Clinton Son-In-Law’s Investment Fund Shut Down After 90% Loss

Hillary Clinton’s son-in-law, the mediocre money manager Marc Mezvinsky, is shutting down a special Greece-focused investment fund that had lost nearly 90 percent of its value over the past two years.

The Eaglevale Hellenic Opportunity fund, which had raised $25 million from investors, was pitched as a bet on economic recovery in Greece—that hasn’t panned out, exactly. The fund reported a 48% decline in 2015, when Mezvinsky told investors that his firm’s predictions about the Greek economy had “proved incorrect,” and hasn’t recovered.

Mezvinsky, who married Chelsea Clinton in 2010, founded the investment firm Eaglevale Partners two years later with the help of Goldman Sachs CEO Lloyd Blankfein, a prominent Hillary Clinton supporter. Billionaire investor and Democratic megadonor Marc Lasry was also an early investor in Eaglevale.

The firm, which manages about $330 million in total, is down 1 percent on the year, which is slightly worse than average for hedge funds. Since its inception, Eaglevale has posted what the New York Times described as “uneven performance.”

Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time. The couple lives in $10 million luxury condo in Manhattan’s trendy Flatiron District.

Mezvinsky’s father, former congressman Edward Mezvinsky, served five years in prison for stealing money from his friends, family and associates through a series of crude scams.

(Excerpt) Read more at judicialwatch.org ... On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence. Clinton told Amr, “I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline… otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”

After referring to Benghazi, Secy Clinton’s telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a “very successful investment visit led by my deputy Tom Nides, and on the very day they left, this series of incidents began to unfold.”

According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for “communications with donors” to the Clinton Foundation. Nides was also involved in the scandal involving Clinton’s efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky.

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Then-Sen Hillary made a special effort to make friends w/ Wall Street.

Then-US Sens Clinton and Corzine.

Corzine was fresh out of Goldman Sachs executive suite. Corzine came from Wall Street to Capitol Hill. Then back to Wall Street to head a company that hired Bill Clinton @ $50,000 per month, AND also misplaced $1.3 Billion investor dollars.

=============================================== Goldman Sachs top echelon are nuts for Hillary. The G/S biggies "invested" in Hillary's SIL's hedge fund. SIL's cockamamie investing turned the fund into an economic disaster according to the WSJ.

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THE CLINTON CORZINE CONNECTION: The NY Post reported Dec 2011 that Teneo was advising MF Global, the doomed international brokerage firm headed by former New Jersey Gov. Jon Corzine (and ex-US Senator). The firm paid Teneo an eye-popping $125,000 a month as it was imploding and losing millions for its investors. Bill Clinton was also pocketing at MF Global--- an astounding $50,000 per month.

EXHIBIT ONE Corzine was fresh out of Goldman Sachs executive suite, buying his NJ Senate seat office for $65 million; then buying the NJ governorship. Out of office, he ran a hedge fund where $1.5 B went missing....its advisor Teneo was connected to both Bill Clinton and then-Secy of State Hillary's top aide Huma Abedin.

EXHIBIT TWO When Chelsea Clinton's husband started a hedge fund, he gained access to investors who had ties to the Clintons and to Goldman Sachs. Back in 2011, Mezvinsky, now 37, and two former Goldman Sachs'ers — Bennett Grau and Mark Mallon — began raising money for Mezvinsky's Eaglevale Partners LP hedge fund.

Some of Mezvinsky's "investors" included Goldman Sachs CEO Lloyd Blankfein. Blankfein, a slavish Democrat supporter, said he had "always been a fan of Hillary Clinton."

The WSJ reported extensively on the hedge fund's underperformance since its inception and Mezvinsky's mediocre investing and strategizing.

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THIS JUST IN---Bloomberg is reporting G/S's CEO Lloyd Blankfien is a newly-minted billionaire---and also has his own Foundation.

Mmmmmmmm....the sound of wire-transfers is almost palpable.

The IRS says the biggest tax evasion fraud is one Foundation writing a check to another Foundation. The check receiver takes a cut, then wire-transfers the bulk to an offshore bank for the check-writer's use later ----- the way these "humanitarians" skim off-tax free dollars for themselves.

Chelsea's FIL, former Democratic congressman Edward Mezvinsky, sat on the House Judiciary Committee that decided the fate of Richard Nixon. He was outspoken saying that Nixon was a crook and a disgrace to politics and the nation and should be impeached.

Later, Mezvinsky served seven years in prison for stealing money from his friends, family and associates through a series of crude scams. Sap-happy Mezvinsky was targeted as a likely subject for the infamous Nigerian black ink scam. More below.

Edward, a lawyer, was married when he met Chelsea's MIL, Marjorie----they soon got married---but divorced after Edward got conned into several notorious Nigerian-based email financial frauds guaranteed to make you rich.

In his haste to get rich quick, to raise money to get in on these "heaven-sent" investment schemes, Edward defrauded many of his friends and business contacts.....including Marjorie's mother.

Alas, when the Nigerians got their hands on Ed's money, they did a 23 skidoo. Having failed to come up w/ payback, Edward got nabbed by the long arm of the law. Mezvinsky pleaded guilty to 31 of 69 felony counts. He did hard time----spent 7+ years in a federal prison w/ no chance of parole, and still owes $10 million in restitution.

Democrat Congressional 2014 candidate Marjory Margolies is also no stranger to the dollar disease. Because of her husband's felony convictions, she filed for bankruptcy. But the court would NOT discharge her of her debts, finding that she could NOT explain where some $1 million in assets had vanished, in the previous 4 year span...during Mezvitsky's crime spree.

In their heyday, Ed Mezvinsky and then-wife Marjorie, herself a former Democratic congresswoman from Pennsylvania (an ex-TV reporter---and recent election loser), were part of the political and social elite in Philadelphia.

The Mezvinskys were close to Bill and Hillary Clinton and were frequent guests at the White House. Prosecutors say Mezvinsky exploited his ties to the Clintons, including his son's relationship with Chelsea, to woo investors to contribute more money to the Nigerian schemes.

In an interview with Des Moines Register from prison in 2003, Mezvinsky said he found the notoriously fraudulent Nigerian Black Ink scam "convincing."

"The Nigerian man came out with a chemical, threw it on the money, and it all turned to $100 bills. He gave me 10 to have them tested back home. And they were real," Mezvinsky told a reporter.

LOSSES GALORE: 2014 candidate Marjorie was flacked by the Clintons but lost her bid to get back into Congress.

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