Hillary Clinton, Bill Clinton and daughter Chelsea Clinton
Presidential candidate, Hillary Clinton and her husband, former U.S. President, Bill Clinton, are mired in controversy this week, as their offshore company Fondo Acceso, was shut down in Colombia for operating as an unregistered private equity fund. A report on the Washington Free Beacon website reveals the company was "not registered as a private equity fund in the country, which may have allowed it to avoid certain industry regulations and oversight from the Colombian government."
The site also further states, "Fondo Acceso is registered in Colombia as a 'simplified stock corporation' which legal experts said precludes it from doing business as a private equity fund." Fondo Acceso had $20,000,000 in funds and branded itself a "private equity fund." In what also looks quite shady, the unregistered, private equity fund that kept the identity of its owners hidden (the Clintons) was run out of a Bogotá, Colombia office, when the Clintons' actual office is in New York.
This brings to memory the recent September 29, 2015 Judiciary Report article "Bill Clinton And Hillary Clinton Accused Of Hiding Money As $50 Million Disappears" which carried a report from the Forbes website regarding the Clintons missing or hidden money. As stated in the column years ago, an investigation revealed the Clintons hiding money in the Cayman Islands.
Clinton Foundation’s Colombian ‘Private Equity Fund’ Was Unregistered
Company’s website removed from internet after Thursday report
November 23, 2015 5:00 am - The Clinton Foundation’s Colombia-based investment company was not registered as a private equity fund in the country, which may have allowed it to avoid certain industry regulations and oversight from the Colombian government. Although Fondo Acceso described itself as a “Private Equity Fund” in company promotional materials and business presentations, it is not listed in a database of current or previously registered private equity funds maintained by the Colombian government.
Colombian legal experts consulted by the Free Beacon said that Fondo Acceso did not appear to have violated any laws by calling itself a private equity fund, as long as it was not doing so while trying to raise capital. According to its corporate records, Fondo Acceso is registered in Colombia as a “simplified stock corporation,” which legal experts said precludes it from doing business as a private equity fund.
Fondo Acceso’s website was also removed from the internet this week, shortly after the Washington Free Beacon reported that the $20 million investment firm was owned by the Clinton Foundation and was run out of the foundation’s office in Bogota...