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How Hillary Clinton May Find Her Way to Jail

by Ekaterina Blinova, Sputnik News:

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.

Hillary Clinton may find herself behind bars sooner than anyone expects; however, it’s not her private email server or much discussed “pay-to-play” scheme that is her main Achilles’ heel.

While it seems nerdy and not as sexy as the much-discussed Clinton “death list,” the seemingly trivial discrepancies in the financial and founding documents of the Clinton Foundation are most damning.
“Let’s start from the very beginning,” Charles Ortel, a Wall Street analyst who has been investigating the alleged charity fraud for about two years and publishes his findings on his website, says.

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 William J. Clinton Presidential Foundation, Inc. is somewhat different in that it was organized to comply with the Presidential Libraries Act of 1955, as later amended, to house ‘Presidential Records’ (this is a statutorily defined term that means items created or received during Bill Clinton’s presidential terms that ran from January 20, 1993, through January 20, 2001), to operate a research facility for those who wish to study these records, and to raise a capital endowment,” Ortel clarified.

In addition, to operate a charity lawfully across the US or the whole world, one must comply with solicitation requirements in each of our 50 states and in certain other jurisdictions, which require charities to register and report before raising funds.

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.

Read More @ SputnikNews.com

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