| http://www.freerepublic.com/focus/f-news/1850322/posts Free Republic Browse · Search |
News/Activism Topics · Post Article |
Bill Clinton owns a jewelry store in London and an offshore data company in India
Hillary Clinton Senate Financial Disclosure Form ^ | June 14, 2007 | HAL9000
Posted on Thursday, June 14, 2007 5:10:05 PM by HAL9000
Just looking through Hillary Clinton's financial disclosure papers, released today and available at this link -http://tray.com/pfd/S07pfd/00001/00001217.pdf
Some interesting new developments -
Bill Clinton is the sole owner of "WJC International Investments LP, LLC" in New York, NY. It holds such interests as -
Yucaipa Global Partnership Fund, LP (investment partnership that invests in securities of corporations that conduct significant operations in foreign countries) (general partner is YGOF GP, Ltd, c/o 1930 W. Sunset Blvd, Los Angeles CA 90069)
Garrard Worldwide Holdings Ltd (retail jeweler with flagship store in London, England). Garrard is the Crown Jeweller, and appears to be connected to the Bronfman financial empire.
Easy Bill Limited (business service and transaction process company located in India) (Interest held in name of YGPF Mauritus Investments) (see www.easybillindia.com
The report also discloses that CNN's pollster, Vinod Gupta, granted stock options to Bill Clinton for 100,000 shares of InfoUSA, with an exercise price of $8.05, and those options expired on April 24, 2007 without being exercised.
And the report shows that Bill Clinton recieved "over $1,000" of non-employee compensation from Gupta's company. Some reports place the amount at $3.1 million.
TOPICS: Crime/Corruption; Extended News; News/Current Events; US: Arkansas; US: Nebraska; US: New York
KEYWORDS: acludonors; britain; bronfman; burkle; clinton; clintonpropaganda; clintons; cnnpollster; easybill; garrard; hillaryscandals; india; infousa; london; moneylaundering; pearlnecklace; uk; vinodgupta; wjcinternational; yucaipa
Everyone knows the Clintons are ‘special’-only little people need pay taxes-the peons don’t you know. Those are not permitted to look Madame Clinton in the eye.
Lord only knows what BJC did in office to earn these kickbacks.
Yucaipa is Ron Burkle’s holding company.
He “owns” Garrard the same way that I own Exxon-Mobil - by owning stock. My holdings of XOM are about 0.0000000001%
Do you think Hillary will be taking things away from Bill for the public good?
It's odd how many go into "public service" with average net worth, and leave as multimillionaires...
That’s some legacy you got there Bill.
What kind of compensation has Bill Clinton been getting for all this? Mrs. Clinton’s Senate financial-disclosure form, which includes spousal income, reveals her husband in 2005 received “guaranteed” partnership payments from Yucaipa Global Opportunities Fund I LLC of “over $1,000.” That statistic doesn’t reveal a whole lot. But a spokesman for the ex-president indicated that Mr. Clinton owns one-third of fund assets. The two other funds – the Yucaipa American Fund and the Yucaipa Corporate Initiative Fund – aren’t listed on Mrs. Clinton’s disclosure form because Mr. Clinton hasn’t received actual monies from them. Observers say he could make millions from his Yucaipa connection, and thus provide key financing for Hillary.
FYI
That just sounds so...so 'un-liberal' to me. A good liberal should own companies with names like 'Ben & Jerrys' or 'Planned Parenthood'.
Wonder if Hillary! knows about that? Isn't Mrs. Bronfman one of the babes whose neckline he was staring down a few months back?
Owning your own jewelry store has its advantages, however. There are no receipts in your wallet that wifey might discover.
>>> Bill Clinton is the sole owner of “WJC International Investments LP, LLC” in New York, NY. It holds such interests as -
Yucaipa Global Partnership Fund, LP (investment partnership that invests in securities of corporations that conduct significant operations in foreign countries) (general partner is YGOF GP, Ltd, c/o 1930 W. Sunset Blvd, Los Angeles CA 90069) <<<<<
Is this related?
http://www.freerepublic.com/focus/f-news/1622561/posts
San Jose Guild Calls Emergency Meeting Over MediaNews Deal (DInosaur Media Union Thug Alert)
>>>>The guild wants to address many issues, including media concentration, but is also charging that Yucaipa Co. — the private equity firm that placed a bid on all 12 orphan Knight Ridder papers on behalf of the guild — did not get a fair shake in negotiations with McClatchy over the California papers.
The guild has “serious” concerns about whether Yucaipa received enough time for the due diligence process. <<<<
?????
Wonder if any of these can be traced either directly or indirectly to Marc Rich ?
Did y’all MISS this ONE????
“Easy Bill Limited”
I thought Hillary had all of Bill’s jewels in her lockbox?!?!
Holy Cow, check out page 9! Somewhere between $30,000 and $100,000 on two credit cards and they’re paying 18.24% interest on them. She’s not on the Budget committee is she?
Yes, he is a generous benefactor to the Clintons.
Aw, these poor babies! It must have been tough not having money for all those years. Fortunately for them, they were able to go to the White House and become rich.
An excellent example of how politicians serve themselves first and the country second.
