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Hillary University: Bill Clinton Bagged $16.46 Million from For-Profit College as State Dept. Funneled $55 Million Back
With her campaign sinking in the polls, Hillary Clinton has launched a desperate attack against Trump University to deflect attention away from her deep involvement with a controversial for-profit college that made the Clintons millions, even as the school faced serious legal scrutiny and criminal investigations.
In April 2015, Bill Clinton was forced to abruptly resign from his lucrative perch as honorary chancellor of Laureate Education, a for-profit college company. The reason for Clinton’s immediate departure: Clinton Cash revealed, and Bloomberg confirmed, that Laureate funneled Bill Clinton $16.46 million over five years while Hillary Clinton’s State Dept. pumped at least $55 million to a group run by Laureate’s founder and chairman, Douglas Becker, a man with strong ties to the Clinton Global Initiative.
Laureate has donated between $1 million and $5 million (donations are reported in ranges, not exact amounts) to the Clinton Foundation. Progressive billionaire George Soros is also a Laureate financial backer.
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
“I meet people all the time who transfer here when they flunk out elsewhere,” agronomy student Arturo Bisono, 25, told the Post. “This has become the place you go when no one else will accept you.”
Others, like Rio state legislator Robson Leite who led a probe into Bill Clinton’s embattled for-profit education scheme, say the company is all about extracting cash, not educating students. “They have turned education into a commodity that focuses more on profit than knowledge,” said Leite.
Progressives have long excoriated for-profit education companies for placing profits over quality pedagogy. Still, for five years, Bill Clinton allowed his face and name to be plastered all over Laureate’s marketing materials. As Clinton Cash reported, pictures of Bill Clinton even lined the walkways at campuses like Laureate’s Bilgi University in Istanbul, Turkey. That Laureate has campuses in Turkey is odd, given that for-profit colleges are illegal there, as well as in Mexico and Chile where Laureate also operates.
Shortly after Bill Clinton’s lucrative 2010 Laureate appointment, Hillary Clinton’s State Dept. began pumping millions of its USAID dollars to a sister nonprofit, International Youth Foundation (IYF), which is run by Laureate’s founder and chairman, Douglas Becker.
A Bloomberg examination of IYF’s public filings show that in 2009, the year before Bill Clinton joined Laureate, the nonprofit received 11 grants worth $9 million from the State Department or the affiliated USAID. In 2010, the group received 14 grants worth $15.1 million. In 2011, 13 grants added up to $14.6 million. The following year, those numbers jumped: IYF received 21 grants worth $25.5 million, including a direct grant from the State Department.
www.bloomberg.com...
Throughout ten Democratic Party debates, Establishment Media have not asked Hillary Clinton a single question about she and her husband’s for-profit education scam.
Baltimore, MD – April 26, 2010 -- President Bill Clinton, founder of the William J. Clinton Foundation and 42nd President of the United States, has accepted the role of Honorary Chancellor of Laureate International Universities, the global network of leading private universities. As Honorary Chancellor, President Clinton will advise this group of universities in areas such as social responsibility, youth leadership and increasing access to higher education. He will also encourage civic engagement and youth leadership on important social issues during his appearances at university campuses and in print and online messages to the nearly 600,000 students in the Laureate network.
www.abovetopsecret.com...
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
originally posted by: xuenchen
a reply to: dawnstar
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
My God, they even set up a bilk mill too !!
originally posted by: burntheships
Clinton's pay for play, and this:
"The goal: get as many students, regardless of skill level, signed up and paying tuition."
Compound corruption!
Maybe Trump could get ahold of some of these students
that were ripped off, take the Clinton's to task.
originally posted by: IAMTAT
It is absolutely amazing that the press is ignoring this.
originally posted by: carewemust
originally posted by: xuenchen
a reply to: dawnstar
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
My God, they even set up a bilk mill too !!
OMG! They're money laundering!! No telling where the funds are now. Could be buying missiles to take down a jetliner. Hillary's Teflon is wearing very thin. Heck, she might be gone before the convention!
originally posted by: burntheships
Clinton's pay for play, and this:
"The goal: get as many students, regardless of skill level, signed up and paying tuition."
Compound corruption!
Maybe Trump could get ahold of some of these students
that were ripped off, take the Clinton's to task.
