Exclusive, explosive reports from the patriot
Joint U.S.-French Intelligence Task Force,
operating on American soil for over 200 years
TOM HENEGHAN INTELLIGENCE BRIEFINGS
ALL Patriot Americans MUST know with sources inside
American/European intelligence agencies and INTERPOL
reporting what is really going on behind the scenes of the
corporate-controlled, fascist, extortion-friendly
propaganda U.S. media's massive deceptions
Protect and defend YOUR Constitution Bill of Rights,
the Supreme Law of the United Stateshttp://www.
https://twitter.com/Tom_
Joint U.S.-French Intelligence Task Force,
operating on American soil for over 200 years
TOM HENEGHAN INTELLIGENCE BRIEFINGS
ALL Patriot Americans MUST know with sources inside
American/European intelligence agencies and INTERPOL
reporting what is really going on behind the scenes of the
corporate-controlled, fascist, extortion-friendly
propaganda U.S. media's massive deceptions
Protect and defend YOUR Constitution Bill of Rights,
the Supreme Law of the United Stateshttp://www.
https://twitter.com/Tom_
Sunday May 29, 2016
DULY ELECTED President Albert Gore Jr.
awaits inauguration, our U.S. Constitution that is
the Supreme Law of the United States demands it!
As we live free or die, Lafayette remains at Brandywine and
Albert Gore Jr. remains the year 2000,
U.S. Constitution DULY ELECTED, non-inaugurated,
natural born REAL President of the United States.
Al Gore on Restoring the Rule of Law
http://www.acslaw.org/acsblog/
Albert Gore Jr. remains the year 2000,
U.S. Constitution DULY ELECTED, non-inaugurated,
natural born REAL President of the United States.
Al Gore on Restoring the Rule of Law
http://www.acslaw.org/acsblog/
Crooked Hillary Clinton War Monger Totally Exposed
by Tom Henegan, International Intelligence Expert
UNITED States of America - It can now be reported that former Assistant U.S. Attorney General Eric Holder has testified and supplied evidence inside the U.S. Military Grand Jury operating in Washington, D.C. fingering Bill and Hillary Clinton, along with Bush Crime Family crony James Baker III and then Democratic Congressman, extortion-friendly, Nazi Jew, crooked bank stooge, Barney Frank, for blackmailing and issuing death threats against Holder and then U.S. Attorney General Janet Reno in regards to 17 criminal referrals dealing with massive vote fraud and violation of the Voting Rights Act of 1965 and the Civil Rights Act of 1964 regarding 70,000 African-American legally registered voters in the State of Florida that were not allowed to vote in the year 2000 presidential election aka a massive coup d'état versus the American People.
Holder has also fingered the NAZI Paperclip NSA for massive illegal espionage against the American People that actually started before 9/11 on the day junior George W. BushFRAUD and pedophile Dick Cheney were illegally inaugurated (the blackest day in American history since the assassination of President Kennedy on November 22, 1963).
P.S. We can also divulge that Holder and the current U.S. Inspector General are also working to unravel a major massive Israeli espionage network along with the U.S. NSA, that is still conducting massive illegal espionage against the American People, including planning a "cyber attack" against the American grid and the U.S. infrastructure.
Individual names on the hot list include:
U.S. Senator Dianne Feinstein, D-CA
U.S. Congressman Steven Israel, D-CA
Former Republican Speaker of the House Newt Gingrich, R-GA
Former Clinton Administration era alleged Independent Counsel Kenneth W. Starr
(currently turning Baylor University into a Bush-Clinton Nazi Jew Israel Mossad outpost)
Weekly Standard magazine editor and journalist Nazi Jew neocon Bill Kristol
(Note: Kristol has now been linked by U.S.-French Intelligence to conference calls with former Republican nominee loser and Mormon pedophile Mitt Romney and the current Israel Prime Minister Nazi Jew Benjamin Netanyahu on a daily basis, including death threats against now without a shadow of a doubt, year 2000 DULY ELECTED, non-inaugurated, natural born, REAL President of the United States Albert Gore Jr.
