You’ll hear a lot today about corrupt FIFA officials being indicted over a massive bribery scheme. What you won’t hear much about is yet another shady Clinton scandal. Apparently there’s nothing these two can do that will ever rise to the level of indictments.
The newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family’s finances.
Because the company, WJC, LLC, has no financial assets, Hillary Clinton’s campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton’s private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.
The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president’s finances on the record, said the entity was a “pass-through” company designed to channel payments to the former president.
Under federal ethics disclosure rules, declared candidates do not have to report assets worth less than $1,000. But the company’s existence demonstrates the complexity of tracking the Clintons’ finances as Hillary Clinton ramps up her presidential bid.
While Bill Clinton’s lucrative speeches have provided the bulk of the couple’s income, earning as much as $50 million during his wife’s four-year term as secretary of state in the Obama administration, 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.
The identities of several US and foreign-based companies and foundations that Bill Clinton worked for have been disclosed in Hillary Clinton’s recent financial report as well as in earlier reports during her stint as secretary of state.
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, LLC.
WJC, LLC was set up in Delaware in 2008 and again in 2013 and in New York in 2009, according to documents obtained by The AP. The company did not appear among holdings in the Clintons’ financial disclosure released last week or in previous Hillary Clinton disclosure reports between 2008 and 2013, when she resigned as secretary of state. Bill Clinton signed a document as its “authorizing person” in a corporate filing in Delaware in 2013.
Just a minor oversight. They’ll go and correct their tax filings and all will be well. Meanwhile, expect another release of Grandma’s secret emails … in another month. Hey, no big hurry.
The State Department is proposing to release batches of former Secretary of State and current Democratic presidential candidate Hillary Clinton’s emails every 60 days beginning next month.
“The Department proposes that it make its next production of non-exempt portions of the emails by posting them on the website on June 30, 2015, and that it make rolling productions in the same way every 60 days thereafter,” Justice Department lawyers said in court filing Tuesday night (posted here). “The Department will strive to produce as many documents as possible on each production date, and will file a status report one week after each production to inform the Court of the number of pages posted.”
Can’t take all this transparency. But the big news is, of course, more Granny Clinton swag now available for the idiots.
Speaking of money from dubious sources, if you missed it elsewhere today, enjoy this early look at Hillary 2016 campaign merchandise. The pantsuit t-shirt and crocheted pillow are the two buzziest items, for good reason — they both reduce Hillary in different ways to her gender, the strongest argument for electing someone whose record is as mediocre as hers. She’s going to run a celebrity/identity politics campaign like Obama did, but Obama had enormous personal charisma to his admirers. His potential to be the first black president was part of his personal appeal, but only part of it; he had charm to burn too, which is why the more overt attempts to racialize the campaign in 2008 were usually farmed out to his surrogates. Hillary doesn’t have that same charm so she’s going to make the “first woman president” pitch more directly. That’s what the script calls for and they’re sticking to it.