E
EdwardATeller
Guest
You can take the boy out of the trailer park, but you can't take the
trailer park out of the boy. It will be fun if Hillary gets elected
president, a scandal a month, just like the old days. Matt Drudge
will be very happy.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKD3K5Dmu3sY
<quote>
Clinton Used Giustra's Plane, Opened Doors for Mineral Deals
By Elliot Blair Smith
Enlarge Image/Details
Feb. 19 (Bloomberg) -- On June 21, 2005, Bill Clinton flew to Mexico
City aboard a private jet that belonged to a Canadian investment
banker he was meeting for the first time.
The introduction paid off for both men. Clinton was borrowing the
jetliner to begin a four-day speaking tour of Latin America that would
pay him $800,000. Frank Giustra of Vancouver was forming a friendship
that would make him part of the former president's inner circle and
gain him introductions to presidents of Kazakhstan and Colombia, where
he bought mineral rights.
Giustra, 50, has since put his plane at Clinton's disposal at least a
dozen times to raise money for charity, his wife's presidential
campaign or himself, according to U.S. flight records and spokesmen
for Clinton and Giustra. The Canadian businessman has become one of
the largest donors to the Clinton Foundation, pledging half his future
minerals earnings in a way that ties the foundation's success to his
own.
``If former President Clinton is making decisions about where to put
the charitable efforts of the Clinton Foundation based even partly on
where he's likely to benefit personally, or see his friends benefit,
then that clearly is a classic conflict of interest,'' says Aaron
Dorfman, executive director of the National Committee for Responsive
Philanthropy in Washington.
Three months after Clinton and Giustra met, they traveled around the
world together on a trip that included a stop in Kazakhstan where
Clinton introduced Giustra, who was closing in on a $425 million
mining investment there, to the Central Asian country's leader.
Giustra made millions on that deal.
Clinton Foundation Comments
``Mr. Giustra has publicly stated the philanthropic reasons for his
contributions,'' Ben Yarrow, a spokesman for the Clinton Foundation,
said in an e-mail when asked for comment on Clinton's use of the
Giustra plane. ``Any suggestion to the contrary is baseless.''
``President Clinton travels on both private and commercial aircraft,
including Mr. Giustra's,'' Yarrow said. ``When President Clinton
travels, his trips typically include multiple activities: foundation
related, paid speeches, official, etc.''
Since he left the White House in 2001, Clinton, now 61, has earned
more than $50 million for himself and raised hundreds of millions more
for global charities, according to New York Senator Hillary Clinton's
financial disclosures and foundation statements.
The former president has declined to identify most of his financial
benefactors, including donors to his presidential library. He says he
will make public the names of future contributors should his wife win
the Democratic nomination.
`Pursuit of Money'
``Bill Clinton is the ex-president who has pushed the pursuit of money
into the stratosphere, and will probably set a new bar for future ex-
presidents,'' says Bill Hogan, director of investigative projects at
the Center for Public Integrity, a nonprofit ethics watchdog in
Washington, and head of its Buying of the President 2008 program.
``One can imagine an ex-president saying this is none of your
business,'' Hogan says. ``It doesn't work this time because Hillary
Clinton is married to him, and she's running for the highest office in
the land.''
Tax authorities say Clinton may mix philanthropic fund raising with
personal and political business so long as he clearly distinguishes
who he represents at each juncture, and his foundation doesn't
participate directly in an election campaign.
``You've got a fellow who is active and wearing many hats, and he
seems to be bumping against these edges,'' says Kansas City attorney
Bruce Hopkins, who represents tax-exempt groups and testified before
the House Ways and Means Committee in April 2005. ```Nothing tells me
he blatantly crossed the line.''
`Joint Venture'
At the same time, the relationship ``can be construed as a `joint
venture,' with Bill Clinton traveling the globe with Mr. Giustra,
enabling him to strike lucrative business deals'' and Giustra donating
to the foundation, Hopkins said. Clinton needs to ``carefully
differentiate'' his charity and business roles or helping Giustra
could jeopardize the foundation's tax exemption, Hopkins said.