Direct message to Nazi Jew Kristol: Your ass is grass, bitch)
Internet mogul Alex Jones of infowars.com
last but not least, both Bill and Hillary Clinton
Major assets of the now criminally fingered Israeli Mossad include CNN journalist Gloria Borger and Joy Reid of MSNBC.
Note: We will supply more names of TREASONOUS U.S. politicians who have been on the take for years, along with criminal U.S. media royal court messengers in our next briefing.
Happy Memorial Day to all freedom loving Americans.
The Second American Revolution continues - we will soon have our Constitution Rule of Law and our American way of life back with the help of God Almighty!
. . .
. . .
HILLARY says we will PROVOKE WAR - we'll be in POWER Forever!
LAUGHING HYSTERICALLY! Hillary, teaming up with James Baker, agrees. We need to Provoke war. There is no other way to explain her comments. She seems to think POWER over the world is desirable and wants someone to attack us, bring it on she says!
If these comments were said by any other politician, they would be finished. Will she get away with these comments?
Some have said she is Teflon plated. I believe she is simply Elite backed, and speaking what her handlers, the puppet masters, want her to say. This is why they use her, they can say, and do, anything they want. You, the people, will never care, or be shocked, by any comments coming from her mouth.
How sad. How sad that the American people do not see, have no understanding, and cannot tell the difference between a puppet and a human.
Bill Clinton's Personal Aide - With No Security Clearance - Operated Hillary's Email Server
By Dick Morris on May 26, 2016Buried in a footnote and text of the scathing report by the State Department’s Inspector General (IG) about Hillary’s emails is evidence that the private email server that carried America’s top secret information to and from the Secretary of State was installed, maintained, and partially operated by a civilian aide to Bill Clinton who lacked any security clearance and did not even work for the government.
This extensive reliance on a close assistant to Bill Clinton raises questions about the handling of classified material by the Secretary of State. If General David Petraeus was held accountable to passing secret information to his biographer and mistress, what are we to make of the routine access to potentially all secret information granted to Hillary’s husband’s aide?
While not named in the report itself, the “non-Department” aide referred to is apparently Justin Cooper, longtime aide-de-camp to the former president. Cooper had no security clearance and no expertise whatsoever in safeguarding computers. He helped Bill Clinton research two of his books, frequently traveled with Clinton, was involved in Clinton Foundation fundraising, and, at the same time, worked for Teneo — the sprawling investment banking, political consulting, and PR firm that started on Hillary’s tenure. Teneo paid Bill Clinton, Huma Abedin, Doug Band, Justin Cooper. The firm was founded by two former State Department employees and then hired four more.
It was Cooper who initially opened and registered the private server and it was he who apparently maintained its security. But that wasn’t the end of it. MORE
http://www.dickmorris.com/
"Bill Clinton Was Here": The Elite One-Percent's 'Orgy Island' Exposed
Submitted by Tyler Durden on 05/29/2016 17:37 -0400Submitted by Shepard Ambellas of IntellliHub
The Elite One-Percent’s ‘Orgy Island’ Exposed
If you can name it — it has likely taken place this the lavish private island off the coast of Puerto Rico which boasts a beautifully landscaped plush luxury estate complete with its own helipad, privy only to certain members of the global elite.
Owned by Jeffery Epstein, a wealthy American financier and convicted sex offender, Little St. James Island appears to be somewhat of a gathering place and is a well desired hangout among key figureheads, actors and royalty to the likes of former U.S. President Bill Clinton, Kevin Spacey and even Prince Andrew.
Bill Clinton made multiple trips to Epstein's private island,
Little St James (pictured), between 2002 and 2005
However, the people attending the lavish residence are likely do not go there to discuss “cutting edge scientific and medical research” as the Epstein VI Foundation would like you to believe, but rather go there to experience full-on sexual encounters with underage girls as young as fourteen.
