Clinton Foundation admits financial mistakes
Officials at the philanthropy founded by U.S. political power couple Bill and Hillary Clinton admitted Sunday that the organization has made financial disclosure “mistakes” and vowed to quickly correct the errors.
The acknowledgment of the problems with the Clinton Foundation’s financial statements, which acting CEO Maura Pally said were unintentional, were made in a lengthy statement posted on the clintonfoundation.org website.
Pally, who said a voluntary external review is underway, wrote that “our error was that government grants were mistakenly combined with other donations.”
She insisted those grants have been properly listed and can be viewed on the website in the foundation’s audited financial statements.
Allegations surrounding the Clinton family’s charitable organization has mired the early days of Hillary Clinton’s presidential campaign in controversy.
The former first lady ended her involvement with the foundation earlier this month, shortly after announcing her 2016 White House bid.
The sole announced U.S. Democratic Party presidential contender, Hillary has faced unsettling new accusations of financial conflicts of interest because of her ties to the foundation, some of which appear in a new book, “Clinton Cash,” to be published May 5.
In the book, author Peter Schweizer makes incriminating accusations about foreign contributions to the group, which was founded by former President Bill Clinton in 2001.
Several donations from foreign governments are put under the microscope in the book, in which Schweizer suggests — without direct evidence — that Clinton traded favors for donations while she was secretary of state from 2009 to 2013.