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Octafish

(55,745 posts)
34. Guess whose Foundation is tied to UBS?
Thu Apr 21, 2016, 03:01 PM
Apr 2016


From the Small World division of Wealth Management:



After Hillary Clinton helped settle tax case, UBS increased foundation support

Clinton helped the IRS and UBS settle a tax evasion case in 2009 as secretary of state, and since then donations by UBS to the Clinton Foundation have grown


Jana Kasperkevic in New York
The Guardian, July 30, 2015

Hillary Clinton’s overlap of private and political activities was once again in the spotlight on Thursday after a Wall Street Journal report that since Clinton helped broker a settlement in a legal tax case against UBS while she was secretary of state, the Swiss bank has increased its financial support and involvement in Clinton Foundation projects.

In February 2009, the IRS sued UBS and demanded that it disclose the names of 52,000 possible American tax evaders with secret Swiss bank accounts. In the months that followed – thanks to involvement of Clinton as secretary of state and Swiss lawmakers – a legal settlement was negotiated. On 19 August 2009, it was announced that UBS would pay no fine and would provide the IRS with information about 4,450 accounts within a year.

Since the deal was struck, disclosures by the foundation and the bank show the donations by UBS to the Clinton Foundation growing “from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014”, according to the Wall Street Journal.

The bank also teamed up with the foundation on the Clinton Economic Opportunity Initiative, creating a pilot entrepreneur program through which UBS offered $32m in loans to businesses, the newspaper reported. Other UBS donations to the Clinton Foundation include a $350,000 donation from June 2011 and a $100,000 donation for a charity golf tournament.

Additionally, UBS paid more than $1.5m in speaking fees to Bill Clinton between 2001 and 2014, the newspaper reported.

CONTINUED...

http://www.theguardian.com/business/2015/jul/30/hillary-clinton-ubs-tax-evasion-settlement-foundation


Well. If it's not illegal, it's legal-like.

Recommendations

0 members have recommended this reply (displayed in chronological order):

knr snagglepuss Apr 2016 #1
Bill Clinton also works at UBS Octafish Apr 2016 #21
IT IS... ALL ABOUT THE GD MONEY! Carvilee is A POS Corporatist as Well CorporatistNation Apr 2016 #48
It's a big club, and you ain't in it LondonReign2 Apr 2016 #53
K&R for needed exposure /nt Dragonfli Apr 2016 #2
George W Bush also works at UBS Octafish Apr 2016 #22
LOL should have had a warning for the first pic! Faux pas Apr 2016 #3
Really Scary: UBS received $287 Billion bailout...and Phil Gramm still talks slow. Octafish Apr 2016 #24
They're all just one big happy family aren't they? We were so scammed! But not anymore thankfully. sabrina 1 Apr 2016 #37
K & R disillusioned73 Apr 2016 #4
Clearly not Hillary supporters who claim they are Democrats. Joob Apr 2016 #11
This land is their land. We pay them rent. Octafish Apr 2016 #25
Great article.. disillusioned73 Apr 2016 #31
K & R AzDar Apr 2016 #5
Guess whose Foundation is tied to UBS? Octafish Apr 2016 #34
Aw, how sweet! sabrina 1 Apr 2016 #38
Is the Clinton Foundation the Dulles Brother’s Sullivan and Cromwell? Octafish Apr 2016 #39
Just as long as you don't equate... malokvale77 Apr 2016 #6
Never. Octafish Apr 2016 #7
Panama Papers: The secrets of dirty money (Suddeutsche Zeitung) bobthedrummer Apr 2016 #8
''Integrity is for paupers.'' Octafish Apr 2016 #35
K&R&bookmark JEB Apr 2016 #9
The Clintons and Wall Street: 24 Years of Enriching Each Other Octafish Apr 2016 #36
Lots of folks in on the Clinton Con. RiverLover Apr 2016 #10
I once actually hoped Democrats would not succumb to the ecstasy of gold. Octafish Apr 2016 #40
Buy-Partisan. Perfect Hillary description. cherokeeprogressive Apr 2016 #12
UBS is all kinds of Buy Partisan Octafish Apr 2016 #43
It is one big club. nt artislife Apr 2016 #13
'aye 840high Apr 2016 #28
Mere mention of its existence brings out anguished (and now paid) cries of ''CONSPIRACY THEORY!'' Octafish Apr 2016 #42
And we ain't in it. nt cherokeeprogressive Apr 2016 #46
K&R Great research! Hope this gets wide publicity! amborin Apr 2016 #14
Hillary, the Banksters Committed 'Fraud,' Not 'Shenanigans' Octafish Apr 2016 #45
K&R Hiraeth Apr 2016 #15
Phil Gramm works at UBS Octafish Apr 2016 #47
Senator Gramm is a Good Guy now....Haven't you gotten the memo? Armstead Apr 2016 #16
It is amazing, believing what history shows otherwise. Octafish Apr 2016 #49
They are all Cronies Octafish, you know this...Bernie- has a minor in cronyism LOL snooper2 Apr 2016 #17
Until Vietnam, I didn't believe people could sacrifice their integrity. Octafish Apr 2016 #50
Except wrt to the Panama Papers, a lot of us were painfully aware of this back in the day... 2banon Apr 2016 #18
Thank you, 2banon! That's why the Infodump: to Clog the Memory Hole. Octafish May 2016 #55
K & R! It's all a cozy little country club, isn't it? southerncrone Apr 2016 #19
I like the way your thinking...I want them to feel the Bern...fuckers. Evil! nt haikugal Apr 2016 #29
Kick n/t bobthedrummer Apr 2016 #20
The corruption is high there jfern Apr 2016 #23
Thank you for the information. It's amazing the way these people operate.. think Apr 2016 #26
k&r silvershadow Apr 2016 #27
One good ole boys (and girls) club... tex-wyo-dem Apr 2016 #30
I fucking love you. Hell Hath No Fury Apr 2016 #32
^ bobthedrummer Apr 2016 #33
K&R azmom Apr 2016 #41
Also...its Amazing where Clinton Campaign People have ended up in their Afterlife.. KoKo Apr 2016 #44
It's like a reward for all their hard work in government service. Octafish Apr 2016 #52
K&R nt raouldukelives Apr 2016 #51
Buy-Partisan me b zola Apr 2016 #54
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