That’s right, just like a scene out of the Hollywood blockbuster film Eyes Wide Shut, starring Tom Cruise, from wild parties to prostitution, orgies and even underage sex, Little St. James reportedly has it all and is seemingly a gathering point frequented by prominent jet-setters, and it is all being exposed. The cat is out of the bag so to speak.
Back in 2005 police conducted an 11-month-long undercover investigation on Jeffery Epstein and his estate after the mother of a 14-year-old girl went to police after suspecting her daughter was paid $300 for at least one sexual act on the island in which she was ordered to strip, leaving on just her panties while giving Epstein a massage.
Although police found tons of photos of young women on the island and even interviewed eyewitnesses, Epstein was hit with a mere slap on the wrist after "pleading to a single charge of prostitution." Epstein later served 13-months of his 18-month service in jail.
In 2008 Epstein was hit again, this time with a $50 million civil suit after another victim, a woman, made a filing in a federal court claiming that she was “recruited” by Epstein to give him a “massage” but was essentially forced into having sexual intercourse with him for $200, which was payable upon completion.
Additionally it is important to point out that Bill Clinton has been mentioned by the press often over the years — and not just for his controversial relationship with Monica Lewinsky, but rather his friendship with Jeffery Epstein.
In fact, flight records indicate that ol’ Billy-boy would frequent the island paradise around the 2002 and 2005 era, while Hillary, Bill’s wife, was a Senator in New York.
Bill Clinton and Jeffrey Epstein
The Daily Mail wrote about one woman’s experience on the island:
‘I remember asking Jeffrey what’s Bill Clinton doing here kind of thing, and he laughed it off and said well he owes me a favor,’ one unidentified woman said in the lawsuit, which was filed in Palm Beach Circuit Court.
The woman went on to say how orgies were a regular occurrence and she recalled two young girls from New York who were always seen around the five-house compound but their personal backstories were never revealed.
"At least one woman on the compound was there unwillingly" and was an actual sex slave, according to the Daily Mail.
The woman was allegedly forced to have sex with "politicians, businessmen, royalty, [and] academics" at the retreat and was just one of "more than 40 women" that have come forth with claims against Epstein, showing the vast scale of the man’s dark operations, which aren’t limited only to ‘Orgy Island.’
Moreover Epstein was invited to Chelsea Clinton’s wedding in 2010, amongst 400 other guests, demonstrating his close friendship with the Clinton family.
To top it all off “Prince Andrew was allegedly one of the house’s visitors. On Friday, the Duke of York was named in a federal lawsuit filed against Epstein, whom the FBI once reportedly linked to 40 young women. Filed in 2008 in the Southern District of Florida, the $50 million lawsuit claimed Epstein had a “sexual preference and obsession for underage minor girls … gained access to primarily economically disadvantaged minor girls in his home, sexually assaulted these girls”, as reported by the Washington Post.
Little St James (pictured), between 2002 and 2005
However, the people attending the lavish residence are likely do not go there to discuss “cutting edge scientific and medical research” as the Epstein VI Foundation would like you to believe, but rather go there to experience full-on sexual encounters with underage girls as young as fourteen.
That’s right, just like a scene out of the Hollywood blockbuster film Eyes Wide Shut, starring Tom Cruise, from wild parties to prostitution, orgies and even underage sex, Little St. James reportedly has it all and is seemingly a gathering point frequented by prominent jet-setters, and it is all being exposed. The cat is out of the bag so to speak.
Back in 2005 police conducted an 11-month-long undercover investigation on Jeffery Epstein and his estate after the mother of a 14-year-old girl went to police after suspecting her daughter was paid $300 for at least one sexual act on the island in which she was ordered to strip, leaving on just her panties while giving Epstein a massage.
Although police found tons of photos of young women on the island and even interviewed eyewitnesses, Epstein was hit with a mere slap on the wrist after "pleading to a single charge of prostitution." Epstein later served 13-months of his 18-month service in jail.
