Wall Street investment analyst Charles Ortel called the Clinton Foundation “the largest unprosecuted charity fraud ever attempted” before all the newly-exposed emails from campaign chairman John Podesta’s account were released from WikiLeaks.
The leaks have fortified his findings. The Wall Street investment analyst, who retired at 46 and prides himself on researching complex problems like General Electric and the credit crisis, has been fly-specking the Clinton Foundation since the spring of 2015.
Ortel explains why he believes the Clinton Foundation is a “crooked charity cooking the books” with over $2 billion dollars in revenue, in this exclusive video interview for The Daily Caller News Foundation.
Ortel found from a series of talk radio interviews that progressives are especially exercised about the Clinton Foundation’s abuse of the charity rules. Charity rules are strict as these entities stand in the shoes of the government, he says, to help people.
Ortel’s charges raise the specter that the IRS and other government agencies are picking winners and losers for charities now with two sets of rules. Tea party groups, as well as Democrat Congresswoman Corrine Brown, who is facing over 300 years in prison for her $800,000 slush fund, faced the wrath of government, while the $2 billion Clinton charity that bends rules, goes without scrutiny, he says.
Ortel warns donors they, too, have a legal duty to ensure they are not supporting a rogue charity — as penalties can be stiff for giving to a fraudulent entity. He warns the Gates, Rockefeller, and Bloomberg Foundations and makes note of massive funding from the Swiss-based UNITAID, amongst many others.
A November, 2011 memo from the company Teneo’s Doug Band to the law firm Simpson Thacher, exposed the way Teneo leveraged speaking fees and for profit dollars to former President Bill Clinton around the edges of the Clinton Foundation. This memo, exposed on the day we interviewed Ortel, started a cascade of mainstream media coverage of the way the Clintons were using public office for private gain using the Clinton Foundation.
Ortel believes this Band memo, combined with the now-exposed efforts by Chelsea Clinton to improve the governance of the Foundation, must have caused an immediate reaction in Simpson Thacher, the firm Chelsea sought that specializes in advising its clients how to abide by the legal requirements of national, international and state charity rules.
The financial analyst believes the foundation embodies “Robin Hood in reverse.” The charity stands in the middle of a crisis and steals from the poor to give to the elites, he says.
Asked how he might explain the Clinton Foundation to a Gold Star Mother, Ortel said the Clintons are not “worthy to clean the brass on the White House doorknobs” let alone be the leader of the free world.
For more information, read Charles Ortel’s blog or follow him on Twitter @CharlesOrtel.
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