Tangentially related
Laureate Education, Inc. is in trouble with the SEC for failure to disclose that it is under IRS investigation in its IPO offering (which launches in a few days). Laureate's IRS problem has to do with its “pay to play” relationship with Bill and Hillary Clinton. Not to get too deep in SEC rules, but this type of thing (IRS issue) MUST be disclosed (and its not a close call).
Laureate’s relationship with the Clintons began in 2010, when it paid Bill
$16.5M as its “honorary chancellor” for five years. If you do not already know, that title means he did nothing. He got paid $16.5M for doing nothing.
But wait, that's not all, Laureate's chairman and CEO Douglas Becker also donated another
~$5M to the Clinton Foundation.
But wait, that's not all (again), while Hillary was SOS, State’s U.S. Agency for International Development awarded
$55M to the International Youth Foundation (IYF), which is linked to Laureate and is chaired by Becker.
Lastly, the current version of Laurete is a KKR deal (which, if you know what that means, you know it was an LBO). The LBO (2007) left the company with principal owners including
George Soros and Paul Allen. Steven A. Cohen used to also be an owner but he is now barred by the SEC from managing anyone else's money. It's a lovely group.
Admit it, you knew Soros would somehow be involved in this mess.
http://www.nasdaq.com/markets/ipos/...BG43513_PRESENTATION_OF_FINANCIAL_INFORMATION
Here, the WAPO says Bill got
$18M total from them
https://www.washingtonpost.com/poli...3fc4d4d12b4_story.html?utm_term=.7dcca10d193bClick to expand...