In 2008 Epstein was hit again, this time with a $50 million civil suit after another victim, a woman, made a filing in a federal court claiming that she was “recruited” by Epstein to give him a “massage” but was essentially forced into having sexual intercourse with him for $200, which was payable upon completion.
Additionally it is important to point out that Bill Clinton has been mentioned by the press often over the years — and not just for his controversial relationship with Monica Lewinsky, but rather his friendship with Jeffery Epstein.
In fact, flight records indicate that ol’ Billy-boy would frequent the island paradise around the 2002 and 2005 era, while Hillary, Bill’s wife, was a Senator in New York.
Bill Clinton and Jeffrey Epstein
The Daily Mail wrote about one woman’s experience on the island:
‘I remember asking Jeffrey what’s Bill Clinton doing here kind of thing, and he laughed it off and said well he owes me a favor,’ one unidentified woman said in the lawsuit, which was filed in Palm Beach Circuit Court.
The woman went on to say how orgies were a regular occurrence and she recalled two young girls from New York who were always seen around the five-house compound but their personal backstories were never revealed.
"At least one woman on the compound was there unwillingly" and was an actual sex slave, according to the Daily Mail.
The woman was allegedly forced to have sex with "politicians, businessmen, royalty, [and] academics" at the retreat and was just one of "more than 40 women" that have come forth with claims against Epstein, showing the vast scale of the man’s dark operations, which aren’t limited only to ‘Orgy Island.’
Moreover Epstein was invited to Chelsea Clinton’s wedding in 2010, amongst 400 other guests, demonstrating his close friendship with the Clinton family.
To top it all off “Prince Andrew was allegedly one of the house’s visitors. On Friday, the Duke of York was named in a federal lawsuit filed against Epstein, whom the FBI once reportedly linked to 40 young women. Filed in 2008 in the Southern District of Florida, the $50 million lawsuit claimed Epstein had a “sexual preference and obsession for underage minor girls … gained access to primarily economically disadvantaged minor girls in his home, sexually assaulted these girls”, as reported by the Washington Post.
Goldman Sachs Is The Gift That Keeps On Giving...To The Clintons
Published: May 28, 2016Source: Zero Hedge
By now we all know that Goldman Sachs is the gift that keeps on giving to the Clintons. Whether it's paying millions out for speeches, investing in family member's failing hedge fund ventures, or donating hundreds of thousands to the Clinton Foundation, Goldman seems to be keeping a close relationship with the family.
What's a more fun development to watch (other than to see Lloyd Blankfein lose money invested with a Clinton son-in-law) is how persistent The Intercept is being with Hillary about Goldman. Every chance it gets, The Intercept has a reporter asking Clinton about Goldman related items, and of course they never get an answer.
Earlier this year The Intercept caught up with Hillary and asked if the transcripts of the speeches given to Goldman would be released. Clinton's response was just to laugh of course, because as we all know, those will never be released... on purpose anyway.
The Intercept: "Hi Secretary Clinton, will you release the transcript of your paid speeches to Goldman Sachs?"
Clinton: "Ha ha ha ha ha ha ha"
At a Clinton campaign rally in San Francisco last Thursday, The Intercept's Lee Fang caught up with Clinton again and this time wanted to ask about Goldman CEO Lloyd Blankfein's investment in her son-in-law Marc Mezvinsky's hedge fund Eaglevale Partners.
The Intercept: "Hi Secretary Clinton, do you know how much money Lloyd Blankfein invested in your son-in-law's hedge fund?"
After being ignored multiple times, Clinton's traveling press secretary Nick Merrill stepped to ask just what Fang was trying to find out more about.
Merrill: "Hey buddy how are you. What's your name?"
The Intercept: "Lee Fang"
Merrill: "Hi I'm Nick, I'm her spokesperson. What are you trying to find out more about?"
The Intercept: "I want to know how much money Lloyd Blankfein invested in Marc Mezvinsky's hedge fund. Do you know how much money Nick?"
Merrill: "I don't know has it been reported?"
The Intercept: "No it hasn't. Could you find out the amount for me?"
