The Clintons’ 2006 tax return shows that, through a blind trust, the couple acquired an interest of an undisclosed size in a private investment fund known as the Quellos Alpha Engine, based in the Cayman Islands. At the time, the fund was controlled by the Quellos Group of Seattle, one of the world’s largest managers of mutual funds made up of hedge funds. Hollywood mogul Haim Saban is one of the biggest investors in Quellos and is also one of Hillary Clinton’s most prolific fundraisers.
A 2006 investigation into abusive tax shelters by the Senate Permanent Subcommittee on Investigations reported that Quellos used offshore shell companies to engage in fake transactions that generated billions of dollars in capital losses on paper. One series of transactions, the report said, erased more than $2 billion in capital gains that would have been taxed, costing the U.S. Treasury hundreds of millions of dollars in revenue.
Another hedge fund on the Clinton’s 2006 tax return...
Arden Institutional Advisers, a $13 billion hedge funds
Dear Lord.
Hopefully, these bastards got hammered by the credit crisis and finally got what was coming to them.
Stooge
And the reason the Clintons got away with this is...
They are simply doing what other politicians are and have been doing for a long time.
Forcing the tax load down the chain.
Thanks for the info kcvl,here’s a bump.