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Tuesday, November 24, 2015

Clinton Foundation’s Colombian ‘Private Equity Fund’ Was Unregistered

Company’s website removed from internet after Thursday report

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 maintained by the Colombian government of current or previously registered private equity funds.

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.

The website had previously described Acceso as “a Private Equity Fund that seeks investment opportunities in small and medium Colombian compan[ies] with the purpose of obtaining economic and social returns.”

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2 comments:

Anonymous said...

OK, who out here is actually surprised?

Anonymous said...

Is there no end to the ammount of corruption the Clinton family is involved in?