Merrill: "I don't know what the amount is. You wanna give me your contact information?"
The Intercept: "So you're gonna get back to me?"
Merrill: "I'll email you right now"
* * *
Of course Merrill never got back, but that's to be expected as the entire campaign continues to dodge any questions around the matter. The enjoyment that can be gained from watching The Intercept dog Clinton for answers is priceless however, and it's nice to see that Goldman is the gift that keeps on giving to Clinton, especially as an inconvenience on the campaign trail.
Earlier this year The Intercept caught up with Hillary and asked if the transcripts of the speeches given to Goldman would be released. Clinton's response was just to laugh of course, because as we all know, those will never be released... on purpose anyway.
The Intercept: "Hi Secretary Clinton, will you release the transcript of your paid speeches to Goldman Sachs?"
Clinton: "Ha ha ha ha ha ha ha"
At a Clinton campaign rally in San Francisco last Thursday, The Intercept's Lee Fang caught up with Clinton again and this time wanted to ask about Goldman CEO Lloyd Blankfein's investment in her son-in-law Marc Mezvinsky's hedge fund Eaglevale Partners.
The Intercept: "Hi Secretary Clinton, do you know how much money Lloyd Blankfein invested in your son-in-law's hedge fund?"
After being ignored multiple times, Clinton's traveling press secretary Nick Merrill stepped to ask just what Fang was trying to find out more about.
Merrill: "Hey buddy how are you. What's your name?"
The Intercept: "Lee Fang"
Merrill: "Hi I'm Nick, I'm her spokesperson. What are you trying to find out more about?"
The Intercept: "I want to know how much money Lloyd Blankfein invested in Marc Mezvinsky's hedge fund. Do you know how much money Nick?"
Merrill: "I don't know has it been reported?"
The Intercept: "No it hasn't. Could you find out the amount for me?"
Merrill: "I don't know what the amount is. You wanna give me your contact information?"
The Intercept: "So you're gonna get back to me?"
Merrill: "I'll email you right now"
* * *
Of course Merrill never got back, but that's to be expected as the entire campaign continues to dodge any questions around the matter. The enjoyment that can be gained from watching The Intercept dog Clinton for answers is priceless however, and it's nice to see that Goldman is the gift that keeps on giving to Clinton, especially as an inconvenience on the campaign trail.
Clinton ignores question of how much money Goldman Sachs CEO gave her son-in-law's hedge fund
Published: May 28, 2016Source: RT
Hillary Clinton refused to disclose how much money Goldman Sachs’ chief executive invested in her son-in-law’s fund, ignoring questions from The Intercept during a photo-op fundraising event in San Francisco.
The publication’s reporter, Lee Fang, visited Clinton’s campaign rally in San Francisco on Thursday, as she kept busy touring California to raise last minute support ahead of the crucial June 7 primary.
As the former secretary of state was doing photo ops, Fang jumped in with his question.
“Do you know how much money [Goldman Sachs chief executive] Lloyd Blankfein invested in your son-in-law’s hedge fund?”
In fact, he peppered her with the question, but Clinton chose not to pay any attention at all, staying focused on picture-taking with her supporters.
Moments later, Clinton’s campaign traveling press secretary Nick Merrill stepped in, but he was unable, or unwilling, to help when asked the same question.
“I don’t know, has it been reported?” Merrill responded, before promising to “email it right now” once Fang handed off his contact information.
Merrill has yet to follow up, according to Fang.
Eaglevale Partners LP, founded by Marc Mezvinsky, husband of Hillary’s daughter Chelsea Clinton, and his two partners, has been supported with investments from several wealthy names of Wall Street, including Goldman Sachs chief executive Blankfein.
The CEO also allowed the use of his name in the marketing of Mezvinsky’s flagship fund, which is currently managing about $330 million.
However, despite having Blankfein by his side, Mezvinsky and his fund suffered losses linked to an ill-timed bet on Greece’s economic recovery. It was reportedly the Clinton’s son-in-law, who recommended his investors to put their money behind Greek government bonds, betting that the Greek economy would improve.
