Wall Street Financial Analyst Said 1 Thing That Will END Hillary Clinton
after looking into the Clinton Global Initiative records on more than one year
Charles or tell a financial whistleblower and analysts found major
discrepancies that he says could be fraud he joins me now I just want to
explain to our audience you know you are somebody who looks into these very
detailed financial records it is a ton of work it took you 15 months to do this
you are somebody that correctly identified the problems at both GE and
AIG so this is not a political thing this you know numbers and this finance
is hard work it's your business now looking inside this I've started to go
through your reports you have 40 reports that you're going to be releasing one
thing that jumped out at me I mean there are so many details but one of the
biggest is this idea that Bill Clinton paid himself and collected payments from
something called Laureate for sixteen point five million dollars this is
related to the foundation explain that relationship to us sure in a foundation
unlike typical business activities you're not actually allowed to mix a
not-for-profit work with for-profit work you're strictly not allowed to do it and
Bill Clinton has actually from the very beginning in taking payments from donors
for speeches Hilary's been taking payments for speeches for business
activities that have not been disclosed in the financial filing for the
foundation the way they need to be last week The Wall Street Journal had a big
piece about a two million dollar investment that was a private deal
arranged through the Global Initiative this is a far bigger thing this is a
multi-billion dollar deal that was in trouble that agreed to prop itself up by
hiring Bill Clinton as Chancellor of this for-profit university system
globally sounds like Trump University it's way bigger is it is this illegal is
it fraud I mean this idea of commingling because that's one of the major themes
here is the idea that they mixed for-profit business with their non
profit company and then also government influence what would you call that
I mean is it fraud is it illegal can you go to jail what is that well yeah I mean
there's various aspects to the set of illegal activities there are operating
solicitation frauds and those are the easiest things to understand when you
have a charity and you're soliciting in states in foreign countries you apps
solutely have to file truthful disclosures and you can't Slough it off
on accountants and the executives the trustees are responsible for doing that
and the IRS and the tax authorities don't trust you they require you to get
audits the Clinton Foundation no part of it has ever gotten the compliant audit
inception October 23rd 1990s that's something that's required everywhere I
mean now everyone gets financial audits they're not doing that you say that
there were disclosures on one side about how much people had given and disclosure
from the foundation about what they had been given didn't match what do you make
of that well this is big stuff and it gets to the heart of the controversy the
Lois Lerner controversy the IRS has all this information they have extensive
file so when you have a foundation and you make donations you have to list out
in your filings who who got the money similarly you have to list out on these
filings for the IRS only not for the public who gave you big donations so
anybody in the IRS I did this myself I'm one person it's taken me 15 months but I
took the big donors the big government's the big foundations and I looked through
their filings and compared them what they said they get to gave to the
Clinton Foundation with what the Clinton Foundation says it receives in press
releases and in other disclosures and there are massive discrepancies yeah the
final thing you say that they only give I mean and this is something I always
get stuck on they only use 10% of their budget towards charitable good works
what they're actually supposed to do I mean the rest of it amazingly 33% to
salaries and benefits 47% to all of their expenses which raises the question
is this even a charity I mean isn't that the essential question it's absolutely
essential question because you can't just say we couldn't just form a charity
and go off to Europe I mean you have to have a specific tax-exempt charitable
purpose and there is no evidence that the Clinton Foundation was ever approved
to be anything other than a library and research facility in Little Rock yeah
Wow amazing I hope you come back this is the story there's a lot a lot of legs
here for this one thank you Clinton's are adding another check to their list
of controversies Clinton University scandal taking center stage as it is
much bigger than Donald Trump's actually for-profit college named Bill Clinton
honorary Chancellor a position that paid him sixteen point five million dollars
over five years chump change no one's talking about this no now here
now is Charl or Charles or tell he's the whistleblower who previously found major
gaps in the foundation so much of the Clinton finances let me ask you about
this one so he's getting paid why laureate at the same time that laureate
has business before the State Department Hillary Clinton is in charge and they're
giving money to laureate laureates giving money to Bill Clinton I mean how
is that what am I missing because that sounds like it's a major scandal first
of all let's talk size we're talking here in the laureate transaction it's a
four billion dollar transaction when it was originally completed in August of
