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It’s a claim that has been widely mocked – Hillary Clinton’s famous statement she and Bill were “dead broke” when they left the White House in 2001.

But there is a grain of truth behind it, according to New York Times bestselling author Jerome Corsi.

He reveals some of the numbers in his new book “Partners in Crime: The Clintons’ Scheme to Monetize the White House for Personal Profit.”

Three years before leaving office, Bill Clinton had to pay $850,000 to settle the Paula Jones sexual harassment lawsuit. Just as he was leaving office he paid a $25,000 fine to the Arkansas Bar Association in lieu of disbarment for having lied under oath about his relationship with Monica Lewinsky.

The Associated Press reported the Clintons faced legal bills as high as $10.6 million incurred defending themselves in the Whitewater scandal and the Lewinsky affair. This figure did not include legal expenses associated with the Kathleen Willey and Gennifer Flowers cases.

“So they had a huge amount of legal bills when they left the White House, and leaving the White House, I point out, the Clintons even stole the furniture, they stole the silverware,” Corsi, a WND senior staff writer, said during a recent interview on Stand for Truth Radio with Susan Knowles. “They had to return hundreds of thousands of dollars’ worth of government property that they lifted when they left the White House in classic grifter fashion.”

And yet, a few years after leaving the White House, each Clinton ended up with a net worth of at least $100 million.

During this time Hillary earned income from her roles as senator and secretary of state, and both Clintons received speaking fees, but Corsi noted that was not enough to add up to $100 million.

The only other income source they had during this time was the Clinton Foundation.

“So it’s clear the money was diverted from the Clinton Foundation to pay for the Clintons’ lifestyle, and to end up in their bank accounts in schemes designed to bypass the IRS, in schemes designed to make this not easily detectable in the financial records of the foundation,” Corsi surmised.

Inurement, or the illegal use of a non-profit organization for personal profit, is the central charge Corsi levels against the Clintons in “Partners in Crime.”

He told Knowles the Clintons began with just the William J. Clinton Presidential Foundation, with the sole purpose of soliciting charitable donations to build Bill Clinton’s presidential library. The organization later morphed into what’s now known as the Clinton Foundation.

From the initial foundation, the Clintons set up various subgroups with questionable legal status. One of them was the Clinton Health Access Initiative (CHAI), established for the stated purpose of fighting AIDS in Africa. But was CHAI a subsidiary of the Clinton Foundation or a separate corporation?

“The Clinton Foundation never went to the IRS and got a determination letter, which you have to get under law in order to declare a new purpose of charitable giving [in order to] get tax-favored status,” Corsi explained. “The Clintons did not go and file this as a separate corporation.”

Order your copy of No. 1 New York Times best-selling author Jerome Corsi’s newest blockbuster, “Partners in Crime: The Clintons’ Scheme to Monetize the White House for Personal Profit,” now in stock – weeks ahead of the official Aug. 2, 2016, release date – only at the WND Superstore!

The result, according to Corsi, is confusion: The Clinton Foundation and CHAI consolidate their financial statements so onlookers cannot tell how much money is being donated to fight HIV/AIDS and how much is being donated for other purposes.

Partners-In-Crime“These confusions permit the Clintons to do a form of accounting that becomes so convoluted that you can’t undo it, you can’t get behind it,” Corsi said. “In other words, they have one number for salaries. Well, okay, where did that money come from? Was it used in the Clinton Foundation salaries or in the Clinton Health Access Initiative, the CHAI foundation part?”

Then the Clintons set up the Clinton Global Initiative, again with no IRS determination letter authorizing it to solicit charitable donations. But because the media look at CGI and assume it’s doing great charitable work, they don’t ask tough questions such as, was CGI ever incorporated? Or, did it ever get IRS approval to raise money for these purposes? Or, where does the money that is raised actually go?

Like CHAI, according to Corsi, CGI’s finances get lumped in with the rest of the Clinton Foundation’s numbers in the foundation’s audited financial reports. There is no detail about where money came from and how it is being spent. Furthermore, Corsi said the numbers don’t reconcile with press releases stating how much money was pledged to the Clinton Foundation.

“This is the kind of shoddy accounting that you would expect from a third-rate grifter, a con artist, and would be immediately red-flagged by the IRS or the state attorneys general if anybody was paying any attention,” Corsi reasoned. “But since it’s the Clintons, they don’t get scrutinized.”

Perhaps they should.

In 2009 the Clintons reorganized CHAI, trying to break it off into a separate corporation from the Clinton Foundation because CHAI was receiving money from UNITAID to fight AIDS in Africa. But when the reorganization occurred, the balance sheets showed $17 million went missing during the transition from Old CHAI to New CHAI.

“This kind of a reorganization, reshuffling of money, money disappearing in the Clinton Foundation, is unfortunately not all that unusual when you take a look at the Clinton Foundation financials,” Corsi said.

He pointed out Eric Braverman, whom Chelsea Clinton had brought in to help straighten out the Clinton Foundation, resigned as foundation president rather than sign the financial audits presented to him.

“He must have realized… that if you sign these financial statements on behalf of the Clinton Foundation, you’ll be taking on criminal liabilities yourself to become part of the scam,” Corsi said.

Much has been made lately about the many suspicious deaths associated with the Clintons, but Corsi doesn’t think that is the issue that will ultimately trip up the power couple.

“I think we’re going to get the Clintons on comparing the information I’ve got in ‘Partners in Crime’ with the way the financial statements were done, which I show you how to do in the book, and the glaring errors and omissions, this incomplete mess of financial statements audited by auditors who should be held accountable for an accounting scam that I think is as big or bigger than Enron.

“The Clintons, I think, will not be able to explain the fraudulent financial statements and the fraudulent regulatory statements,” he said.

Order your copy of No. 1 New York Times best-selling author Jerome Corsi’s newest blockbuster, “Partners in Crime: The Clintons’ Scheme to Monetize the White House for Personal Profit,” now in stock – weeks ahead of the official Aug. 2, 2016, release date – only at the WND Superstore!

Media note: For an interview with author Jerome Corsi, please contact him at [email protected]

 

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