Whole lot of graft going on.
Now, what did they not report?
As much as I despise the guy, let’s be honest. He gets a $200,000.00 pension. The bitch gets a $150,000.00 salary. She had two bestsellers. He gets $150,000.00+ to make a speech. The sponsor or his foundation (library, whatever) pays his travel expenses. For the first time in his life, he’s probably making honest money, and quite a lot of it.
It wouldn’t surprise me if he kisses a picture of George Bush every morning, and every time he calls Gore he says, “Hey Al, mah accountant just told me that I put an extra eighty grand in mah pocket last year because you didn’t get elected president, huh, huh, huh.”
Thanks, Calpernia.
Pinging a few more...
He just continues to ooze sleaze. And I will never, ever understand why some women find him sexy and irresistable. BLECH!!!!!!!!!!!
Wish we were rid of this worrisome beast.
Keep leakin’ the gold. No pun intended
Not to mention: "Carbon Credits R Us"
LOL, he’ll never leave; after President Hillary there will be President Chelsea.
Now that’s a frightening thought!
Yucaipa Foods Corp is Ron Buckle’s corporation and he’s a big Clinton supporter and money man. I wonder what share of Yucaipa Global Partnership Ron has and how much of the money Clinton should have come up with Ron Buckle fronted as a “loan” when the Yucaipa Global Partnership was founded?
I found the following at the National Legal and Policy Center at the following URL: http://www.nlpc.org/view.asp?action=viewArticle&aid=2010 Note the 3rd and 4th paragraphs. The rest is interesting. They’ve got a long history of investigating scandals starting in 1991 with the whitewash of the Keating 5 and then later did a lot of work exposing HRC’s Health Care Task Force.
“Information on America’s most corrupt & aggressive unions
TEAMSTERS (IBT)
Billionaire Clinton Friend, Union Accused of Racketeering
Ron Burkle is a very wealthy man, with a net worth listed last year in Forbes magazine at $2.5 billion. He’s also a close friend of former President Bill Clinton. That relationship is now coming under greater scrutiny given the backdrop of Burkle’s now-successful attempt to buy out a major long-distance car-hauling company, with an able assist from the International Brotherhood of Teamsters. On April 23, investors of Hawk Opportunity Fund sued Burkle’s private-equity company, Yucaipa Companies, in Atlanta federal court, charging Yucaipa and IBT leaders with racketeering in Yucaipa’s takeover of Allied Holdings, Inc., North America’s largest hauler. The plaintiff is demanding $200 million in damages, a figure that could triple under RICO statutes. Yucaipa thinks the case is groundless. “We think that this suit is totally without merit,” said company lawyer Robert Klyman. A Teamsters spokesperson likewise dismissed the suit as having no basis. But the surrounding facts notwithstanding provide a window to the ways in which Hillary Clinton will fund her bid to become the next U.S. President.
Car haulers are those behemoth trucks rolling down our highways ferrying automobiles to local dealerships around the country. Running a full-scale fleet of such vehicles can be expensive, especially in a time of high debt, rising fuel prices, high labor costs, and a soft domestic-car market. That combination was enough to put the Decatur, Ga.-based Allied Holdings, Inc. in the red, and eventually in federal bankruptcy court in July 2005. Ron Burkle, who’d made his original fortune in the supermarket business, recently had gained control of another bankrupt car hauler, Performance Transportation Services, Inc. By acquiring Allied, Burkle would have control over at least half of the entire industry. Last year he made his move. Two Yucaipa funds bought a combined $100 million in Allied debt, making Burkle the firm’s largest unsecured creditor. In return, he wanted to restructure the company, subject to approval by U.S. Bankruptcy Court in Atlanta. On Monday, May 14, the court, after a challenge from several parties, granted approval. Burkle’s plan to lift Allied out of Chapter 11 and restructure the company’s management and operations is set to go into effect by June 1, provided all closing conditions have been met.
To bring the deal off, Burkle needed help from two key sources. One was the Teamsters, which represents about 3,300 of Allied’s 5,500 workers. This past February, Teamster local leaders representing car haulers approved the plan, which would protect existing member benefits. The other source was former President Bill Clinton. Since 2002, Clinton has served as a senior adviser to Yucaipa for three of its funds. His function, in the firm’s words, is to “provide counsel” and “participate in events related to the funds and provide advice in the development of potential investments.” Clinton was attracted to Yucaipa because of its reputation for bringing jobs and investment into economically depressed regions of the U.S. More importantly, Burkle long has been a generous donor to the Democratic Party – and one of its most effective fundraisers. Recently, he raised about $2.5 million at his Beverly Hills mansion for the presidential campaign of Bill Clinton’s wife, Sen. Hillary Clinton, D-N.Y.
What kind of compensation has Bill Clinton been getting for all this? Mrs. Clinton’s Senate financial-disclosure form, which includes spousal income, reveals her husband in 2005 received “guaranteed” partnership payments from Yucaipa Global Opportunities Fund I LLC of “over $1,000.” That statistic doesn’t reveal a whole lot. But a spokesman for the ex-president indicated that Mr. Clinton owns one-third of fund assets. The two other funds – the Yucaipa American Fund and the Yucaipa Corporate Initiative Fund – aren’t listed on Mrs. Clinton’s disclosure form because Mr. Clinton hasn’t received actual monies from them. Observers say he could make millions from his Yucaipa connection, and thus provide key financing for Hillary.