In February 2015, the Wall Street Journal broke the news that Eaglevale admitted in a letter to its investors that it was “incorrect” on Greece. According to the newspaper, the dedicated Greek fund also included an investment from Marc Lasry, a longtime Clinton donor, who formerly employed Chelsea Clinton at his $13.3 billion New York hedge-fund firm, Avenue Capital Group.
After losing 90 percent of its value, Mezvinsky was forced to close the Greece-focused fund called Eaglevale Hellenic Opportunity earlier this year. According to The New York Times, the fund raised $25 million from investors in order to buy Greek bank stocks and government debt.
Goldman Sachs is known to have cozy financial relations with the Clintons, including the company’s paying $675,000 in personal speaking fees to Hillary Clinton as well as $1,550,000 to Bill Clinton for the same service. Donations between $250,000 and $500,000 were also made to the Clinton Foundation, The Intercept reported.
The publication has been trying to find out whether Hillary Clinton is going to release the transcripts of her paid speeches to Goldman Sachs. Fang is reported to have been the first to pose that question in January, but four months later, the likely Democratic nominee for president only laughed and turned away.
Throughout her campaign, Clinton has been repeatedly called upon to disclose her relationships with Wall Street banks, but she has so far avoided giving direct answers.
Former Goldman Traders Said to Start Hedge Fund With Mezvinsky
Hillary Clinton Son-In-Law's Hedge Fund Shuts Down Greek Fund After 90% Loss
Submitted by Tyler Durden on 05/10/2016 21:51 -0400Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last February they had been "incorrect" on Greece, generating staggering losses for the firm’s main Eaglevale Hellenic Opportunity, a/k/a the "Greek recovery" fund during most of its life. By 'incorrect' the Clinton heir apparent meant the $25 million Eaglevale Greek fund had lost a stunning 48% in 2014.
Which is not to say the larger fund it was part of is doing any better: as of last February, Eaglevale had spent 27 of its 34 months in operation below its high-water mark. We are confident that 13 months later the numbers are 40 out of 47, respectively.
As a reminder, 2013, Institutional Investor proclaimed Mezvinsky "a hedge fund rising star"...
In late 2011, Marc Mezvinsky co-founded New York-based, macro-focused hedge fund firm Eaglevale Partners with Bennett Grau and Mark Mallon, two Goldman Sachs Group proprietary traders whom he'd gotten to know when they all worked at the bank. Best known as the husband of Chelsea Clinton, Mezvinsky, 35, who has a BA in religious studies and philosophy from Stanford University and an MA in politics, philosophy and economics from the University of Oxford, has been quietly building his finance career. Before launching his own firm, the longtime Clinton family friend was a partner and global macro portfolio manager at New York- and Rio de Janeiro-based investment house 3G Capital. Eaglevale manages more than $400 million.
Alas, he was anything but, and instead of having a real grasp of macroeconomic events, or how to - you know - hedge, he decided to dump millions in Greece just before the country entered a death spiral that culminated with its third bailout, capital controls, insolvent banks and a terminally crippled economy.
Meanwhile, things went from terrible to abysmal for both the clueless hedge fund manager and his LPs, and as the NYT reports, Hillary Clinton's son-in-law is finally shutting down the Greece-focused fund, after losing nearly 90% of its value. Investors were told last month that Eaglevale Hellenic Opportunity would finally be put out of its misery and would shutter.
The closure comes as the worst possible time: we are confident that Donald Trump will be quick to work it into his political attack routine.
Mr. Chelsea Clinton and his partners began raising money in 2011 from investors for the firm’s flagship fund. Since then, that portfolio has posted uneven performance. A Stanford University graduate, Mr. Mezvinsky worked at Goldman for eight years before leaving to join a private equity firm. He left that job to form Eaglevale with two longtime Goldman partners, Bennett Grau and Mark Mallon. The hedge fund firm is named after a bridge in Central Park.
