Article

2015-07-18 -Lurid Crime Tales-

Clintons Facilitated Donor's Haiti Project That Defrauded U.S. Out of Millions

[Free Beacon] A federal agency rushed to approve funding for a Clinton donor's sham Haiti recovery project that ended up defrauding the U.S. government out of millions, according to court transcripts and internal government documents obtained by the Washington Free Beacon.

Miami businessman Claudio Osorio, who is currently serving 12 years in federal prison on fraud charges, leveraged his relationship with Bill and Hillary Clinton to help his company InnoVida obtain a $10 million loan from the Overseas Private Investment Corporation (OPIC) for a Haiti housing project in 2010.
Birds of a feather.
OPIC is an independent government agency that submits its annual budget requests through the State Department and works closely with the agency.

Bill Clinton helped arrange for a high-powered Florida law firm to represent Osorio during loan negotiations with OPIC, according to court testimony. An internal OPIC memo said Hillary Clinton was prepared to marshal State Department resources to assist with the donor's project.

InnoVida was supposed to use the funding to build houses in Haiti after the earthquake, but it defaulted on the loan and the homes were never built.
"Never let a good crisis go to waste."

Posted by Besoeker 2015-07-18 06:15|| || Front Page|| [11141 views ] Top

#1 Apparently no one was listening to Milton:

Milton Friedman, the Nobel Laureate, wrote to Congress in 1996, “I cannot see any redeeming aspect in the existence of OPIC. … It is special interest legislation of the worst kind, legislation that makes the problem it is intended to deal with worse rather than better. … OPIC has no business existing.”

Link

Posted by Besoeker 2015-07-18 07:02|| 2015-07-18 07:02|| Front Page Top

#2 Grifters gonna grift

Posted by Frank G 2015-07-18 10:01|| 2015-07-18 10:01|| Front Page Top

#3 Very little of the money slated for earthquake rebuilding in Haiti ever was used for this purpose. And here I was thinking the charity money never got past the politicians in Haiti. It never got past the grifter politicians in the U.S.A. Sean Penn and Danny Glover were pushing this cause but then again Sean Penn was also offering himself up as a human shield in Iraq too--naivety personified.

Posted by JohnQC 2015-07-18 16:22|| 2015-07-18 16:22|| Front Page Top

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