Hillary Clinton took to Twitter last Wednesday to call Trump University “a fraudulent scheme used to prey upon those who could least afford it,” but this is what Jackie Mason would call Chutzpah, because the Clintons have a university scandal of their own and its magnitude dwarfs Trump U.

The Clinton Global Initiative joint venture with Laureate Education, a shaky for-profit chain of schools, to create CGI-University is the final step in an incredible predatory stock deal.

Laureate Education deal used high-pressure boiler room tactics to rack up $750 million of debt on students while running a $457 Million debt at the same time Bill Clinton was taking lavish – but hidden – compensation from Laureate while Hillary’s State Department was lavishing $150 million from the chain of for-profit schools that has a more than 50% graduation rate and a high drop-out rate.

Forbes Magazine reported that Laureate “induces students to incur massive tuition debt to attend a school with no academic reputation and virtually no standards for admission other than the ability to pay.”

But, it’s worse than that.

Laureate is a highly leveraged failing investment whose principal beneficiaries are Wall Street fat cats and billionaire friends of William Jefferson Clinton.

The Friends of Bill still plan an lucrative IPO but nowhere is it disclosed what Bill Clinton is holding in terms of stock options.

In August 2007, Laureate Education went private in a very risky multibillion dollar hugely leveraged transaction.

This was towards the tail end of the financial bubble. The leveraged buyout was completed later in August for around $3 billion in debt plus equity.

Driving the deal was Hedge Fund King Steven Cohen. Other investors were George Soros, Henry Kravis of the Wall Street investment banking firm KKR and Paul Allen of Microsoft fame.

As I laid it out in the Daily Caller: After the deal closed, the schools had great financial difficulties, and these capital suppliers grew concerned. Bill Clinton’s pals were feeling squeezed as a profitable exit seemed less and less likely.

To dress the deal up in 2010, Bill Clinton was brought in to serve as “Chancellor,” a part-time position for which he was collecting $16 million through early 2015.

This extraordinary compensation was never properly disclosed until 2015. Many in on the deal also paid Bill and Hillary big fees for speeches as well.

Bill Clinton was thus collecting from both Laureate equity and debt suppliers. The Laureate CEO, Doug Becker, is involved as a Clinton backer, Clinton Global Initiative and Clinton Foundation donor and involved in the International Youth Foundation, a recipient of favors and money from the Clinton-led Department of State.

Incredibly, in 2013 the International Finance Corporation announced a record setting $150 million investment in Laureate at a time when its financial condition was rocky at best. Clinton’s involvement sealed the deal.

Then the Clinton Global Initiative and Clinton Foundation entered into a joint venture with Laureate to create CGI-University. Yet none of these related party disclosures are included in any of the Clinton Foundation or Clinton Global Initiative filings for relevant periods (starting in 2008 or so).

New York State law requires specific approvals for an entity to hold itself out as being a university.

Laureate is actually the world’s largest for-profit education chain. The Clinton’s involvement started in 2009, just a few months after Hillary became Secretary of State.

While planning a private dinner on education policy, she urged State Dept. officials to invite a representative from Laureate International Universities. In emails recently released from Hillary’s server, she calls Laureate “the fastest growing college network in the world” and “…started by Doug Becker, who Bill likes a lot.”

To underline her case she says, “It’s a for-profit model that should be represented.” The key word is “profit.”

Another email shows that Laureate Senior Vice President Joseph Duffy (once the Rev. Joseph Duffy an anti-Vietnam war former Democratic candidate for the U.S. Senate) and a long time FOB, was in attendance at the dinner. Apparently they cut the deal.

Weeks later Duffy announced Bill would be “Honorary Chancellor.” The payment for having the Clintons’ work their magic was not disclosed.

That is until July 2015 when Hillary’s tax returns showed that between 2010 when Bill became pitchman and 2015 when he stepped down he was paid $16.5 million.

