Hillary Clinton's financial disclosure omitted 'pass-through' company used by..."

DailyMailUK ^ | 26 May 2015 | Staff

[LucyT]

The newly released financial files on Bill and Hillary Rodham Clinton's growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family's finances.

Because the company, WJC, LLC, has no financial assets, Hillary Clinton's campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton's private office and the Clinton campaign said.

Former president Bill Clinton uses a shell company called WJC, LLC to move money from his clients to his own pocket

Since the company's accounts are typically empty after each transfer, Hillary didn't have to disclose its existence

Because the company, WJC, LLC, has no financial assets, Hillary Clinton's campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton's private office and the Clinton campaign said.

They were responding to questions by The Associated Press, which reviewed corporate documents.

The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president's finances on the record, said the entity was a 'pass-through' company designed to channel payments to the former president.

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[hoosiermama]

When Obama can no longer give them a presidential pardon

[Jmouse007]

“Pass through” MONEY LAUNDERING CENTERS. Hildabeast Jezebel and Horney Dog Bill are evil to the core and a scurge upon America!

[Liz]

THIS JUST IN---Another layer of Clinton duplicity: Bill Clinton's top-secret company, "WJC, LLC," has no financial assets so Hillary was not required to report it. The Associated Press reviewed corporate documents and were told by officials the LLC entity was a 'pass-through' company designed to "channel payments" to the former president's pockets.

(Officials spoke to AP on condition of anonymity because they were not authorized to provide private details of the former president's finances on the record.)

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LET'S ASK BERNIE---When he finally went to jail, investigators found Ponzi king, Bernie Madoff, had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funneled to Madoff through a dozen so-called funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that was structured to look like perfectly legal so as to avoid scrutiny. And it worked.

Although he was jailed for running a Ponzi scheme for 25 years..... Madoff's usefulness was helping billionaire tax-exempt foundations launder money and evade taxes.....the IRS accepts "losing money" as a tax write-off.

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Clinton's MO is to travel the globe....his secret accounts, business interests, and other evidence of his money laundering, are everywhere.

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REFERENCE The term "LLC" after an entity means the principal(s) use many different titles....such as member, manager, managing member, managing director, chief executive officer, president, and partner. This calculated legal flexibility makes it difficult to determine who actually has the authority to enter into a contract on the LLC's behalf.

[Liz]

A DIZZYING FLOW OF MONEY THRU THE CLINTON FOUNDATION--
connecting the dots:

L/E investigating the Jeffrey Epstein pedophile case found Bill Clinton listed w/ 21 phone nos and email addresses. Why does Clinton have 21 phone nos and email addresses? Because L/E knows multiple phone nos and emails are connected to money laundering and tax fraud.

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Interestingly, L/E found Clinton's pal Doug Band also listed in Epstein's records. Why is this interesting?

The Buckraking Clinton Foundation sucking up foreign donations is morally reprehensible----but the real crimes are what they do with the corporate/foreign monies once its in their Foundation's tax-exempt coffers. So how do the Clintons launder all that money?

EXHIBIT A Doug Band heads "Teneo"--one of Huma Abedin's so-called clients AT THE SAME TIME she worked for Hillary at the State Dept.

EXHIBIT B At one time, Teneo also employed Bill for $100,000 a month when Teneo was retained by Goldman Sachs'er Jon Corzine.

EXHIBIT C Corzine's MF Global investment fund later had $1.5 billion missing.

EXHIBIT D Then-Secy of State Hillary gave her close aide, Huma Abedin, “State Dept special status" Abedin, reportedly had private email addresses on the Clinton email server system (underlining Democrats' greatest fear: the intersection of undisclosed foreign donations to the Clinton Foundation and Hillary Clinton’s secret email address. Huma Abedin's sweetheart deal: (1) an outside private six-figure consultant at the State Department, and, (2) “special government employee” status, and worked a sideline---as a private contractor.

EXHIBIT E Huma's so-called "client"----Teneo Holdings----is self-described as a dual-track political/banking consulting firm that calls itself the “next chapter in strategic advisory.”

Here's then-US Sen Hillary cozying up to then-US Sen Corzine.

