President-elect Donald Trump’s unprecedented win has devastated the once formidable Clinton political machine causing the Clinton Global Initiative, the centerpiece initiative of the Clinton Foundation, and the former first couple’s political and financial power structure to shut down.
According to a notice filed with the New York Department of Labor, the Clinton Foundation will lay off 22 members of the Clinton Global Initiative.
The initiative apparently became unsustainable after Hillary Clinton’s defeat, as foreign governments began reducing or even withdrawing their donations. The Australian government, for example, ended a decade of funding the organization, and the government of Norway reduced its contribution by more than $15 million, WND reported.
The abandonment of CGI soon after the Clintons lost political power will only further accusations the foundation was the hub of a “pay-to-play” network of influence peddling that existed to personally enrich Bill, Hillary and Chelsea Clinton.advertisement - story continues below
Indeed, one of the reporters who has been investigating the Clintons for years and whose articles and book helped expose corruption in the Clinton Foundation said the Clintons are “running scared.”
Jerome Corsi, an investigative reporter at WND and a New York Times bestselling author, focused on the evidence of corruption in the foundation’s financial reports in “Partners in Crime: The Clintons’ Scheme to Monetize The White House for Personal Profit.”
He argues shutting down CGI is a defensive action.advertisement - story continues below
“The Clinton criminal enterprise is finally sputtering to its end, but that doesn’t mean people should walk away,” Corsi said.
“Actually, there is a great deal of evidence to suggest the Clinton Global Initiative is shutting down simply to avoid a further criminal investigation. But this only means it is more important that such an investigation take place. The fact they are shutting this down shows they are running scared.”
Clinton Foundation corruption also was uncovered during the presidential election campaign by investigative reporter Peter Schweizer, the author of “Clinton Cash,” which exposed the “pay-for-play” schemes.
Edward Klein’s “Guilty As Sin” and “Gary Byrne’s “Crisis of Character” also unveiled Clinton corruption.advertisement - story continues below
In “Clinton Cash,” Schweizer recounts how the Clintons, who claimed they left the White House “dead broke,” have personally taken in more than $130 million since.
“Where did the money come from? Most people assume that the Clintons amassed their wealth through lucrative book deals and high-six figure fees for speaking gigs,” the book poses.
Corsi argues the Clintons used their foundation to commit inurement, the criminal offense of running a charity for personal profit. Unlike bribery, which requires proof of an explicit quid pro quo, proving inurement can be done simply through scrutiny of financial records.
“The Clinton Foundation was simply a grifter scheme,” Corsi declared. “Ultimately, how did Bill and Hillary Clinton, who have never held a job except for the Clinton Foundation, become so wealthy? It was because they used the massive donations that were given to the Clinton Foundation to personally enrich themselves. And we know this because financial reporting shows the money spent on the supposed programs of the organization was far less than the money which was taken in.
Corsi said analysis of the financial statements is essential.
“A close look at the financial records means the Clintons will literally be caught in the act,” he said. “It’s the exact same kind of thing that was used to bust Al Capone – and the Clintons’ criminal empire is much more far-reaching than Capone’s.”
For example, Corsi alleges the many millions of dollars the Clintons took in speakers’ fees were funneled through a dummy corporation called WJC LLC.
Corsi argues Bill Clinton essentially engaged in money-laundering by taking the money from speaking fees, using a “pass-through” account at his dummy corporation to transfer it to other nominal accounts. The scheme made it impossible to show whether or not the speakers’ fees Bill Clinton received were foundation-related. Consequently, the Clintons’ had created a way for donors to transfer money to them personally.
Corsi compared the Clintons to mobsters or drug dealers who use supposedly legitimate organizations to launder money, making it impossible to trace.
“The Clinton Foundation, despite its Byzantine complexity and the complication of its financial records, ultimately rests upon a simple model,” Corsi said. “Donations are taken in to supposedly help out with severe global programs or whatever crisis is dominating the headlines at the time, such as what happened with the Haitian earthquake.
“Bill and Hillary Clinton’s connections to foreign governments and to the wealthy and powerful facilitate these donations. The Clintons then use their political power to direct policy to reward donors. They also launder the money through various mediums to redirect it to cronies or to themselves personally,” Corsi said.
“The system rests upon two things: Inurement, because obviously much of the money coming in for charitable ends is not going to those recipients, instead going to the Clintons and their cronies. Analysis of the financial records can prove this. And, of course, they need political power, which they no longer have.
“So absent political power, they are closing down the foundation to try to avoid an investigation of inurement, which is something I call for in ‘Partners in Crime.‘”
Read the full story at WND.