2007 so it's sizable it came together just as the credit crisis was unfolding
and a lot of people who were involved in this transaction ultimately were
benefited by the US government citibank goldman other people and this thing the
basic idea of a for-profit university doesn't really make that much sense the
Obama administration is targeted many others but so the disclosures for the
Clinton Foundation and the disclosures from laureate do not explain even now
even the ones that were amended for the Clinton Foundation in November last year
they don't explain the bill was taking sixteen point five million I don't
explain it how did you figure it out because maybe that's the problem why
they're not getting in troubles because as clearly as we painted it it's not
painted that clearly to the average eye well actually you know where you can
find it is you can find some of this in the SEC filings that are available in
the public domain for two transactions that are now ongoing starting last year
to try to raise money at the laureate level common stock and to exchange debt
at the laureate level those disclosure documents are hundreds of pages of long
and they don't explain these payments nor do the revised Clinton Foundation
filings so the same regulators who are looking at the laureate transactions the
SEC the state regulators the foreign regulators should now turn their
attention to the Clinton filings and look at these discrepancies are massive
just to explain to the audience out there that that might not know you did a
tremendous amount of work to go through all of these papers and put this
together and no average person can do this I think a lot of government
bureaucrats and officials would have a very hard time doing this you have a
reputation for having done this very accurately in the past before the
Finance crisis and predicting a lot of problems
there and going through the records so I would imagine you went through all this
and then you go and present it to someone right and kind of show them how
to connect the dots have you done that where does that stand I have done that
what I did is I realized that early on this is such a variance today from where
it was fifteen months ago or 16 months ago I mean people even I when I thought
about the Clinton Foundation at first I thought former president aspiring
president Chelsea Clinton PhD a lot of smart
people and money around this the filing should have been great so even I when I
looked at it didn't believe it but then I took it around to a large number of
experts lawyers accounts etcetera satisfied myself that I was right then I
satisfied myself that such overwhelming political consequences great that it
would take time for the public to get it I've taken it to certain state
regulators I've taken it to certain foreign people I wouldn't be the FBI I
mean who would be the IRS well I'm told I mean either the IRS nor the FBI have
approached me I wrote an article last year that was in Fox actually that got a
tremendous amount of coverage why isn't the IRS auditing the Clinton Foundation
and I and I got to believe it work if it weren't so politicized it would be okay
we're not gonna let this go Thank You Charles appreciate your time
all right the Clintons charity facing more scrutiny the IRS confirming and is
looking into pay-for-play claims of the Clinton Foundation this following a
letter from Republican lawmakers urging the agency to review possible criminal
conduct at the foundation here now as Charles or tell the financial
whistleblower who previously found major gaps in the Clinton Global Initiative
records so the last time you were on this is what we were talking about was
when is the government going to look into these claims now the IRS is looking
into it what do you think they're going to find
well the difference with this investigation and others is that there's
extensive evidence already out in the public domain because it has to be in
the public domain the Clinton Foundation and the many different affiliates that
are part of the Clinton Foundation are all public charities as we have this
broadcaster soliciting from the public so the laws around the world require
them to issue their tax returns mostly it entirely the public domain we don't
have a lot of time so I want to drill down there what is it that they would be
looking for because we've seen through the records and for what you've put out
there that they've done things like a country our company's lobbying the State
Department desperately for something money changes hands both at a personal
level for a speech into the Clinton's bank account also into the foundation
for something then miraculously that body gets exactly what they want from
the State Department even in instances like with Etihad Airways and Abu Dhabi
that went against American interests and against American companies we already
know that so what are they looking for is it like a smoking gun email where
they would you know outline the quid pro quo or what is it actually it's slightly
different the issue is that all of the donors the major donors to this
foundation also file with their their governments or with the IRS and there
are massive discrepancies between for example what the Gates Foundation says
it gave to the Clinton Foundation and what the Clinton Foundation may have
declared is coming from the Gates Foundation from unit 8 the biggest donor
from governments around the world in addition this foundation was never
validly authorized to be anything other than a presidential archive so all