Giustra, who collects first-edition books and antiquarian coins,
generated what he described in a statement as a ``great personal
fortune'' promoting Canadian mining stocks over the past three
decades. Giustra also started the movie studio Lions Gate
Entertainment Corp. in Santa Monica, California, which he sold in
2003, and founded the Vancouver investment bank Endeavour Financial
Corp.
$131 Million
The Canadian businessman donated $31 million to Clinton's charity in
2006 through his own nonprofit, the Radcliffe Foundation. Last June,
he made an additional $100 million pledge to the newly established
Clinton Giustra Sustainable Growth Initiative, and secured the promise
of tens of millions more from Canadian mining companies. He stipulated
the funds be deployed in developing countries, where he does most of
his business.
The two men became acquainted in January 2005 when Clinton prepared a
video appeal seeking help for victims of the Asian tsunami for a fund-
raiser Giustra held in his Vancouver home.
They met six months later when Giustra's MD-87 plane -- a twin engine
jet the size of a commercial airliner, with a stateroom -- picked up
the former president at Westchester County Airport near his New York
home for the trip to South America. They made stops in Mexico,
Colombia and Brazil, according to federal aviation records confirmed
by Gordon Keep, an aide to Giustra.
Bloomberg obtained Federal Aviation Administration flight logs for
Giustra's plane for the period January 2005 through December 2007
under the Freedom of Information Act. The records show where the plane
went. They don't say who was aboard.
In September 2006, Giustra hosted a 60th birthday celebration for
Clinton in Toronto. Flight records show the plane made a New York-to-
Toronto round trip on that date.
Campaign Fund Raising
On May 20, 2007, Giustra's plane flew to Tromso, Norway, on the same
day Clinton gave a speech there for which he was paid $290,000. He
made five speeches over four days with two more stops in Norway, one
in Denmark and one in Sweden, totaling $1.485 million in personal
income.
Austria Today reported that Clinton picked up a $1 million check for
his foundation May 24 in Vienna. U.S. records show Giustra's plane
flew from Vienna that day and arrived in Rochester, New York, on May
25, where Clinton gave a speech.
Last November, the plane traveled from Manchester, New Hampshire,
where Clinton was campaigning for his wife, to Dublin and London,
where he appeared at fund-raising events for her. Clinton spokesman
Matt McKenna said the Hillary Clinton campaign paid for the flight.
A Private Dinner
When Clinton and Giustra met in June 2005 on the flight to Latin
America, the Canadian's banking firm was working on a venture that
involved investing in coal mines and developing a coal-transportation
port in Colombia, Canadian securities filings show.
Clinton arranged for Giustra to meet the president of Colombia, Alvaro
Uribe, in New York three months later, the Wall Street Journal
reported last week. Last year a Canadian company Giustra's investment
firm was advising acquired oil fields in Colombia, the Journal
reported, and Giustra met Uribe again to discuss a coal-export
project.
That was the first time the financial interests of Clinton and Giustra
converged. The second was on the former president's trip to
Kazakhstan, reported Jan. 31 by the New York Times.
On Sept. 6, 2005, Clinton flew aboard Giustra's plane into Almaty,
Kazakhstan's largest city, where the two men met up and shared a
private dinner with President Nursultan Nazarbayev, according to
interviews and public statements at the time.
The U.S. State Department's country report on human rights for
Kazakhstan for 2006, the latest available, criticized the regime for
``pervasive corruption'' as well as arbitrary arrests and detentions,
particularly of government opponents.
`Keep Working'
Clinton and Nazarbayev discussed AIDS prevention, economic development
and government, according to their statements.
Another topic of discussion was an agreement Giustra was negotiating
with the Kazakhstan government and a former energy minister to buy
controlling stakes in three uranium mines.
``When they came here the deal was almost finalized,'' says Mukhtar
Dzhakishev, the president of Kazakhstan's state-owned uranium
enterprise, JSC National Atomic Company Kazatomprom.