Here, Corzine was fresh out of the Goldman Sachs executive suite---
had bought his Senate seat for $60 million and then bought the NJ governorship.

EXHIBIT F Wall Street types like Corzine know how to make tons
of money disappear faster than a cream puff at a Weight Watcher weigh-in.

[lonestar]

How is this different from ENRON?

[Liz]

How is the Clinton operation different from ENRON?

Must be those licensed CPAs who deal with the Clintons financial affairs simply made a clerical error b/c several years of falsified Foundation IRS filings are being restated as we type.

LOTSA VERSIMILITUDE W/ ENRON---Billion dollar "Enron" said it made all sorts of accounting and tax mistakes---then its legendary accounting firm simply collapsed. Enron's CEO was charged criminally but died before being jailed. Enron's CFO went to jail b/c he had established numerous shady entities offshore. The CFO's wife also went to jail for signing falsified tax returns.

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AND THIS When he finally went to jail, investigators found Ponzi king, Bernie Madoff, had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funneled to Madoff through a dozen so-called funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that was structured to look like perfectly legal.

Although he was jailed for running a Ponzi scheme for 25 years..... Madoff's usefulness was helping billionaire tax-exempt foundations launder money and evade taxes.....the IRS accepts "losing money" as a tax write-off.

================================================

Clinton's MO is to travel the globe....his secret accounts, business interests, and other evidence of his money laundering, are everywhere.

===============================================

Here's yet another Foundation clerical error )/snix). Several state and federal agencies the Clintons listed as donors told news outlets they did not contribute to the Clinton Foundation.

<><> EPA said there's no record of donations to the Clinton Foundation.

<><> The “Office of Minority Health and Human Services,” is listed but it's not clear what this donation referred to, or even which federal or state office it came from.

<><> The Arkansas Dept of Human Services received a donor "gift receipt" but said they never expended tax dollars to the Foundation.

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Can all the listed donors who took a tax write-off come up w/ "gift receipt."

[Liz]

At first glance, the Clinton’s lucrative speeches seem to provide the bulk of the couple’s income. Bill's honorariums increased dramatically---earning some $50 million during Hillary's four-year term as secretary of State....including an Irish scholarship fund, a Korean conglomerate, and, a Nigerian newspaper company......each of whom paid Clinton more than half a million dollars for a single speech.

The Wash/Post reports Hillary earned $11.7 million for 51 speeches since Jan 2014.....she pocketed an astonishing $625,000 for two speeches in one day!

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But the calculated Clintons have also sought to branch out into other business activities......though little is known about the exact nature and financial worth of Bill Clinton’s non-speech business interests.

Recent reports indicate the Clintons were party to multi-billion dollar Mideast arms deals....Kazakhstan uranium mines....and Haitian gold mines...and other lucrative business interest which they cunningly intertwine w/ their Foundation do-good activities.

Clinton made a big show of do-goodism in earthquake-ravaged Haiti.

Bill and Canadian mining tycoon Frank Giustra in Haiti June 2014.

That day, the "Clinton Giustra Enterprise Partnership"
launched the Acceso Peanut Enterprise Corp. (Hector Retamal/AFP/Getty Images)

REALITY CHECK Then-Secy Hillary supposedly gave Haiti $3.1 billion tax dollars for Earthquake Relief.

But Haitian-American protesters claim that American aid to Haiti was a cover-for foreign governments to funnel kickbacks of hundreds of millions of dollars to The Clinton Foundation.

For example, gold expert Giustra "gave" the Foundation $100 million....after Bill helped him make billions off uranium deals. Hillary's brother mysteriously got a gold mining license in Haiti.

[hoosiermama]

Thanks Liz. Waiting for the feather that will bring the camels down

[Liz]

NY POST EXCERPT--EMPHASIS ADDED---Under disclosure rules, Hillary Clinton was only obligated to identify the source of her spouse’s income and confirm that he received more than $1,000. As a result, the precise amounts of Bill Clinton’s earned income from "WJC, LLC" "consulting" have not been disclosed, and it’s not known how much money was routed through "WJC, LLC."

