(TRUNEWS) The Overseas Private Investment Corporation allegedly approved a $10 million loan to InnoVida, owned by a Clinton Foundation donor who went to prison.
OPIC is a federal agency that works under the State Department to help U.S. businesses gain “footholds in emerging markets”.
An official at the agency, according to the Washington Free Beacon, wrote a memo to officials in 2010 recommending the they provide money to Innovida for the construction of houses in Haiti. The company is owned by Claudio Osorio who donated tens of thousands of dollars to the Clinton Foundation. Osorio had also hosted the Clinton’s at his mansion in 2007.
The renewable energy director of OPIC, Lynn Tabernacki put in a report that InnoVida had “U.S. persons of political influence that are able to assist in advancing the company’s plans”. It claimed former President Bill Clinton was in contact with the company to provide logistical support and that Hillary Clinton could make State Department resources available.
Less than 24 hours after the request was sent, OPIC approved the loan.
The homes in Haiti were never built. The next year InnoVida filed for bankruptcy. The Securities and Exchange Commission and FBI subsequently investigated.
Osorio was sent to 12 years in prison in 2013 for wire fraud and money laundering. He was accused of cheating investors out of $40 million, using the money to pay for his Miami mansion, Maserati and ski chalet in Colorado.
The State Department would not confirm if the State Department provided any resources to the project. An official there said Clinton was not typically involved in OPIC projects.
U.S. Democratic presidential candidate Hillary Clinton (L) waves after being introduced onto the stage by husband, former U.S. President Bill Clinton, during a campaign rally at Washington High School in Cedar Rapids, Iowa January 30, 2016. REUTERS/Adrees Latif . SAP is the sponsor of this content. It was independently created by Reuters’ editorial staff and funded in part by SAP, which otherwise has no role in this coverage.
“This case represents a new low in the misuse of public funds by Clinton allies,” National Legal and Policy Center chairman Ken Boehm told the Free Beacon last July.
The post Clinton donor spent OPIC money on own house instead of homes in Haiti appeared first on TRUNEWS with Rick Wiles.
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