Clinton Foundation Fingered in Massive Corruption, IRS Launches Investigation

IRS 5The woes of Hillary Clinton seem to be getting worst day by day. The leaked emails by WikiLeaks revealed that the Democratic National Committee, the governing body of the Democratic Party unduly favored her nomination to become the party’s candidate in the November polls.

WikiLeaks has promised that its next leak on Clinton will ensure that she is arrested and prosecuted. As all these troubles are looming over her, the latest news is that the United States Internal Revenue Service (IRS) has confirmed that it is investigating the Clinton Foundation over massive corruption allegations. The Clinton Foundation is owned by the Clinton nuclear family.

IRS

Commissioner for the IRS, John Koskinen said the investigation against the foundation is on what is known as “pay-to-play” activities, which is a public corruption. He said the IRS has referred the matterto its Exempt Organizations Program in Dallas to investigate the Clinton Foundation.

The Exempt Organization Program is the division of the IRS that regulates the operations of public foundations and charities. It is the same division that was led by former IRS official, Lois Lerner when hundreds of conservative, evangelical and tea party non-profit applicants were illegally targeted and harassed by tax officials.

The Daily Caller reports that the request to investigate the Foundation on charges of corruption was made in a July 15 letter by 64 House Republicans to the IRS, FBI and Federal Trade Commission.

The petitioners, led by Rep. Marsha Blackburn, a Tennessee Republican said the Clinton Foundation is a“lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated.

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Blackburn told the Daily Caller that she believes the IRS has a double standard because it has been harassing innocent organizations, while ignoring the corrupt one in the country. She said: “They would go after conservative groups and religious groups and organizations, but they wouldn’t be looking at the Clinton Foundation for years. It was as if they choose who they are going to audit and question. It’s not right.”

She revealed she and her colleagues are looking for answers on the Clinton Foundation’s governing policies, including its insular board of directors. Blackburn revealed they are also looking out for conflicts of interest and what she described as “follow the money trail” by the Clinton Foundation.

According to the petition submitted by Blackburn and her colleagues, two companies, Laureate Education and Uranium One, have paid lavish sums of monies to the Clintons, later receiving official government benefits.

Laureate hired former President, Bill Clinton as honorary chancellor of its for-profit 80 universities in 30 countries, paying him $16.5 million over five years. The same Laureate Education donated between $1 million and $5 million to the Clinton Foundation.

While Bill Clinton was collecting this money from Laureate, his wife was serving as Secretary of State under the Obama administration. Take your time and read the next paragraphs.

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The International Finance Corporation (IFC), an arm of the World Bank, invested $150 million in Laureate. It was the largest-ever single IFC investment to an educational company.

The United States government is the largest contributor to the IFC. Again, during that same period, the United States Agency for International Development, which is directly under the State Department, headed by Hillary Clinton awarded a whopping $55 million to the International Youth Foundation (IYF).

Laureate CEO, Douglas Becker is one of the board of directors of IYF. It is on record that the IYF, the Clinton Foundation and Laureate jointly participated in foundation programs.

Again, the IFC also awarded $150 million to another company owned by Frank Giustra, a close friend of Bill Clinton. Giustra donated $100 million to create the Clinton Giustra Enterprise Partnership within the Clinton Foundation. The funds went to Pacific Infrastructure, a company in which Giustra had a significant financial stake.

Giustra also was an owner in Uranium One, a uranium mining company with operations in Kazakhstan and in western United States. Giustra wanted to sell a share of the uranium business to Russia’s atomic energy agency, which required United States approval, including that of Secretary Hillary Clinton. The Russian investment was quickly approved.

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The petitioners said it is clear that the Clinton Foundation, which was tax-exempt only to construct and manage Clinton’s presidential library, never got IRS approval to become a tax-exempt global organization with operations in Africa, Asia, Latin America, the Pacific and the Caribbean. They also added that the board of the Clinton Foundation mainly consists of close friends, business colleagues and big donors to the Clintons

“All charities need to guard against incestuous relationships which limit their ability to be objective. In the Clinton Foundation, we see a lack of diversity within their board. In the Clinton Foundation we have a charity that has never filed the appropriate paperwork,” lead petitioner, Blackburn said.

Many observers have been suspecting the Clinton Foundation for not following due process regarding its operations. A Wall Street analyst who has been investigating the Clinton Foundation, Charles Ortel had previously said the expansion of the foundation into a global giant was not legally approved by the IRS.

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