``Mr. Giustra said to our president that everything was going smooth
with Kazatomprom and everything was OK,'' says Dzhakishev, one of the
principal negotiators, who didn't attend the dinner. ``The president
said, `OK, keep working.' That's basically all that was devoted to
Kazatomprom during that meeting.''
College Roommate
Each leader came away from the dinner with something. Clinton
collected a $500,000 pledge from Kazakhstan's president to assist
Hurricane Katrina victims. Nazarbayev issued a press release claiming
support from Clinton for Kazakhstan's bid to chair the 56-state
Organization for Security and Cooperation in Europe, based in Vienna.
Kazakhstan was awarded the chair last November.
Clinton and Giustra were in China three days later when negotiations
concluded on the uranium deposits, according to an October 2005
Canadian securities filing that outlines the deal.
The titular seller of two of the three properties was Mukhtar
Ablyazov, 44, Kazakhstan's energy minister in the late 1990s. He
received $350 million through holding companies he controlled in
Cyprus and the British Virgin Islands, according to the filing. The
government retained a 30 percent stake in the properties.
Dzhakishev says Ablyazov, a college roommate of his in the 1980s, had
obtained title to the uranium deposits from the government in early
2005, assuming $1.7 million in debt.
`No Involvement'
Ablyazov, who had become a political opposition leader, was imprisoned
on corruption charges in 2002 and was pardoned by Nazarbayev the
following year. He is now chairman of Kazakhstan's second-largest
bank, JSC Bank TuranAlem. He declined to discuss the uranium
transaction.
Dzhakishev, who keeps Clinton's photograph next to his desk, said
Nazarbayev ultimately had to approve the government's sale of the
uranium interests to Giustra.
Keep, when asked whether Clinton's presence was helpful to Giustra in
any aspect of the mining deal, says: ``I'm sure it didn't hurt Frank's
credibility to be seen with him.'' Keep said the banker's lawyers
established that Ablyazov had legal rights to the uranium deposits he
was selling.
``President Clinton had no involvement in Frank Giustra's business
dealings in Kazakhstan,'' Clinton spokesman McKenna says. ``He did not
speak with anyone on behalf of Mr. Giustra's ongoing business deal. He
also took no action in support of it.''
Giustra said in a statement that he traveled with Clinton from
Kazakhstan through Asia to evaluate the foundation's AIDS work.
Clinton ``did not play a role'' in the uranium purchase, he said.
UrAsia Energy
Raymond Baker, director of the Global Financial Integrity program at
the Center for International Policy in Washington, says Clinton should
have been more careful about the trip.
``A president who wanted to assure that his good name is deserved
would steer clear of accepting an airplane ride to Kazakhstan, or
being involved even peripherally in this business deal,'' Baker says.
``Kazakhstan has a track record of such enormous corruption,
particularly in natural resource transactions, that one should be
extremely cautious in getting involved.''
That November, after the uranium deal almost unraveled because of a
change in Kazakhstan's minerals law, Giustra flew back to Kazakhstan
for another meeting with Nazarbayev to get it on track, Keep says.
The minerals transfer gave birth to UrAsia Energy Ltd., a Toronto
Stock Exchange-listed company created by Giustra's Endeavour just
before the surge in uranium's price to today's $84 a pound from $30 in
September 2005.
Visit to Clinton
In February 2007, Endeavour sold UrAsia for $1.8 billion to Uranium
One Inc. of Johannesburg, South Africa, now the industry's second-
largest company by capitalization after Saskatoon, Saskatchewan-based
Cameco Corp.
The same month, Dzhakishev said Giustra arranged for him to visit
Clinton at his home near New York to discuss the future of nuclear
power.
Giustra's UrAsia stock was worth about C$50 million shortly before the
merger closed. The value of the stock since has dropped by half. He is
no longer listed as a major shareholder.
Clinton and Giustra continue to work together on their entrepreneurial
approach to charity.
On March 1, they are co-hosting a charitable dinner in Toronto where
mining executives are paying up to $350,000 a table to see such
artists as Elton John, Shakira, John Travolta and Robin Williams. The
most expensive tables already are sold out.
