Posted on 03/08/2008 10:57:44 AM PST by paul in cape
Ethical questions have arisen about former U.S. President Bill Clinton's $700,000 sale of stock given him by a failing Internet company founded by a felon.
Clinton got the non-publicly traded Accoona Corp. stock in 2004, the year the company was created, as a gift for speaking at a company event, The Washington Times reported. Valued at 66 cents a share when issued, he sold the 200,000 shares at $3.50 per share to an undisclosed buyer in May 2006, while the company, backed by the Chinese government, was reporting losses in the tens of millions of dollars.
His wife, Sen. Hillary Clinton of New York, had not announced her intention to seek the Democratic presidential nomination when Clinton sold the stock and plowed the proceeds into the William J. Clinton Foundation, the newspaper said.
The sale was listed on the foundation's tax returns reviewed by the Times. Some ethics experts said they were troubled by the lack of disclosure about the buyer specifically, and the activities of former presidents' foundations generally.
Sheila Krumholtz of the non-partisan Center for Responsive Politics, which studies political money and ethics, said former presidents aren't required to disclose donations and stock transactions to their foundations, but they should to avoid the appearance that money was buying special access.
Accoona, based in Jersey City, N.J., was co-founded by Armand Rousso, who pleaded guilty in 1999 to federal money laundering and other charges. The China Daily Information Co., a subsidiary of the Chinese-controlled newspaper China Daily, holds nearly a 7 percent stake in Accoona.
Hmmmm. Looks like a story to follow.
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Yup!
- and a reduced tax on the investment income too!
How to launder a huge bribe
Hillary’s futures deal Part II
I don’t keep up on all of this like you do. Wasn’t it just this past week that they were connecting Obama with Rousso?
Or was it a similar name?
Heading to bed, it’s later than you think, lol!!
Okay...I now believe he wasn’t serious at all about being President.
Anyone who is being serviced while talking to a Congressman isn’t serious.
He was going for the “goodies” after he left office.
Apparently, he knows how to get those goodies, too.
[He was going for the goodies after he left office.]
I can remember when Hillary said ‘we have never owned a house’. Well, they lived on the dole and now they’ve made up for lost time and accumulated millions!!
Heading for bed DC, night!
I don’t know about $700K, but I just won $7 on the Powerball. ;-)
Hundreds of millions!
Nitey nite, potlatch!
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O’Bomber is tied thru financial sweetheart deals to his neighbor Rezco - who is indicted and about to be tried on many felony counts
You don’t think you are going to be allowed to keep it , now do you?
It’s just sex! Come on people!
Rousso, Rezco, similar and both Italian names I ‘think’.
Well - Howard Dean’s on Steppinalloverus’s show now!! Thought I’d missed it.
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I think Rezco is a Syrian
Dean has more mischief planned
[I think Rezco is a Syrian]
Lol, not many Italians in my area so I think in terms of the old Mafia movies. - They all sound similar to me.
When I think of Dean I think of yelling and screaming!
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I only caught a brief part of the Dean thing
Something about him controlling appointment of more delegates
[I only caught a brief part of the Dean thing]
I missed it too, my daughter called when he was on!
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If there is anything Dean and the others can do to foul up their primaries and selections more you can depend on them to do it
THey are blaming the Republicam majority in he Florida legistlature but the democrats were in on the early primary date and Dean set the punitive rules if states went against the DNC
Watching C-Spam I saw dems at the Kennedy School at Harvard showing how ignorant of politics and the primary processes when then whined about Republicans voting in open primaries for a democrat - as in Texas
“It’s not fair!” “It is not democratic!”
Yet they defend their unelected backroom Super-Delegates as “representative”
James Roosevelt was on spinning his BS with an ex-reporter and a liberal professor
It was a 3 member radical liberal democrat panel - and the Harvard students and others asking them questions could not pass a HS Civics quiz
All morons!
I'm not a securities expert, but isn't that fraud?
Good remarks devolve.
Yes, I watched several episodes on different shows this morning. Makes you wonder how many endless ways different people can SPIN a law, a rule, etc. Lies, just endless lies and twists and turns.
Hillary broke the rule they had agreed upon about Florida. It makes me sick to listen to them try to find ways to get by it and give her the votes.
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Expect Hillar! to turn up the heat on O’Bombarecuitingcenter
It worked in Ohio and Texas and would most likely work in Pennslyvania now too
No question she will win Pennsylvania. I know what I’ve heard from relatives up there over the years.
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