Hillary Clinton Turned $1,000 Into $99,540, White House Says
By
Stephen Labaton
The White House said today that in 1978 Hillary Rodham Clinton invested $1,000 in commodities futures and that the investment grew in 10 months of trading in the notoriously volatile market into a gain of nearly $100,000.
Seeking to dispel suggestions that the trades were risk-free and improperly arranged by an Arkansas lawyer who represents one of the state's most powerful companies, the White House issued a statement this afternoon that said the First Lady had put up her own money and that she bore all of the financial risks in a marketplace where three out of four investors lose money.
The officials also released a year's worth of brokerage statements from one of Mrs. Clinton's two accounts. They show winnings outrunning losses about three-to-one. 'Too Nerve-Racking'
Senior advisers to President Clinton and his wife said in a briefing this afternoon at the White House that Mrs. Clinton based her trades on information in The Wall Street Journal, and that she stopped trading by 1980, despite her success, because, as one senior aide put it, "she did not have the stomach for it any more and found it to be too nerve-racking."
In its statement, the White House said Mrs. Clinton accumulated trading profits of $49,069 in 1978 and losses of $22,548, for a net gain of $26,541. In 1979, the White House said, she had trading profits of $109,600 and losses of $36,600, for a net gain of about $73,000.
Hillary Clinton Turned $1,000 Into $99,540, White House Says (Published 1994)
was there any proof of insider trading?
nyet.
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on the other hand:
Donald J. Trump Pays Court-Ordered $2 Million For Illegally Using Trump Foundation Funds
Trump Ordered to Pay Eight Separate Charities $250,000 Each
Remaining $1.8 Million in Trump Foundation Bank Account Disbursed Among Charities
NEW YORK – New York Attorney General Letitia James today released the following statement after Donald J. Trump was forced to pay more than $2 million in court-ordered damages to eight different charities for illegally misusing charitable funds at the Trump Foundation for political purposes:
“Not only has the Trump Foundation shut down for its misconduct, but the president has been forced to pay $2 million for misusing charitable funds for his own political gain.
As part of a
resolution of the lawsuit announced on November 7th, Trump was ordered to pay $2 million, or $250,000, a piece to eight different charities. Those charities are Army Emergency Relief, the Children’s Aid Society, Citymeals-on-Wheels, Give an Hour, Martha’s Table, the United Negro College Fund, the United Way of National Capital Area, and the U.S. Holocaust Memorial Museum.
Additionally, Trump was forced to reimburse his namesake foundation $11,525 for sports paraphernalia and champagne purchased at a charity gala, which was added to $1,797,598.30 already in the foundation’s bank account. The combined $1,809,123.30 was split evenly and recently transferred to the eight agreed upon charities. Each charity ended up receiving a total of $476,140.41.
Additionally, as part of the settlement, Trump was required to agree to 19 admissions, acknowledging his personal misuse of funds at the Trump Foundation, and agreed to restrictions on future charitable service and ongoing reporting to the Office of the Attorney General, in the event he creates a new charity. The settlement also included mandatory training requirements for Donald Trump Jr., Ivanka Trump, and Eric Trump, which the three children have already undergone. Finally, the settlement required the Trump Foundation to shutter its doors last December and dissolve under court supervision.
Donald J. Trump Pays Court-Ordered $2 Million For Illegally Using Trump Foundation Funds | New York State Attorney General
oh please ...
LOL
damn them pesky facts.