October 27, 2015
Clinton Foundation time bomb may explode on November 16
The read of the day today is a long article by Ken Silverstein at Byline.com explaining the hole the Clinton Foundation is in over amending its IRS filings. You see, the slush fund has a lot of 'splainin to do, and:
Last April, Clinton Foundation acting CEO Maura Pally acknowledged “mistakes” in its tax filings and promised they would be corrected by November 16.
There are potential felonies involved:
[I]t will be difficult if not impossible for the foundation to amend its financial returns without acknowledging accounting fraud and admitting that it generated substantial private gain for directors, insiders and Clinton cronies, all of which is against the law under an IRS rule called inurement.
While inurement may sound obscure to the layman, it’s an ancient legal principle and the IRS is very clear that it is verboten. If you are familiar with it, it becomes immediately clear that Bill Clinton – and arguably Hillary and daughter...(Read Full Post)