Friday, November 27, 2015

The Clintons’ Colombian connection: a secret investment fund

Even as Hillary Clinton is upping her anti-Wall Street rhetoric, here comes word that the Clinton Foundation is running a private-equity company down in Colombia.
The private-equity field is where Mitt Romney earned his fortune — and hundreds of millions of dollars’ worth of negative ads from the Obama campaign back in 2008.
The foundation’s Bogota-based firm, Fondo Acceso, was started in 2010 by Bill Clinton, Mexican billionaire Carlos Slim and mining magnate Frank Giustra, with seed funding of $20 million from the foundation’s Clinton-Giustra Sustainable Growth Initiative and the SLIM Foundation, the Washington Free Beacon reports.

Anything to hide here? Well, Fondo Acceso took down its Web site once the Beacon broke the story. And the venture wasn’t even registered as a private-equity fund in Colombia, thereby skirting government oversight. A good move for an investment firm linked to the US secretary of state...   READ MORE

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