excalibur
Diamond Member
- Mar 19, 2015
- 18,109
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The Clinton Foundation is so very corrupt, so very dirty.
www.thegatewaypundit.com
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The Foundation’s agreement with the World Health Organization’s Unitaid was to purchase reduced-priced medicines as an agent. The Foundation’s Clinton Health Access Initiative (CHAI) subsidiary negotiated for reduced-priced drugs with Unitaid advancing funds to CHAI to pay for the purchases shipped overseas by pharmaceutical companies.
Accounting principles required the funds to be held in an escrow account; however, CHAI booked the Unitaid advances as charity revenue and payments as program expenses. CHAI replaced BKD in 2012 with Meyers Hoffman McCann P.C.. Meyers firm corrected the flagrant accounting error for 2011 by restating CHAI’s financial statements and tax return. BKD ignored the restatement when it compiled and audited the 2011 and 2012 consolidated financial statements.
The accounting error from 2006 through 2011 totaled a whopping $483 million overstatement of revenue and expense. The Foundation and BKD never disclosed the monumental blunder, which grossly overstated its consolidated charitable activities and possibly concealed the diversion of funds.
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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 flashing warning sign of possible construction fraud.
Failure to Audit Clinton Global Initiative
The Clintons have resurrected the disreputable Clinton Global Initiative (CGI) six-year hiatus. Last week it held an annual conference in New York City coinciding with the UN General Assembly. Vampires require a host.
Blackrock CEO Larry Fink and Bill Clinton hyping the false virtue of ESG.
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The Dual Test requires that a nonprofit be organized and operated according to its charter. The Foundation was organized exclusively as a Presidential Library, but exploded into numerous unrelated activities, including operating in foreign countries, deviating from its Articles of Incorporation purpose. The Foundation failed the Dual Test as a tax-exempt organization that would make it subject to Federal and state taxation.
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Kudos to the Arkansas Accountancy State Board for pursuing and disciplining BKD, but the firm’s acknowledgment without severe penalties is insufficient. Ethically, BKD should have pulled its audit opinions.
The Foundation’s agreement with the World Health Organization’s Unitaid was to purchase reduced-priced medicines as an agent. The Foundation’s Clinton Health Access Initiative (CHAI) subsidiary negotiated for reduced-priced drugs with Unitaid advancing funds to CHAI to pay for the purchases shipped overseas by pharmaceutical companies.
Accounting principles required the funds to be held in an escrow account; however, CHAI booked the Unitaid advances as charity revenue and payments as program expenses. CHAI replaced BKD in 2012 with Meyers Hoffman McCann P.C.. Meyers firm corrected the flagrant accounting error for 2011 by restating CHAI’s financial statements and tax return. BKD ignored the restatement when it compiled and audited the 2011 and 2012 consolidated financial statements.
The accounting error from 2006 through 2011 totaled a whopping $483 million overstatement of revenue and expense. The Foundation and BKD never disclosed the monumental blunder, which grossly overstated its consolidated charitable activities and possibly concealed the diversion of funds.
...
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 flashing warning sign of possible construction fraud.
Failure to Audit Clinton Global Initiative
The Clintons have resurrected the disreputable Clinton Global Initiative (CGI) six-year hiatus. Last week it held an annual conference in New York City coinciding with the UN General Assembly. Vampires require a host.
Blackrock CEO Larry Fink and Bill Clinton hyping the false virtue of ESG.
...
The Dual Test requires that a nonprofit be organized and operated according to its charter. The Foundation was organized exclusively as a Presidential Library, but exploded into numerous unrelated activities, including operating in foreign countries, deviating from its Articles of Incorporation purpose. The Foundation failed the Dual Test as a tax-exempt organization that would make it subject to Federal and state taxation.
...
Kudos to the Arkansas Accountancy State Board for pursuing and disciplining BKD, but the firm’s acknowledgment without severe penalties is insufficient. Ethically, BKD should have pulled its audit opinions.
BREAKING EXCLUSIVE: Clinton Foundation Auditor Sanctioned - Numerous Material Issues Including the Clinton Foundation and Its Auditor Ignoring $483 Million Error | The Gateway Pundit | by Joe Hoft
Arkansas Sanctions Clinton Foundation’s Auditor in Landmark Case Guest post by Bob Bishop The Clinton Foundation is America’s largest unprosecuted racketeering and charity fraud case.
www.thegatewaypundit.com
