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Phydeaux -> RE: Hillary Probed (4/19/2016 4:42:56 PM)
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Among them are Gabrielle Fialkoff, finance director for Hillary Clinton’s first campaign for the U.S. Senate; Frank Giustra, a Canadian mining magnate who has traveled the globe with Bill Clinton; the Chagoury family, which pledged $1 billion in projects to the Clinton Global Initiative; and Chinese billionaire Ng Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Also using the Panamanian law firm was the company founded by the late billionaire investor Marc Rich, an international fugitive when Bill Clinton pardoned him in the final hours of his presidency.
There's nothing illegal about the Clintons' close ties to these various international money-stashers, but it's a reminder of how much of their recent life has been spent hobnobbing with the 1 Percent, and sharing their intimate concerns. Indeed, it's important to note that tax havens, by and large, are not illegal, because the most serious graft is almost always the legal kind -- like the tax codes written by the billionaire-backed politicians that have enabled the massive, kleptocratic upward flow of wealth. At the time the Panama Papers story broke, U.S. tax experts said there was no need for Americans to hide wealth in places like Panama when we have havens right here in places like...Delaware.
In fact, you'll be shocked (OK, probably not shocked) to learn that when Bill and Hillary Clinton found themselves in private life and making the real dough, the couple was involved in the creation of five Delaware corporations -- three related to the Clinton Foundation non-profit, one for Bill's "consulting" fees, and one for a $5.5 million Hillary book advance. Why take advantage of the low tax rates and limited public-disclosure laws of the American Cayman Islands? I guess that's what Delaware offered.
Read more at http://www.philly.com/philly/blogs/attytood/Hillary-the-Panama-Papers-and-the-fall-of-kleptocracy.html#IZkRk5PGLFXQAtfe.99
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