Venezuelan Osorio fundraised for Hillary and supported the Clinton Global Initiative. Osorio got nailed b/c he falsified federal applications and bilked US taxpayers to score a loan of $10M tax dollars to build homes in earthquake-ravaged Haiti. Osorio was convicted of financial fraud, using federal “humanitarian assistance for personal benefit,” and got 12 years in federal prison.
BGRND The outstanding cable TV anthology show “American Greed” did a segment on Venezuelan fraudster (now jailed) Claudio Osorio. Osorio, a Venezuelan schemer, organized high profile fundraisers, and was in thick w/ Democrats Obama, Hillary and Bill-——and with Jeb Bush.
Osorio donated some $80,000 to Hillary Clinton and Barack Obama, according to Federal Electoral Commission records. Osorio also donated mega-bucks to the Clinton Global Initiative Foundation.
Osorio’s shell company, Innovida, submitted falsified documents and received $3.5 million in loans from the US govt——the US Overseas Private Investment Corporation (OPIC) supposedly to build homes in Haiti after the catastrophic earthquake.
In September 2011, OPIC began questioning Innovida’s “negative operating cash flow.”
A court appointed receiver in charge of investigating Innovida’s finances indicated that “$37.5 million in funds had been moved offshore, but he had so far been unable to find out what happened to the money.”
Osorio has used his constitutional privilege of invoking the fifth amendment right against self-incrimination when asked if company funds had been used to pay personal expenses.
Osorio was indicted on two counts of wire fraud and one count of major fraud, amongst other charges. Federal prosecutors said Osorio defrauded investors from 2007-10, exaggerating the company’s finances and pocketing millions of dollars to fund a lavish lifestyle.
The SEC claimed that Osorio had illegally used investor money to pay for a Miami Beach mansion, a Maserati car and a Colorado mountain retreat home.
AM/GREED also aired a pic of Jeb Bush sizing-up Osorio’s pre-fab housing project for Haitian refugees (which turned out to be a scam).
Jeb is such a conservative (socialist)