Hillary now stepped up her involvement by making Laureate part of her State Dept. Global Partnership. In turn the Department poured millions of dollars into a nonprofit group called the International Youth Foundation.

Trouble was that the IYF is chaired by Doug Becker of Laureate.

A financial investigation by Bloomberg shows that prior to Bill and Hillary’s involvement, the IYF received only 11 grants totaling $9 million, mostly from the U.S. Agency for International Development (USAID).

Once the Clinton team went to work in 2010, the IYF received 14 grants worth $15.1 million. In 2011 they received 13 grants worth $14.6 million and in 2012 it jumped to 21 grants worth over $25.5 million. Then, as Hillary considered her presidential aspirations, Bill quietly stepped down.

Laureate turns out to be a Clinton Foundation donor to the tune of between $1 and $5 million through 2014. So let me get this right: The nonprofit IYF benefits from millions of dollars ($55 million) donated by the State Dept. (Check) The IYF’s sister group, the for-profit Laureate, both run by the same person, (Check) donate between $1 and $5 million back to the Clinton’s via their foundation, (Check) and Bill Clinton walks away $16.5 million richer. (Check) Did I mention that Laureate spends $200 million a year on advertisement?

During the time that Hillary was in charge of the State Dept., Bill spoke at Laureate campuses in Honduras, Mexico City, Germany, Spain, Turkey, Malaysia, Brazil, Peru, and the United States. Do I see a pattern here? Are the Clintons paying themselves with State Dept. money?

The Laureate scam is classic Clinton manipulation; they’ve been doing it for years.

Is it just a coincidence that Hillary’s State Dept. approved $165 billion in arms deals to nations who had previously given money to the Clinton Foundation? Is there a connection between a $200,000 payment made to Bill Clinton by Goldman Sachs in 2011 and the bank’s efforts to lobby the State Dept. ahead of legislation involving the Export-Import Bank which was set to provide a loan that would end up financing the purchase of millions of dollars in aircraft from a company partially owned by Goldman?

Federal Election Commission records show that Doug Becker is listed as a donor to Hillary Clinton’s Senate re-election campaign and her first presidential campaign. (He should have plenty of money, what with all the loot he got from Hillary’s State Dept.)

In further developments documents uncovered by Judicial Watch show Laureate Education paid Bill Clinton through a “shell corporation” which somehow passed State Dept. security while Hillary was in charge. Hmm, wonder how that happened? The shell corporation, WJC LLC was designed as a pass-through account to keep Bill’s consulting fees off the books. In other words, the payments to Bill were never properly disclosed.

Laureate has an insatiable appetite for enrolling students, luring anyone to enroll through slick advertising featuring Bill Clinton praise and pictures. Bill help’s real them in.

I mean if a former president beckons you to enroll, then it must be worth it. Unfortunately, it doesn’t work out that way.

In fact in its July 12, 2015 issue, Forbes published a story showing how for-profit colleges encourage huge student debt. The biggest student borrowers can be found at Laureate Education’s Walden University.

Those students borrowed $756 million in 2014. Forbes also pointed out that Laureate “induces students to incur massive tuition debt to attend a school with no academic reputation and virtually no standards for admission other than the ability to pay.”

The most appalling thing is the way Hillary Clinton talks about how she’s going to get “tough on federal aid that flows to those kinds of for-profit institutions, strengthening the ‘gainful employer rules’ that require schools to prepare students for the workforce.”

In a message she posted on Medium.com, she said, “There are students who take out loans to pay for an expensive degree from a for-profit institution, only to find little support once they actually enroll, or they graduate and discover that, when it comes to finding a job, their degree isn’t worth what they thought.”

This is the same Hillary Clinton that made the for-profit Laureate part of her State Dept. Global Partnership. The same Clinton whose husband raked in $16.5 million.

Donald Trump’s University problems are a skin blemish compared to the Clintons’ Laureate Leprosy.

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!


Related Articles