Sunday, May 14, 2017

Charles Ortel: 'Clinton Foundation Is Largest Charity Fraud'

You are all probably well versed in this scandal, but I think this video is rather good. Charles Ortel is a moderate conservative and I rather like him.

He was very clever at school and then went on to do very well in banking. He retired at 46 years old to look after his children after the sad loss of his wife. This gave him plenty of spare time and there is nothing be likes more than very complex financial and auditing problems. He did research to set up his own financial advisory firm and looked into AIG and GE to get some ideas and then he found massive financial irregularities there. He then decided to look at a charity and he chose the Clinton Foundation only to find that $3 billion wasn't accounted for. He says that there could be up to $100 billion missing if you take in the affiliates.

Some people say this is a conspiracy theory but Charles Ortel has put out all his research and auditing of the Clinton Foundation online for everyone to see.

As reported by Free Beacon, Ortel has been hailed as “one of the finest analysts of financial statements on the planet” by the Sunday Times of London in relation to his research into such companies as AIG and GE, the latter of which he started looking into as a refresher on researching current companies before starting his own financial advisory firm. He didn’t expect to uncover a company on the verge of financial disaster.

“To my shock and horror, as I tore it apart, I realized it was overvalued in the hundreds of millions of dollars. It was a bad bank masquerading as a good industrial company.”
And speaking of bad banks, now Ortel has turned his focus to the Clinton Foundation to expose what he says are shady dealings by the former president and the woman who wants to be our next president. In 2015, he decided to start taking it apart to see the inner workings, and said he wanted to pick a complicated entity, even if the Clinton Foundation is still relatively small compared to a huge corporation like GE. Almost immediately, he began running into problems when tax filings and disclosure reports from its major donors weren’t matching up.
“There are massive discrepancies between what some of the major donors say they gave to the Clinton Foundation to do, and what the Clinton Foundation said what they got from the donors and what they did with it.”


Noah Way said...

Good summary but useless without the exhibits.

If they are what he says it's actionable cause to take down the Clintons.

Kaivey said...

If it happens, lets hope it puts a broadside into neoliberalism too. Charles Ortel says no judge in the US will touch it at the moment. They are scared of the repercussions.