Are Chelsea Clinton’s quid pro quo deals worse than those of Hunter Biden? First daughter rakes in millions as figurehead on corporate board
By JD Heyes
arlier this winter, Joe Biden’s 2020 presidential campaign was rocked by scandal, and not all of it was tied to him.
As NewsTarget reported, while Joe Biden was serving as Obama’s vice president, he was given the ‘assignment’ of being “point man” for Ukraine at a time when Russian aggression was overtaking the country and Kiev was turning to Washington for help.
It wasn’t an unreasonable request. Under the terms of the Budapest Memorandum, signed in December 1994, the U.S. and Great Britain agreed to provide security assurances to Ukraine in exchange for that country surrendering nuclear weapons left on its territory after the collapse of the Soviet Union. The weapons were returned to Russia.
But in 2014, Russian forces “annexed” the Crimea and began providing military assistance to “rebels” and “separatists” in eastern Ukraine. In response, the Obama administration sent Joe Biden and a loan guarantee of $1 billion so the country could arm itself.
Only, the VP brought along the money with one condition: Kiev’s government was required to fire a prosecutor looking into corruption involving a company in which his son, Hunter, served as a board member (at tens of thousands of dollars per month).
It was a ‘quid pro quo’ in the classic sense. The prosecutor was fired, Kiev got the money, and the Bidens managed to exploit a country that was under attack for their own personal gain.
This is the prototypical deal that the offspring of high-ranking American government officials usually get, as former first daughter Chelsea Clinton knows.
Chelsea Clinton has reaped $9 million in compensation since 2011 for serving on the board of an internet investment company, according to Barron’s, the financial publication.
Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and internet investment company that has an ownership stake in 150 well-known brands, such as Vimeo, Tinder, Angie’s List and Home Advisor.
Clinton — daughter of former President Bill Clinton and former Secretary of State Hillary Clinton, has served on IAC’s board since 2011. She receives an annual retainer fee of $50,000 and $250,000 worth of restricted IAC stock.
This kind of stuff is why Trump won
At the end of December, she reported owning $8.95 million worth of the company’s stock to the Securities and Exchange Commission.
This isn’t the only sweet deal Chelsea Clinton has managed to land.
According to the UK Daily Mail, Clinton made $300,000 for attending just a half-dozen meetings as an IAC board member in 2018 — a company that is run by Barry Diller, who is a family friend of the Clintons.
The board position follows her brief career as a special correspondent for NBC, from November 2011 through August 2014. For that, she was paid well — $600,000 per year, though she had no prior media experience and no journalism training or education.
In truth, it’s these kinds of deals that not only enrich the children of powerful American politicians, but their parents as well. The Clintons themselves benefited from their positions to the tune of hundreds of millions of dollars, much of it laundered through a “foundation” that, after Hillary lost to President Trump, suddenly started downsizing and laying off people.
And according to presidential lawyer Rudy Giuliani, who has been probing Biden corruption now for months, the former VP and his son.
“The constants here are: Joe becomes point man. Joe fails in his mission to the U.S. In Iraq, he can’t get a status of forces agreement,” Giuliani told talk host Dan Bongino this week.
“In Ukraine, he can’t do a damn thing about corruption except contribute to it…But in each case, the Biden crime family made millions and millions of dollars. To me, it’s a racketeering case, a RICO case.”