</quote>
trailer park out of the boy. It will be fun if Hillary gets elected
president, a scandal a month, just like the old days. Matt Drudge
will be very happy.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKD3K5Dmu3sY
<quote>
Clinton Used Giustra's Plane, Opened Doors for Mineral Deals
By Elliot Blair Smith
Enlarge Image/Details
Feb. 19 (Bloomberg) -- On June 21, 2005, Bill Clinton flew to Mexico
City aboard a private jet that belonged to a Canadian investment
banker he was meeting for the first time.
The introduction paid off for both men. Clinton was borrowing the
jetliner to begin a four-day speaking tour of Latin America that would
pay him $800,000. Frank Giustra of Vancouver was forming a friendship
that would make him part of the former president's inner circle and
gain him introductions to presidents of Kazakhstan and Colombia, where
he bought mineral rights.
Giustra, 50, has since put his plane at Clinton's disposal at least a
dozen times to raise money for charity, his wife's presidential
campaign or himself, according to U.S. flight records and spokesmen
for Clinton and Giustra. The Canadian businessman has become one of
the largest donors to the Clinton Foundation, pledging half his future
minerals earnings in a way that ties the foundation's success to his
own.
``If former President Clinton is making decisions about where to put
the charitable efforts of the Clinton Foundation based even partly on
where he's likely to benefit personally, or see his friends benefit,
then that clearly is a classic conflict of interest,'' says Aaron
Dorfman, executive director of the National Committee for Responsive
Philanthropy in Washington.
Three months after Clinton and Giustra met, they traveled around the
world together on a trip that included a stop in Kazakhstan where
Clinton introduced Giustra, who was closing in on a $425 million
mining investment there, to the Central Asian country's leader.
Giustra made millions on that deal.
Clinton Foundation Comments
``Mr. Giustra has publicly stated the philanthropic reasons for his
contributions,'' Ben Yarrow, a spokesman for the Clinton Foundation,
said in an e-mail when asked for comment on Clinton's use of the
Giustra plane. ``Any suggestion to the contrary is baseless.''
``President Clinton travels on both private and commercial aircraft,
including Mr. Giustra's,'' Yarrow said. ``When President Clinton
travels, his trips typically include multiple activities: foundation
related, paid speeches, official, etc.''
Since he left the White House in 2001, Clinton, now 61, has earned
more than $50 million for himself and raised hundreds of millions more
for global charities, according to New York Senator Hillary Clinton's
financial disclosures and foundation statements.
The former president has declined to identify most of his financial
benefactors, including donors to his presidential library. He says he
will make public the names of future contributors should his wife win
the Democratic nomination.
`Pursuit of Money'
``Bill Clinton is the ex-president who has pushed the pursuit of money
into the stratosphere, and will probably set a new bar for future ex-
presidents,'' says Bill Hogan, director of investigative projects at
the Center for Public Integrity, a nonprofit ethics watchdog in
Washington, and head of its Buying of the President 2008 program.
``One can imagine an ex-president saying this is none of your
business,'' Hogan says. ``It doesn't work this time because Hillary
Clinton is married to him, and she's running for the highest office in
the land.''
Tax authorities say Clinton may mix philanthropic fund raising with
personal and political business so long as he clearly distinguishes
who he represents at each juncture, and his foundation doesn't
participate directly in an election campaign.
``You've got a fellow who is active and wearing many hats, and he
seems to be bumping against these edges,'' says Kansas City attorney
Bruce Hopkins, who represents tax-exempt groups and testified before
the House Ways and Means Committee in April 2005. ```Nothing tells me
he blatantly crossed the line.''
`Joint Venture'
At the same time, the relationship ``can be construed as a `joint
venture,' with Bill Clinton traveling the globe with Mr. Giustra,
enabling him to strike lucrative business deals'' and Giustra donating
to the foundation, Hopkins said. Clinton needs to ``carefully
differentiate'' his charity and business roles or helping Giustra
could jeopardize the foundation's tax exemption, Hopkins said.
