Exposing Hillary So She Won't Get Elected

Bill Clinton Used Shell Company to Hide Income

It remains wholly unclear at what point America will wake up to realize the Clinton family’s finances rival those of the Russian mafia in their evil cleverness and complexity, but here is one more layer exposed.

Bill and Hillary’s required financial disclosures omitted a Clinton-owned shell company, a paper entity with no apparent employees or assets, used by Billy boy to provide consulting and other services. Because the company, named WJC, has no financial assets, Hillary Clinton’s campaign was not obligated to report its existence in her recent financial disclosure report. The Associated Press uncovered the company on its own.

The WJC entity was a “pass-through” company designed to channel payments to the former president without exposing those payments to public disclosure, and thus keeping more of Bill’s activities out of public scrutiny while Hillary waits for her coronation.

While Bill’s very lucrative speeches provided the bulk of the couple’s known income, earning as much as $50 million during his wife’s four-year term as secretary of state, the former president has also sought to branch out into other “business activities” in recent years. Little is known about the exact nature and financial worth of Bill Clinton’s non-speech business interests. And that’s the way the Clinton’s are trying to keep it.

Under federal disclosure rules for spouses’ earned income, Hillary Clinton was only obligated to identify the source of her spouse’s income and confirm that he received more than $1,000. As a result, the precise amounts of Bill Clinton’s earned income from “consulting” have not been disclosed, and it’s not known how much was routed through WJC.

WJC was set up in Delaware in 2008 and again in 2013, and in New York in 2009, further obscuring its roots. The purpose of WJC was not disclosed in any of the corporate filings in Delaware and New York, but State Department files recently reviewed by the AP show that WJC surfaced in emails from Bill Clinton’s aides to the department’s ethics officials. In February 2009, Clinton’s counselor, Douglas Band, asked State Department ethics officials to clear Bill Clinton’s consulting work for three companies owned by influential Democratic party donors. Memos sent by Band proposed that Bill Clinton would provide “consulting services regarding geopolitical, economic and social trends affecting the entity and philanthropic opportunities” through the WJC.

State Department officials went on to approve Bill’s consulting work. None of the proposals detailed how much Bill Clinton would be paid, or any details of his consulting work.

Pass-through, or shell, companies became an issue in the 2012 presidential campaign when Mitt Romney disclosed a private equity entity worth $1.9 million despite failing to report the company on his previous federal disclosure. Romney aides said the company previously held no assets but then received the $1.9 million “true up” payment — a catch-up payment to make up for private equity fees from defunct investment advisory businesses that had not been previously paid. Whatever that means other than money keeps moving into the pockets of candidates.

Let’s demand Bill and Hillary release all their personal tax filings.