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Bill Clinton profits from company tied to felon, China
Washington Times ^ | March 7 2008 | Jim McElhatton

Posted on 03/07/2008 12:43:15 PM PST by Daffynition

The spring before his wife began her White House campaign, former President Bill Clinton earned $700,000 for his foundation by selling stock that he had been given from an Internet search company that was co-founded by a convicted felon and backed by the Chinese government, public records show.

Mr. Clinton had gotten the nonpublicly traded stock from Accoona Corp. back in 2004 as a gift for giving a speech at a company event. He landed the windfall by selling the 200,000 shares to an undisclosed buyer in May 2006, commanding $3.50 a share at a time when the company was reporting millions of dollars of losses, according to interviews.

A spokesman for the William J. Clinton Foundation declined to identify the buyer who was willing to pay so much for a struggling company's stock, saying only that the transaction was handled by a securities broker. It occurred seven months before Sen. Hillary Rodham Clinton announced her bid to run for the 2008 Democratic presidential nomination.

The spokesman, Ben Yarrow, declined last week to say whether Mr. Clinton knew about the Chinese government's connection to Accoona or the felony fraud conviction of one of the company's founders.

"President Clinton gave a speech; he did not endorse a product," Mr. Yarrow said.

The $700,000 capital gains was listed on the tax returns of Mr. Clinton's foundation that were reviewed by The Washington Times.

The lack of disclosure about the buyer and the general activities of former presidents' foundations troubles some ethics experts.

CONTINUED

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Crime/Corruption; Political Humor/Cartoons
KEYWORDS: billclinton; bjwillie; clinton; feloninchief; slickwillie; whatisis
Well. Well.
1 posted on 03/07/2008 12:43:15 PM PST by Daffynition
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To: Daffynition

So what has changed?... this is a daily occurance with the Clintons... Won’t see it reported in the MSM unless Obama starts bringing it up.....


2 posted on 03/07/2008 12:47:02 PM PST by Sleeping Freeper
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To: Daffynition

Way, way beyond disgusting.


3 posted on 03/07/2008 12:48:14 PM PST by unkus
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To: Daffynition

This is big.


4 posted on 03/07/2008 12:48:52 PM PST by Jane Austen
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To: Daffynition

NO SURPRISE that the communist in chief did business with the biggest communist country and gained big capitalist bucks


5 posted on 03/07/2008 12:49:00 PM PST by Leftism is Mentally Deranged
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To: Daffynition

O come on, its not like he took money from the communist chinese army or anything-jeesh! /s

BTW-Did Loral, that company that donated all that money to clinton, ever find that missing guidance chip? The one that, when clinton changed the law and allowed them to send the technology to china for a missile launch, got lost in a crash? Weird how just after that chip went missing, China’s ICBMs gained better abilities to target our cities.

All just coincidence, it was all about sex. 20 million new jobs/100,000 new police, blah blah blah


6 posted on 03/07/2008 12:49:03 PM PST by icwhatudo
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To: Daffynition

Corruption? With the Clintons? I'm shocked.........

7 posted on 03/07/2008 12:49:29 PM PST by Red Badger ( We don't have science, but we do have consensus.......)
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To: Daffynition
Did you see the thread about Slick and his new found money.

Somebody made a graph. ...I'll try to find it.

8 posted on 03/07/2008 12:49:44 PM PST by TexasCajun
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To: Daffynition

clinton China...a connection? I’m shocked


9 posted on 03/07/2008 12:50:42 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Sleeping Freeper
Won’t see it reported in the MSM unless Obama starts bringing it up.....

I agree. Unfortunately, Obama doesn't have the guts to bring it up.

10 posted on 03/07/2008 12:50:42 PM PST by T. Buzzard Trueblood
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To: Daffynition
"Look! There's Colonel Wen Ho Do with more campaign cash! "


11 posted on 03/07/2008 12:53:52 PM PST by TexasCajun
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To: Daffynition

Of course this will warrant a feature story by Katie Couric and an expose by the New York Times. (sarcasm)


12 posted on 03/07/2008 12:59:28 PM PST by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: Daffynition
1988: Two penniless grifters from Arkansas.

20 years pass with no real private sector job.

2008: Clinton net worth of $100 million to $200 million.

