January 2010.
But The Post found only one project that it funded with a fraction of the start-up cash.
Since the Fund is incorporated as a private entity and not a non-profit, it is not subject to the same disclosure rules as a public charity.
And the Clinton Foundation never disclosed the Fund as a “related entity” on its tax filings as required by IRS rules. It was only after the Clinton Foundation, under mounting scrutiny and media pressure, “voluntarily” decided to refile five years’ worth of tax returns in 2015 that the Fund appears on the forms.
Carlos Slim (left) and Frank Giustra (right) pose with a farmer in El Salvador.Photo: Reuters
The for-profit Fund was managed by Jean Marc Villain, who was going through a bankruptcy in 2010 when he was working for the Clinton Foundation. The non-profit paid him an annual salary of $100,000 to oversee the Fund, according to pay records attached to the Podesta emails.
"
The Clinton Foundation’s $20 million off-the-books mystery | New York Post
Who the hell would do any business with a dude that has the last name "Villain"?
Clinton loves to fill her camp with folks with Dickensian names, 'Mook', 'Villain'....lol
By Isabel Vincent
November 5, 2016 | 4:42pm
Bill Clinton seen with philanthropist Frank Giustra in Haiti.Photo: Getty Images
The inner workings of a mysterious off-the-books arm of the Clinton Foundation were partially revealed in the hacked emails of Hillary Clinton campaign chairman John Podesta.
The little-known Haiti Development Fund, an LLC incorporated in Delaware in August 2010, was created by the Clinton Foundation with an initial endowment of $20 million from shady Canadian mining mogul Frank Giustra and Mexican billionaire Carlos Slim.
The Fund was supposed to supply desperately needed seed money to Haitian entrepreneurs after an earthquake devastated the country in January 2010.
But The Post found only one project that it funded with a fraction of the start-up cash.
Since the Fund is incorporated as a private entity and not a non-profit, it is not subject to the same disclosure rules as a public charity.
And the Clinton Foundation never disclosed the Fund as a “related entity” on its tax filings as required by IRS rules. It was only after the Clinton Foundation, under mounting scrutiny and media pressure, “voluntarily” decided to refile five years’ worth of tax returns in 2015 that the Fund appears on the forms.
Carlos Slim (left) and Frank Giustra (right) pose with a farmer in El Salvador.Photo: Reuters
The for-profit Fund was managed by Jean Marc Villain, who was going through a bankruptcy in 2010 when he was working for the Clinton Foundation. The non-profit paid him an annual salary of $100,000 to oversee the Fund, according to pay records attached to the Podesta emails.
"
The Clinton Foundation’s $20 million off-the-books mystery | New York Post
Who the hell would do any business with a dude that has the last name "Villain"?
Clinton loves to fill her camp with folks with Dickensian names, 'Mook', 'Villain'....lol
