Hillary Clinton has repeatedly managed to escape from the arms of the law, but it appears that this time the former Democratic presidential nominee may be brought to justice, according to Wall Street analyst Charles Ortel, and it's not the Clinton email case or her "pay-to-play" scheme.
How It All Began
"The United States has precise rules governing how 'charities' spring into life legally and then operate. Most charities are organized in a given US state (or Washington, D.C.) as nonprofit corporations. After completing this step, they frequently apply for federal tax exemption – here, they must complete a detailed application truthfully that explains, among other things, the specific purposes they intend to carry out," Ortel explained in an interview with Sputnik.
"These 'purposes' must, in fact, be tax-exempt in line with statutory provisions that define which purposes serve the public, and which may not," he stressed.
The analyst underscored that many states and places levy taxes on charities and their potential donors, who are not exempt unless state and local registrations are completed truthfully.
"So, material defects in public filings for the Clinton Foundation – which was founded on October 23, 1997, in Arkansas – began long before 2002, and have escalated right to the present," Ortel told Sputnik.
Yet another problem brought to light by the analyst is that the Clintons' charity has never been audited in full compliance with the law.
Indeed, the charity's financial documents contain suspicious gaps and omissions.
Commenting on the foundation's international activities, Ortel noted that what is missing is "granular information required on the local currency results of the Clinton Foundation and currency translation rates into US dollars for each of these foreign operations."
"Also missing is proof that each of these foreign operations was registered lawfully in any foreign nation where the Clinton Foundation operated or solicited donations," he highlighted.
What Lies at the Root of the Gaps and Omissions in the Documents
The question then arises what lay behind these obvious discrepancies and negligence.
Is it ignorance of the law on the part of the Clintons? Unlikely.
According to the analyst, one could not exclude that these discrepancies point to potential fraud and mismanagement of funds.
One of the shining examples is Rep. Corrine Brown's case: the 69-year-old Democrat has been recently indicted for a $800,000 charity fraud including mail and wire fraud, conspiracy, obstruction and filing of false tax returns. She is facing decades in jail.
So, what prevented the IRS and FBI from catching the Clintons given their suspicious charity record?
"Normally, the IRS holds enormous power when it chooses to investigate a charity whose public filings seem suspect," Ortel noted, adding that, similarly, the FBI has enough sophisticated resources to "scan" a charity.
There were reports that the Clinton Foundation had been investigated by the IRS and FBI but, surprisingly, these inquiries have not borne any fruit.
How the International Community May Contribute to the Charity Probe
To tackle the issue and conclude an investigation into the Clintons' alleged charity fraud one needs to "clean the house" first, the analyst stressed. According to Ortel, Attorney General Jeff Sessions is the best-qualified official to carry out this work.
Furthermore, the international community can also join the effort and contribute to the investigation.
"I am already in contact with certain governments concerning the apparent legal status of the Clinton Foundation and the nature/amount of sums solicited and received by Clinton interests, supposedly for charitable pursuits," the analyst said.