Never a single media investigation. Never even the slightest interest. Complete 100% media cover-up.


13 posted on 03/07/2008 1:01:29 PM PST by FormerACLUmember (When the past no longer illuminates the future, the spirit walks in darkness.)
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To: Jane Austen; unkus; Sleeping Freeper

I’m so sick of the smarmy people. What will it take to make them go away.


14 posted on 03/07/2008 1:01:42 PM PST by Daffynition (The quieter you become, the more you are able to hear.)
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To: Daffynition

I bet that no matter what the story says...the Clintons themselves are starting to leak this kind of stuff out in anticipation of someday releasing Madame Hillary’s tax return.,p>
Better to get the dirt out in bits than in one lump of you know what.


15 posted on 03/07/2008 1:04:55 PM PST by Dr.Syn
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To: Daffynition

The Clinton’s must think they are immortal.


16 posted on 03/07/2008 1:06:26 PM PST by unkus
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To: red flanker

You voted for ME, fools! The closer I am to the presidency, the closer I am to taking your money, your children, your health...your lives

17 posted on 03/07/2008 1:09:07 PM PST by red flanker
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To: Daffynition

Lies, lies, lies the leader of the most ethical and sexually satisfied administration would not do that.


18 posted on 03/07/2008 1:13:37 PM PST by nukecheese (Paper or plastic? Who cares! We work at the nuke plant.)
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To: Daffynition
The spring before his wife began her White House campaign, former President Bill Clinton earned $700,000 for his foundation...

Note the key word "foundation".

This is how its done these days.

The toughest part of being an ex-president is laundering your money into public view so you can get access to it without having to answer embarrassing questions about where it came from. Its not necessary to launder it all, you certainly don't want to mess with the underlying assets and investments, but you need to launder that part of the proceeds that you need access to.

So you give 20 minute speechettes and pay yourself half a million a pop (yeah, right, someone wants your opinion so badly that he pays you hundreds of thousands to save himself from the trouble of clicking on google). You write books no one reads (actually, you pay someone else to write it) and even if you have to give the publisher a piece of the action, who cares?

You set up trusts and think tanks and institutes and foundations. You don't go after other ex-presidents when you are president, and hope future presidents will pay you the same courtesy as long as you don't make it too obvious.

Why would anyone pay a bribe to an ex-president? They wouldn't. The money was paid years ago. The problem is getting access to it.

19 posted on 03/07/2008 1:15:42 PM PST by marron
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To: FormerACLUmember
Good point. It is much the same with algore, only far less. Only about $100 million.
20 posted on 03/07/2008 1:27:22 PM PST by Jacquerie (McCain will offer battle to Islam - The Obamabeast will offer our heads.)
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To: Daffynition

This is the kind of stuff Obama is going to have to start using against the Clinton crime family. Because they’re sure going to use things like this against him.


21 posted on 03/07/2008 1:35:26 PM PST by Signalman
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To: red flanker

Hillary is a Morlock?...who knew!


22 posted on 03/07/2008 1:46:34 PM PST by Conservative4Ever
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To: Daffynition
This is much ado over nothing. He gave a speech in 2004 and they gave him shares (which were worth substantially less before the Chinese bubble)* worth maybe a couple of hundred grand. Tony Blair just gave a speech in China back in November 2007, and he got $500,000 cash for his trouble. The nature of these speeches has nothing to do with bribery. Thousands of Chinese businessmen sign up for them at about $1,000 a plate so they can have their picture taken with some important foreign personage. These pictures are then framed and placed in each businessman's conference room or office so that any client that comes by gets the impression that the company's proprietor knows that foreign VIP on a personal basis, thereby enhancing his personal prestige.

* In 2004, the Chinese index was around 1400. Today, that index is 4200. That's a triple.

23 posted on 03/07/2008 2:00:35 PM PST by Zhang Fei
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To: Daffynition

More Red Chinese connections for the Klintoon Mob.


24 posted on 03/07/2008 2:33:36 PM PST by TBP
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To: TBP
I know there has got to be a revelation in this news item but I can't find it. (sarc)
25 posted on 03/07/2008 3:23:49 PM PST by Know et al (Everything I know I read in the newspaper and that's the reason for my ignorance. Will Rogers)
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