"WJC, LLC" was set up in Delaware in 2008 and again in 2013 and in New York in 2009, according to documents obtained by The AP. The company did not appear among holdings in the Clintons’ financial disclosure released last week or in previous Hillary Clinton disclosure reports between 2008 and 2013, when she resigned as secretary of state. Bill Clinton signed a document as its “authorizing person” in a corporate filing in Delaware in 2013.

NOTE A limited liability company is a commonly used business structure that provides tax advantages and limited legal protection for the assets of company owners and and limited legal protection for the assets of company owners and partners.

The purpose of Bill Clinton’s US-based company was not disclosed in any of the corporate filings in Delaware and New York, but State Department files recently reviewed by the AP show that "WJC, LLC" surfaced in emails from Bill Clinton’s aides to the department’s ethics officials.

In February 2009, Clinton’s counselor, Douglas Band, asked State Department ethics officials to clear Bill Clinton’s consulting work for three companies owned by influential Democratic party donors. Memos sent by Band proposed that Bill Clinton would provide “consulting services regarding geopolitical, economic and social trends affecting the entity and philanthropic opportunities” through the "WJC, LLC" entity.

State Department officials approved Bill Clinton’s consulting work for longtime friend Steve Bing’s Shangri-La Industries and another with Wasserman Investments, GP, a firm run by entertainment executive and Democratic party donor Casey Wasserman.

The ethics officials turned down Bill Clinton’s proposed work with a firm run by entertainment magnate and Democratic donor Haim Saban--a major Foundation donor and Clinton intimate--because of Saban’s active role in Mideast political affairs. (NOTE Saban also heads the latino Univision network.)

"WJC, LLC" was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band’s international consulting company, Teneo Strategy LLC. Band’s request said Teneo would use “consulting services provided by President Clinton through WJC, LLC.” State Department officials approved the three-year contract between the two companies. None of the proposals detailed how much Bill Clinton would be paid.

NOTE " Teneo" was one of Huma Abedin's so-called clients AT THE SAME TIME she worked a dual role----employed by Hillary at the State Dept.

[hoosiermama]

Mm? E mails from wjc aides- — cause he doesn’t use e mail. He has his ass-ident do his dirty work.

[GOPJ]

Bill Clinton's top-secret company, "WJC, LLC," has no financial assets so Hillary was not required to report it. The Associated Press reviewed corporate documents and were told by officials the LLC entity was a 'pass-through' company designed to "channel payments" to the former president's pockets.

If the gang bangers at the DOJ don't jump on this - - historians will - - or some lucky lawyer who wants to make a name for himself...

[Baynative]

Was there ever a real medical report issued on what happened to Hillary when she fell down and couldn't talk about Benghazi for two weeks?

Did the trauma erase her memory?

[Baynative]

We all need to start taking note of the people we know who support the idea of Hillary becoming president.

[PGalt]

We all need to start taking note of the people we know who support the idea of Hillary becoming president.

People we know personally and/or via the internet. Yes, it's good to know your enemies, Baynative. Good idea.

Inside workings of possibly the greatest crime family in the history of the republic…and those who support them BUMP!

[LucyT]

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Back to the thread.

A DIZZYING FLOW OF MONEY THRU THE CLINTON FOUNDATION-- connecting the dots:

Begin reading at # 24, also see # 26 , 27 , 29 .

Thanks, Liz.

[hoosiermama]

Via breitbarts link
Xxxxxx

No Qatari officials have been arrested, but Swiss authorities announced Wednesday that they had opened criminal proceedings into the allocation of the Qatari and Russian World Cups. They have also seized documents from FIFA’s headquarters and gained access to the Swiss bank accounts of executives they suspect of “unjust enrichment” and money laundering.

[LucyT]

Was there ever a real medical report issued on what happened to Hillary when she fell down and couldn't talk about Benghazi for two weeks?

Not that I'm aware of.

Did the trauma erase her memory?

Difficult to know. Hillary has always had selective memory loss.

[Baynative]

I brought that up because I have friends looking at a new home who asked me to take a drive by and see what I thought.

I went by on a weekend and the garage across the street was open revealing cars with both Obama and "Ready for Hillary" bumper stickers. I told my friends to move on and keep shopping.

[hoosiermama]

Tonight : if the Swiss have open some accounts to scrutiny will that open them and/or others to FoIa requests ?