“The investigation clearly demonstrates that the foundation was not a charitable organization per say, but in point of fact was a closely held family partnership,” said Doyle, who formerly worked on Wall Street and has been involved with finance for the last ten years conducting investigations. “As such it was governed in a fashion in which it sought in large measure to advance the personal interests of its principles as detailed within the financial analysis of this submission and further confirmed within the supporting documentation and evidence section.”
“None of this is our opinion,” he went on state. “I emphasize none of this is our opinion. These are not our facts. They are not your facts. They are the facts of the Clinton Foundation.”
The Clinton Foundation “began acting as an agent of foreign governments ‘early in its life’ and throughout its existence. As such, the foundation should’ve registered under FARA (Foreign Agents Registration Act),” he said. “Ultimately, the Foundation and its auditors conceded in formal submissions that it did operate as a (foreign) agent, therefore the foundation is not entitled to its 501c3 tax exempt privileges as outlined in IRS 170 (c)2.”
“Whose minding the store, looking out for the donors and minding the rule of law,” said Doyle.
“On that note, we followed the money so we made extensive spreadsheets of their revenues and expenses, we analyzed their income statements and we did a macro-review of all the donors, which its a very (jumbled) sort of foundation,” said Doyle. “Less than 1/10th of one-percent of the donors gave 80 percent of the money. So we follow the money.”
Moynihan added that the foundation “did pursue programs and activities for which it had neither sought nor achieved permission to undertake.”
Particularly, he noted the case of the Clinton Presidential Library in 2004. He noted that the foundation’s role before and after library was built was a misrepresentation to donors “of the approval organizational tax status to raise funds for the presidential library programs therein. In these pursuits the foundation failed the organizational and operational task 501c3 internal revenue code 7.25.3.”
Additionally Doyle stated that the foundation’s intentional “misuse of donated public funds.” He stated that the foundation “falsely attested that it received funds and used them for charitable purposes which was in fact not the case. Rather the foundation pursued in an array of activities both domestically and abroad.”
https://saraacarter.com/financial-bo...foreign-agent/