In a statement, Laureate spokesman Matthew Yale said, “The politics and motives of the author are obvious and his claims are baseless. We are proud of our association with President Clinton, who shares our commitment to helping young people change their lives through education. We never needed him to defend us, our results speak for themselves—for example the industry leading repayment rates for our students participating in the U.S. government loan program.
originally posted by: reldra
originally posted by: carewemust
originally posted by: xuenchen
a reply to: dawnstar
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
My God, they even set up a bilk mill too !!
OMG! They're money laundering!! No telling where the funds are now. Could be buying missiles to take down a jetliner. Hillary's Teflon is wearing very thin. Heck, she might be gone before the convention!
Sure they are. STILL wait ing on the RICO indictment the HuffPO blogger said was coming.
originally posted by: neo96
originally posted by: reldra
originally posted by: carewemust
originally posted by: xuenchen
a reply to: dawnstar
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
My God, they even set up a bilk mill too !!
OMG! They're money laundering!! No telling where the funds are now. Could be buying missiles to take down a jetliner. Hillary's Teflon is wearing very thin. Heck, she might be gone before the convention!
Sure they are. STILL wait ing on the RICO indictment the HuffPO blogger said was coming.
You do know the Huf Po is a left wing trash mag funding by Soros?
I love it when they eat their own.
Hillary University (Laureate U) is also funded by George Soros.
originally posted by: neo96
originally posted by: reldra
originally posted by: carewemust
originally posted by: xuenchen
a reply to: dawnstar
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
My God, they even set up a bilk mill too !!
OMG! They're money laundering!! No telling where the funds are now. Could be buying missiles to take down a jetliner. Hillary's Teflon is wearing very thin. Heck, she might be gone before the convention!
Sure they are. STILL wait ing on the RICO indictment the HuffPO blogger said was coming.
You do know the Huf Po is a left wing trash mag funded by Soros?
I love it when they eat their own.
pictures of Bill Clinton even lined the walkways at campuses like Laureate’s Bilgi University in Istanbul, Turkey. That Laureate has campuses in Turkey is odd, given that for-profit colleges are illegal there, as well as in Mexico and Chile where Laureate also operates.
The Laureate Education went private in August 2007, in a multi billion dollar, risky, hugely leveraged transaction, closed in the last gasp of the bubble.
The leveraged buyout was completed around August 2007 for approximately $3 billion in debt plus equity. The driving force behind the deal is of Friend of Bill (FOB) hedge fund king Steven Cohen, a poster child for bad hedge fund behavior. Henry Kravis and his KKR, Goldman Sachs and many others are in.
After the deal closed, the schools had great financial difficulties and these capital suppliers grew concerned. Bill Clinton’s pals were feeling squeezed as a profitable exit seemed less and less likely.
To dress the deal up in 2010, Bill Clinton was brought in to serve as “Chancellor,” a part-time position for which he was collecting $16 million through early 2015. This extraordinary compensation was never properly disclosed until 2015.
Many of those on the hook paid Bill and Hillary big fees for speeches as well. Bill Clinton was thus collecting from both Laureate equity and debt suppliers. The Laureate CEO, Doug Becker, is involved as a Clinton backer, Clinton Global Initiative and Clinton Foundation donor and involved in the International Youth Foundation, a recipient of favors and money from the Clinton-led Department of State.
Incredibly, in 2013 the International Finance Corporation announced a record setting $150 million investment in Laureate at a time when its financial condition was rocky at best. Clinton’s involvement sealed the deal.
Then the Clinton Global Initiative and Clinton Foundation entered into a joint venture with Laureate to create CGI-University. Yet none of these related party disclosures are included in any of the Clinton Foundation or Clinton Global Initiative filings for relevant periods (starting in 2008 or so). New York State law requires specific approvals for an entity to hold itself out as being a university.
In this case CGI (a fraud) created CGI University (a fraud) in league with Laureate, a fraud. Laureate is a highly leveraged failing investment whose principal beneficiaries are Wall Street fat cats and billionaires, and William Jefferson Clinton.
On Oct. 1, 2015, Laureate converted to a Public Benefit Corporation, a relatively new class of corporations that are required by law to create a general public benefit through a material, positive impact on society. As a PBC, Laureate is required to publicly disclose a report that assesses our public benefit performance.
In 2015, Laureate passed a rigorous assessment by B Lab®, an independent non-profit organization that serves as a global movement of people using business as a force for good, and became a Certified B Corporation® – the largest corporation ever to become a B Corp™.
Becoming a B Corp demonstrates that Laureate meets the highest standard of verified, overall social and environmental performance, public transparency and legal accountability. The performance standards are comprehensive, transparent and verified and measure our impact on all our stakeholders.
www.laureate.net...