solicitations for other purposes okay are illegal so but what that tells you
is they would say off we have sloppy record-keeping we have different
entities where they just made a mistake it's not that big of a deal it doesn't
show pay-for-play actually recently there was a
congresswoman who is now faces 350 years in prison for it $800,000 slush fund
when you have no controls no audits and this volume of money over two billion
sloshing towards a charity the set of charities are out of control
major problems so what is the essential piece of evidence because this is what
it came down to in the email scandal as well that would be the difference
between wow we're just not good at record-keeping oops
which is how the Clintons always get away with everything versus this is
evidence that this is our own personal slush fund
well this foundation has never actually had an audit nobody has ever checked
this foundation that is strictly forbidden and you're going back to 1997
they've never had an audit so in the last time Hillary ran in 2007 ate a
hundred million dollars is missing in that time frame from the Clinton
Foundation books Wow so do you have any hope that this is
going to turn into anything because as soon as we brought this up I mean on
social media Twitter everywhere they said the Clintons are Teflon
they've been stealing forever and do these kind of things forever they never
get in trouble for it they always get out of it and especially now is she's
closer to being president than ever before the difference here is that there
are state and foreign crimes that President Obama cannot pardon he could
pardon federal crimes but not state and not foreign and there are a lot of them
that I see in the books around the world going back almost 20 years Charles were
trusting you to stay on top of this will you stay on top of it come back and see
us I'm doing my best and hoping I don't get hit by lightning or a giant boss
yeah I was going to say coronation child thank you you know what I love about
Charles not only is a great investigator he's a Harvard MBA former investment
bankers so nobody knows how to look into the numbers nobody in journalism as well
as he does it's very very good work friends of Hillary Clinton now say the
family needs to sever all connections to the Clinton Foundation but that might
not be enough to end questions of how it was used to cash in on her position as
Secretary of State and now even the possibility it was used to launder
foreign money here now is Charles or tell he's a financial whistleblower who
previously found major gaps in Clinton records Charles they're several foreign
entities that the Clinton Foundation had they call them little brothers if you
will one of which was in Sweden now this was a time in 2009 until 2014 when
Sweden had a couple of companies big companies like Volvo and Ericsson that
were dealing with Iran and the State Department was reviewing whether that
was proper or not at the same time the little brother Clinton Foundation was
receiving a lot of money from Sweden in the form of checks from the lottery and
other institutions that by the way is their 990 form the Clinton Foundation
that shows the Stockholm branch but switched to how much money they were
getting from this Stockholm branch in 2014 almost 7 billion in 2013 almost 10
million 2012 5 million this was at the same time when the State Department
pulled back on investigating these Swedish companies is there a connection
yeah I think the first point that your viewers should understand is that there
is no real independent check if any of these numbers as is required by federal
a law here so the numbers that you're throwing around there on the 990 have
never been independently verified by anybody so we really don't know whether
that's a lowball estimate a high estimate or what but you're not supposed
to lie to the IRS most of us get in big trouble if we do that absolutely and
even you know the IRS has one set of rules but New York State has an even
tougher set of rules which requires you to reconcile the general line of the
income statement on your 990 of government grants grants and provide
tremendous details Clinton Foundation's never done that since inception but
here's the real question Charles as far as the Swedish group is concerned it
looks like they were shell organization they didn't have an office they didn't
have employees in Stockholm they were just a pass-through swedish companies
that wanted to give money the Clinton Foundation gave it to the Swedish entity
which passed it on to the US Clinton Foundation that seems like money
laundering to me does it does it to you absolutely and there's another provision
that most people don't know about and that is that the u.s. public charity has
to control its foreign operations tightly you're not allowed to have shell
companies around the world you're supposed to have tight controls Board
minutes and you're supposed to have an accounting firm to really check all this
the firm they used in that in the early period 2011 and 12 was the firm called B
KD which really doesn't have any international capabilities to speak of
unbelievable the other thing is they weren't straightforward with the State
Department about about whether this entity even existed correct absolutely
and you know that's just normally a normal human being would be severely
reprimanded by all sorts of governments for this type of activity incredible
stuff Charles or tell thank you very much for digging it up for us we
appreciate it
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