As noted above, some of the firm’s earliest investors were Goldman partners, including Lloyd C. Blankfein, Goldman’s chief executive officer, who let Eaglevale use his name in marketing the flagship fund. Ironically this is in addition to the hundreds of thousands of dollars that Goldman paid to Marc's mother-in-law. One almost wonders who "benefits" Goldman was seeking to get out of this particular relationship.
But on a less sarcastic note, we agree with the NYT that it is not at all clear why Eaglevale waited until this year to close the Hellenic fund, which already had lost about 40% of its value by early last year.
Perhaps it was just hope that the Greek people would simply pick up and rebuild the devastated economy from scratch, ideally without getting paid (the word slavery comes to mind), thereby miraculously rescuing his investment. In letters to investors in 2014, Mezvinsky and his partners expressed confidence that Greece would soon be on the path to a “sustainable recovery.” But by the end of that year, Eaglevale’s leaders began to acknowledge that their perspective on the situation in Greece may have been wrong. The fund had earlier stopped taking in new money.
We will conclude by stealing the NYT's tongue in cheek humor:
The one silver lining for the fund’s investors from all of this is that they will have a somewhat larger tax loss on investments to claim next year.
True: it's all funny if one assumes that none of the people who were invested in Mezvinsky's pet fund actually needed the cash (we doubt Blankfein will lose sleep over a few million). For all those others who actually did, the joke's on them.
http://www.zerohedge.com/news/
In late 2011, Marc Mezvinsky co-founded New York-based, macro-focused hedge fund firm Eaglevale Partners with Bennett Grau and Mark Mallon, two Goldman Sachs Group proprietary traders whom he'd gotten to know when they all worked at the bank. Best known as the husband of Chelsea Clinton, Mezvinsky, 35, who has a BA in religious studies and philosophy from Stanford University and an MA in politics, philosophy and economics from the University of Oxford, has been quietly building his finance career. Before launching his own firm, the longtime Clinton family friend was a partner and global macro portfolio manager at New York- and Rio de Janeiro-based investment house 3G Capital. Eaglevale manages more than $400 million.
Alas, he was anything but, and instead of having a real grasp of macroeconomic events, or how to - you know - hedge, he decided to dump millions in Greece just before the country entered a death spiral that culminated with its third bailout, capital controls, insolvent banks and a terminally crippled economy.
Meanwhile, things went from terrible to abysmal for both the clueless hedge fund manager and his LPs, and as the NYT reports, Hillary Clinton's son-in-law is finally shutting down the Greece-focused fund, after losing nearly 90% of its value. Investors were told last month that Eaglevale Hellenic Opportunity would finally be put out of its misery and would shutter.
The closure comes as the worst possible time: we are confident that Donald Trump will be quick to work it into his political attack routine.
Mr. Chelsea Clinton and his partners began raising money in 2011 from investors for the firm’s flagship fund. Since then, that portfolio has posted uneven performance. A Stanford University graduate, Mr. Mezvinsky worked at Goldman for eight years before leaving to join a private equity firm. He left that job to form Eaglevale with two longtime Goldman partners, Bennett Grau and Mark Mallon. The hedge fund firm is named after a bridge in Central Park.
As noted above, some of the firm’s earliest investors were Goldman partners, including Lloyd C. Blankfein, Goldman’s chief executive officer, who let Eaglevale use his name in marketing the flagship fund. Ironically this is in addition to the hundreds of thousands of dollars that Goldman paid to Marc's mother-in-law. One almost wonders who "benefits" Goldman was seeking to get out of this particular relationship.
But on a less sarcastic note, we agree with the NYT that it is not at all clear why Eaglevale waited until this year to close the Hellenic fund, which already had lost about 40% of its value by early last year.
Perhaps it was just hope that the Greek people would simply pick up and rebuild the devastated economy from scratch, ideally without getting paid (the word slavery comes to mind), thereby miraculously rescuing his investment. In letters to investors in 2014, Mezvinsky and his partners expressed confidence that Greece would soon be on the path to a “sustainable recovery.” But by the end of that year, Eaglevale’s leaders began to acknowledge that their perspective on the situation in Greece may have been wrong. The fund had earlier stopped taking in new money.
