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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.
A charitable foundation running a private equity fund is “not something one hears about commonly” and is “very concerning,” according to Craig Holman, the government affairs lobbyist at the watchdog group Public Citizen.
Ken Boehm, chairman of the National Legal and Policy Center, a government watchdog group, said the lack of transparency was a troubling. He said the public has a right to know whether any of Fondo Acceso’s companies received U.S. government support while Hillary Clinton was secretary of state.
– From The Washington Free Beacon article: Clinton Foundation Running Private Equity Fund in Colombia
The ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia run deep. This is a topic I explored earlier in the year in the post, This is How Hillary Does Business – An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation. Here’s an excerpt:
The details of these financial dealings remain murky, but this much is clear: After millions of dollars were pledged by the oil company to the Clinton Foundation — supplemented by millions more from Giustra himself — Secretary Clinton abruptly changed her position on the controversial U.S.-Colombia trade pact. Having opposed the deal as a bad one for labor rights back when she was a presidential candidate in 2008, she now promoted it, calling it “strongly in the interests of both Colombia and the United States.” The change of heart by Clinton and other Democratic leaders enabled congressional passage of a Colombia trade deal that experts say delivered big benefits to foreign investors like Giustra.
The details of her family’s entanglements in Colombia echo talk that the Clintons have blurred the lines between their private business and philanthropic interests and those of the nation. And Hillary Clinton’s connections to Pacific Rubiales and Giustra intensify recent questions about whether big donations influenced her decisions as secretary of state.
That was then. This is now.
From The Washington Free Beacon:
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.
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Last Edited by LJS on 08/28/2016 03:15 PM
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