The Allied deal required special intervention by the former president. Mr. Clinton reportedly brought Burkle and Hoffa together to remove labor-related obstacles. Clinton convinced Hoffa to work with Yucaipa as a union-friendly employer – something Burkle says he could not have pulled off on his own. Clinton, said his spokesman, believes in doing business “in a labor-friendly way.” Burkle took things over from there. Originally, negotiations involved the car-hauler as well as Yucaipa and the Teamsters. But somewhere along the line, Allied fell by the wayside. After Yucaipa bought $100 million of the troubled car hauler’s debt, Allied allowed Yucaipa to stay on in contract concessions with the Teamsters. Talks went on for months, but without progress. “We were getting conflicting proposals from Yucaipa and the company,” says Fred Zuckerman, director of the union’s car-hauling division. “We didn’t know who we were negotiating with.”
In early January of this year, Allied requested that Yucaipa management leave the negotiations. In February, Allied asked the federal bankruptcy court to void its Teamsters’ contract, which would have paved the way for deep wage cuts and a possible strike. That’s when Burkle, waiting in the wings, began negotiating with the Teamsters on his own. This time there was a breakthrough. The resulting reorganization plan contains several key features. First, Allied’s debt, including the portion held by Yucaipa, will be converted into common stock, with shares of the old stock to be cancelled. Current shareholders will not receive any distributions, but will have the option to buy, at a discount, up to 4 percent of the reorganized company’s stock. Second, several key Allied executives, including CEO Hugh Sawyer, will be dismissed. Third, Yucaipa wants to put its own people on the board of directors. In addition to a new CEO, there will be three other replacements, plus a fifth appointed by Allied’s creditor committee. The Teamsters, having observer status, will send a representative to board meetings. Finally, though the union may have grimaced while accepting, the deal calls for an across-the-board 15 percent wage cut in each over the next three years in an amount not to exceed $35 million a year.
Financial observers projected Burkle’s takeover will generate $20.3 million in profits this year, a figure that will rise to $42.2 million in 2008. Allied plans to pay back unsecured creditors, owed $196.9 million, with its new stock. But not everyone was happy with the proposed regime. Among them were two investor groups, Virtus Capital and the aforementioned Hawk Opportunity Fund, who held a combined 8.3 percent of Allied stock. Additionally opposed were three of Allied’s 10 board members, members of the company’s founding Rutland family (which owns about 30 percent of Allied stock), and several dissenting Teamsters. They filed a motion with the bankruptcy court to block the takeover-restructuring deal, a suit that became moot when the court approved the proposal. But the RICO suit, which is entirely separate, remains intact. Hawk Opportunity Fund is accusing Yucaipa of manipulating the deal. The fund says that Yucaipa extended the negotiation period until after Teamster President Hoffa’s re-election victory last November against perennial challenger Tom Leedham, misrepresented Allied’s position as insolvent as a pretext for excluding the company from negotiations, and had a conflict of interest, given that it now was owner of a major competitor in Performance Transportation Services.
Yucaipa believes none of these charges will stand up. The company said that it acted properly to break an “impasse” that could have led to the shutdown of Allied’s operations. Union leadership likewise defends the plan, despite the wage concessions. “The Yucaipa plan is not perfect, but it is the best way to make sure that our members’ futures remain secure,” said the Teamsters’ Zuckerman. The 15 percent wage reduction actually is somewhat smaller than the cut Allied management earlier had proposed. The RICO plaintiff, Hawk, might well accept cash and/or equity from Yucaipa in return for dropping its suit. But one way or another, it’s clear Teamster leaders were party to an unusual business deal. Being a “friend of Bill” has its rewards. (Financial Week, 3/19/07; Los Angeles Times, 4/28/07; Wall Street Journal 5/2/07; Associated Press, 5/14/07; other sources).
...and the Big Bad Bill said, "The better to launder those ugly greenbacks with, my dear..."
Jesus, Mary, and Joseph...I think I’m gonna throw up :(
Bump and Ping.
And how does this fit in?
Clintons sell off stocks:
http://www.freerepublic.com/focus/news/1817890/posts?page=5069#5069
Our Grifter-In-Chief
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
'CURRENT ISSUE' 카테고리의 다른 글
| 타이거 우즈, 오늘 새벽 교통사고 경상 - 오늘 오후 퇴원 (0) | 2009.11.28 |
|---|---|
| 에셜론 감청기지 위치 및 감청 유력기지 현황 (0) | 2009.11.27 |
| 국민권익위가 계좌추적권 - '기가 찬다 기가 차. 이분 좀 말리세요 제발' (3) | 2009.11.25 |
| 이건희 사면 총력전(?) - 12월에 그럴 여유가 있으려나 (0) | 2009.11.24 |
| 한독약품, 스펙트럼사 항암제 한국내 독점계약 체결 (0) | 2009.11.24 |