SWEDEN

 

 

Bill Clinton’s foundation cashed in as Sweden lobbied Hillary on Iran-related sanctions

http://www.washingtontimes.com/news/2015/jun/2/clinton-foundations-sweden-fundraising-arm-cashed-/

 

>By the time Mrs. Clinton left office in 2013, the Clinton Foundation Insamlingsstiftelse had collected millions of dollars inside Sweden for his global charitable efforts and Mr. Clinton personally pocketed a record $750,000 speech fee from Ericsson, one of the firms at the center of the sanctions debate.

 

>Eventually, Swedish Foreign Affairs Minister Carl Bildt — Mrs. Clinton’s equal on the diplomatic stage — delivered the message personally to top State Department officials, who described him as “skeptical” about expanded Iran sanctions.

 

Setting up the Insamlingsstiftelse

 

>When Mr. Clinton set up his Swedish fundraising arm in 2011, he turned to one of the former first family’s longtime confidants: Mrs. Clinton’s former Arkansas law partner Bruce Lindsey.

 

>The entity was essentially a fundraising shell, having no employees or contractors in Sweden, and it was governed by a board with six directors: Mr. Clinton’s two close aides in retirement, Doug Band and Mr. Lindsey; the foundation’s chief financial officer, Andrew Kessell; Swedish lawyer Jan Lombach; German media mogul Karl-Heinz Kogel; and British financier Barry Townsley.

 

>Mr. Clinton set up the Clinton Foundation Insamlingsstiftelse to become a direct recipient of the funds from the Swedish Postcode Lottery, rather than having to go through an intermediary organization to get the contributions, according to a Clinton Foundation official.

 

>“Under Swedish lottery legislation, an organization must be registered in Sweden to receive funds directly from the Swedish Postcode Lottery,” said Roger Magergard, a spokesman for the lottery.

 

>He added: “The partnership with Clinton Foundation Sweden is ongoing. The Swedish Postcode Lottery has 53 beneficiaries, and the cooperation with all organizations continues until either the beneficiary or the lottery decides to end the cooperation.”