We will conclude by stealing the NYT's tongue in cheek humor:
The one silver lining for the fund’s investors from all of this is that they will have a somewhat larger tax loss on investments to claim next year.
True: it's all funny if one assumes that none of the people who were invested in Mezvinsky's pet fund actually needed the cash (we doubt Blankfein will lose sleep over a few million). For all those others who actually did, the joke's on them.
http://www.zerohedge.com/news/
[excerpt]
Countries Teetering on the Verge of Bankruptcy
Submitted by Pivotfarm on 05/12/2016
...The Clintons and Mezvinskys have long been political allies and friends.
In 1993, Margolies-Mezvinsky, then a freshman Democrat, cast the vote that got President Bill Clinton's controversial tax package through the House of Representatives.
"She earned an honored place in history, with a vote she shouldn't have had to cast," Bill Clinton wrote in "My Life," his 2004 memoir.
On a darker note, federal prosecutors said Ed Mezvinsky habitually dropped the Clintons' names and boasted of their friendship during the 1990s as he defrauded friends, family members and institutions out of more than $10 million.
Ed Mezvinsky was sentenced in 2003 to serve 80 months in federal prison after pleading guilty to a massive fraud that prosecutors said amounted to a Ponzi scheme. He was released from custody in April 2008, but remains under federal probation supervision.
Both he and his wife were forced into bankruptcy, and they quietly divorced in 2007, court records show.
Margolies-Mezvinsky was not implicated in any wrongdoing, but the scandal effectively ended her political ambitions. She founded and remains at the helm of Women's Campaign International, a nonprofit dedicated to the political empowerment of women.
2. Greece
Government debt here stands at 172.7% of GDP (2015) and per capita GDP is $26,773. The rating is currently under review for Moody’s and the present credit rating stands at Caa3. Greece defaulted on the repayment of $138 billion of its bailouts of 240 billion euros in 2012. The country has one of the highest unemployment rates in the history of the world sometimes hitting 25% (and even 60% for youth employment). What changes will take place with the election of the left-wing party Syriza and Prime Minister Tsipras, then his resignation and now his stunning victory and regaining of power in a second election within eight months?
http://www.zerohedge.com/news/
In 1993, Margolies-Mezvinsky, then a freshman Democrat, cast the vote that got President Bill Clinton's controversial tax package through the House of Representatives.
"She earned an honored place in history, with a vote she shouldn't have had to cast," Bill Clinton wrote in "My Life," his 2004 memoir.
On a darker note, federal prosecutors said Ed Mezvinsky habitually dropped the Clintons' names and boasted of their friendship during the 1990s as he defrauded friends, family members and institutions out of more than $10 million.
Ed Mezvinsky was sentenced in 2003 to serve 80 months in federal prison after pleading guilty to a massive fraud that prosecutors said amounted to a Ponzi scheme. He was released from custody in April 2008, but remains under federal probation supervision.
Both he and his wife were forced into bankruptcy, and they quietly divorced in 2007, court records show.
Margolies-Mezvinsky was not implicated in any wrongdoing, but the scandal effectively ended her political ambitions. She founded and remains at the helm of Women's Campaign International, a nonprofit dedicated to the political empowerment of women.
2. Greece
Government debt here stands at 172.7% of GDP (2015) and per capita GDP is $26,773. The rating is currently under review for Moody’s and the present credit rating stands at Caa3. Greece defaulted on the repayment of $138 billion of its bailouts of 240 billion euros in 2012. The country has one of the highest unemployment rates in the history of the world sometimes hitting 25% (and even 60% for youth employment). What changes will take place with the election of the left-wing party Syriza and Prime Minister Tsipras, then his resignation and now his stunning victory and regaining of power in a second election within eight months?
http://www.zerohedge.com/news/
