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Wall Street financial analyst, Charles Ortel, claims he's discovered new evidence that the Clinton Foundation mismanaged, “perhaps intentionally,” financial and regulatory reporting required by US federal and state governments for charities under tax-exempt status.

At the Foundation's lavish Morocco meeting hosted by a king, Bill Clinton was asked by a billionaire donor what Clinton was doing w/ the Foundations' donations.

The Foundation donor referred to the blizzard of adverse publicity that monies sent to the Foundation were not used as intended.

"What is this money for? What have you done with it?," he asked Clinton. The billionaire donor also told Clinton his daughter (a Foundation Board member) felt useless.....b/c apparently Board Members were not advised of some of Clinton's "charitable" activities.

"I just work here," Clinton responded. "I don't know." So if Foundation founder Bill Clinton did not know---and the Board did not know---who knew?

CONCLUSION If Foundation Board members were not advised of, and did not sign off on, expenditures of tax-exempt Foundation donations, the Clintons have a legal problem that could involve violation of tax laws. Board members of Foundations are fiduciaries and are required to oversee the distribution of tax-exempt donations.

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NOTE TO ORTEL 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.