Giustra, who collects first-edition books and antiquarian coins,
generated what he described in a statement as a ``great personal
fortune'' promoting Canadian mining stocks over the past three
decades. Giustra also started the movie studio Lions Gate
Entertainment Corp. in Santa Monica, California, which he sold in
2003, and founded the Vancouver investment bank Endeavour Financial
Corp.
$131 Million
The Canadian businessman donated $31 million to Clinton's charity in
2006 through his own nonprofit, the Radcliffe Foundation. Last June,
he made an additional $100 million pledge to the newly established
Clinton Giustra Sustainable Growth Initiative, and secured the promise
of tens of millions more from Canadian mining companies. He stipulated
the funds be deployed in developing countries, where he does most of
his business.
The two men became acquainted in January 2005 when Clinton prepared a
video appeal seeking help for victims of the Asian tsunami for a fund-
raiser Giustra held in his Vancouver home.
They met six months later when Giustra's MD-87 plane -- a twin engine
jet the size of a commercial airliner, with a stateroom -- picked up
the former president at Westchester County Airport near his New York
home for the trip to South America. They made stops in Mexico,
Colombia and Brazil, according to federal aviation records confirmed
by Gordon Keep, an aide to Giustra.
Bloomberg obtained Federal Aviation Administration flight logs for
Giustra's plane for the period January 2005 through December 2007
under the Freedom of Information Act. The records show where the plane
went. They don't say who was aboard.
In September 2006, Giustra hosted a 60th birthday celebration for
Clinton in Toronto. Flight records show the plane made a New York-to-
Toronto round trip on that date.
Campaign Fund Raising
On May 20, 2007, Giustra's plane flew to Tromso, Norway, on the same
day Clinton gave a speech there for which he was paid $290,000. He
made five speeches over four days with two more stops in Norway, one
in Denmark and one in Sweden, totaling $1.485 million in personal
income.
Austria Today reported that Clinton picked up a $1 million check for
his foundation May 24 in Vienna. U.S. records show Giustra's plane
flew from Vienna that day and arrived in Rochester, New York, on May
25, where Clinton gave a speech.
Last November, the plane traveled from Manchester, New Hampshire,
where Clinton was campaigning for his wife, to Dublin and London,
where he appeared at fund-raising events for her. Clinton spokesman
Matt McKenna said the Hillary Clinton campaign paid for the flight.
A Private Dinner
When Clinton and Giustra met in June 2005 on the flight to Latin
America, the Canadian's banking firm was working on a venture that
involved investing in coal mines and developing a coal-transportation
port in Colombia, Canadian securities filings show.
Clinton arranged for Giustra to meet the president of Colombia, Alvaro
Uribe, in New York three months later, the Wall Street Journal
reported last week. Last year a Canadian company Giustra's investment
firm was advising acquired oil fields in Colombia, the Journal
reported, and Giustra met Uribe again to discuss a coal-export
project.
That was the first time the financial interests of Clinton and Giustra
converged. The second was on the former president's trip to
Kazakhstan, reported Jan. 31 by the New York Times.
On Sept. 6, 2005, Clinton flew aboard Giustra's plane into Almaty,
Kazakhstan's largest city, where the two men met up and shared a
private dinner with President Nursultan Nazarbayev, according to
interviews and public statements at the time.
The U.S. State Department's country report on human rights for
Kazakhstan for 2006, the latest available, criticized the regime for
``pervasive corruption'' as well as arbitrary arrests and detentions,
particularly of government opponents.
`Keep Working'
Clinton and Nazarbayev discussed AIDS prevention, economic development
and government, according to their statements.
Another topic of discussion was an agreement Giustra was negotiating
with the Kazakhstan government and a former energy minister to buy
controlling stakes in three uranium mines.
``When they came here the deal was almost finalized,'' says Mukhtar
Dzhakishev, the president of Kazakhstan's state-owned uranium
enterprise, JSC National Atomic Company Kazatomprom.
