Archive for the ‘felon’ Category

Bill Clinton profits from company tied to felon, China

March 7, 2008

By Jim McElhatton
The Washington Times
March 7, 2008

The spring before his wife began her White House campaign, former President Bill Clinton earned $700,000 for his foundation by selling stock that he had been given from an Internet search company that was co-founded by a convicted felon and backed by the Chinese government, public records show.
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Mr. Clinton had gotten the nonpublicly traded stock from Accoona Corp. back in 2004 as a gift for giving a speech at a company event. He landed the windfall by selling the 200,000 shares to an undisclosed buyer in May 2006, commanding $3.50 a share at a time when the company was reporting millions of dollars of losses, according to interviews.
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A spokesman for the William J. Clinton Foundation declined to identify the buyer who was willing to pay so much for a struggling company’s stock, saying only that….

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http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080307/NATION/15653289/1001