Wednesday, November 18, 2015

Clinton Foundation Runs $20 Million PEU

The Washington Free Beacon reported:

The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest

The line between the firm and the Clinton’s nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundation’s Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday. 
The Clinton Foundation has long been full of conflicts of interest and slipshod accounting.  Those are necessary to send big money to friends.

The firm is managed by Carolina Botero, who is also chief financial officer at the Clinton-Giustra Enterprise Partnership. It lists various Clinton Foundation and CGEP officials as directors in its corporate filings. The Clinton Foundation’s tax returns list Fondo Acceso as a related corporation in which the foundation holds a 50 percent stake.

Colombian companies that want to apply for venture funding from the Fondo Acceso must also sign a contract turning over financial and internal information to both the private equity firm and the Clinton Foundation.
Here are Acceso's affiliates as of a July 2012 presentation:

There's a new method for taking advantage of banana republics, the PEU way.

 The Clinton's helped create the system, thus they know how to navigate PEU waters.