``Mr. Giustra said to our president that everything was going smooth
with Kazatomprom and everything was OK,'' says Dzhakishev, one of the
principal negotiators, who didn't attend the dinner. ``The president
said, `OK, keep working.' That's basically all that was devoted to
Kazatomprom during that meeting.''
College Roommate
Each leader came away from the dinner with something. Clinton
collected a $500,000 pledge from Kazakhstan's president to assist
Hurricane Katrina victims. Nazarbayev issued a press release claiming
support from Clinton for Kazakhstan's bid to chair the 56-state
Organization for Security and Cooperation in Europe, based in Vienna.
Kazakhstan was awarded the chair last November.
Clinton and Giustra were in China three days later when negotiations
concluded on the uranium deposits, according to an October 2005
Canadian securities filing that outlines the deal.
The titular seller of two of the three properties was Mukhtar
Ablyazov, 44, Kazakhstan's energy minister in the late 1990s. He
received $350 million through holding companies he controlled in
Cyprus and the British Virgin Islands, according to the filing. The
government retained a 30 percent stake in the properties.
Dzhakishev says Ablyazov, a college roommate of his in the 1980s, had
obtained title to the uranium deposits from the government in early
2005, assuming $1.7 million in debt.
`No Involvement'
Ablyazov, who had become a political opposition leader, was imprisoned
on corruption charges in 2002 and was pardoned by Nazarbayev the
following year. He is now chairman of Kazakhstan's second-largest
bank, JSC Bank TuranAlem. He declined to discuss the uranium
transaction.
Dzhakishev, who keeps Clinton's photograph next to his desk, said
Nazarbayev ultimately had to approve the government's sale of the
uranium interests to Giustra.
Keep, when asked whether Clinton's presence was helpful to Giustra in
any aspect of the mining deal, says: ``I'm sure it didn't hurt Frank's
credibility to be seen with him.'' Keep said the banker's lawyers
established that Ablyazov had legal rights to the uranium deposits he
was selling.
``President Clinton had no involvement in Frank Giustra's business
dealings in Kazakhstan,'' Clinton spokesman McKenna says. ``He did not
speak with anyone on behalf of Mr. Giustra's ongoing business deal. He
also took no action in support of it.''
Giustra said in a statement that he traveled with Clinton from
Kazakhstan through Asia to evaluate the foundation's AIDS work.
Clinton ``did not play a role'' in the uranium purchase, he said.
UrAsia Energy
Raymond Baker, director of the Global Financial Integrity program at
the Center for International Policy in Washington, says Clinton should
have been more careful about the trip.
``A president who wanted to assure that his good name is deserved
would steer clear of accepting an airplane ride to Kazakhstan, or
being involved even peripherally in this business deal,'' Baker says.
``Kazakhstan has a track record of such enormous corruption,
particularly in natural resource transactions, that one should be
extremely cautious in getting involved.''
That November, after the uranium deal almost unraveled because of a
change in Kazakhstan's minerals law, Giustra flew back to Kazakhstan
for another meeting with Nazarbayev to get it on track, Keep says.
The minerals transfer gave birth to UrAsia Energy Ltd., a Toronto
Stock Exchange-listed company created by Giustra's Endeavour just
before the surge in uranium's price to today's $84 a pound from $30 in
September 2005.
Visit to Clinton
In February 2007, Endeavour sold UrAsia for $1.8 billion to Uranium
One Inc. of Johannesburg, South Africa, now the industry's second-
largest company by capitalization after Saskatoon, Saskatchewan-based
Cameco Corp.
The same month, Dzhakishev said Giustra arranged for him to visit
Clinton at his home near New York to discuss the future of nuclear
power.
Giustra's UrAsia stock was worth about C$50 million shortly before the
merger closed. The value of the stock since has dropped by half. He is
no longer listed as a major shareholder.
Clinton and Giustra continue to work together on their entrepreneurial
approach to charity.
On March 1, they are co-hosting a charitable dinner in Toronto where
mining executives are paying up to $350,000 a table to see such
artists as Elton John, Shakira, John Travolta and Robin Williams. The
most expensive tables already are sold out.
</quote>