Hillary Clinton and the Illegal Iranian Oil Money

Vital voices and Hillary Clinton
In November 2011, then US Secretary of State Hillary Clinton announced new sanctions on Iran; a response to their continued advancement of a nuclear program. In what became a disastrous term as the United States’ top diplomat – during which Clinton managed to alienate several foreign leaders and sat silent as Americans died in Benghazi – she did earn for herself a reputation for being tough on Iran. How serious was Clinton when she supported the Iran sanctions, however? Not so much, it now appears. The link between Clinton and illegal Iranian oil money has been, naturally, ignored by the media. Dick Morris, former advisor to President Bill Clinton, initially revealed the details of this link on his website.

The truth about the Clinton connection to the circumvention of sanctions against the Islamic Republic is more like a re-run of the many scandals that have surrounded her and her formerly impeached husband. Whilst appearing to favor sanctions against Iran, she – and Bill Clinton – had connections to a corporation that was aiding Iran in its efforts to circumvent those same sanctions.

In 1997, the former First Lady and former Secretary of State Madeleine Albright founded The Vital Voices Democracy Initiative. This Non-Governmental Organization (NGO) aims to promote women’s rights and mentor women as leaders and “social entrepreneurs”, according to its website. In 2009, Clinton announced that the organization had partnered with UK-based bank Standard Chartered, which is headquartered in London and operates in Africa and Asia. This bank was also in partnership with the Clinton Global Initiative, founded by the former President. Standard Chartered had a very active relationship with both Bill and Hillary’s organization; investing vast amounts of money in various projects. Currently the Vital Voices website still lists Standard Chartered as a partner.

The bank had another major financial interest, however – one that began well before it became involved with either of the Clinton NGOs and continued into those partnerships. According to the New York State Department of Financial Services (DFS) and the US Department of Justice, between 2001 and 2010 Standard Chartered laundered $250 billion on behalf of Iran, in order to facilitate the country’s ability to continue collecting revenue from the sale of oil, in contravention of US sanctions. It did so, essentially, by routing wire transfers through various European banks and clearing them through its New York branch. During these transfers, any information connecting the payments to Iran was erased. In the process, the bank is said to have made millions of dollars in fees.

Standard Chartered was successfully prosecuted by the Department of Justice and the state of New York in late 2012. It paid a total of $667 million dollars in fines and had some assets seized by the DoJ. The New York State DFS has stated that these years of illegal activity on the part of this prominent Clinton partner “left the US financial system vulnerable to terrorists, weapons dealers, drug kingpins, and corrupt regimes and deprived law enforcement investigators of crucial information used to track all manner of criminal activity.”

Other than the scandal of Hillary Clinton, presumably a 2016 presidential hopeful, having partnered her organization with a bank that has been found guilty of breaking US law for ten years, there is the additional irony of her self-promotion as a champion of women’s rights; In Iran, of course, women have been stripped of almost all individual rights.

Clinton supporters will, no doubt, dismiss this as a ‘non-story’ and claim that it is unjustified to claim a link between her and Standard Chartered’s criminal activities. It should be noted, however, that these same people were constantly raising the links between the Bush administration and the US company Haliburton – a company which was, incidentally, the recipient of a no-bid contract from the Obama administration. Additionally, those on the political Left are very determined promoters of the concept of guilt by association, having often called for boycotts of businesses and corporations that sponsor activities or political causes with which they do not agree. By their own standards, therefore, the Left cannot simply brush off the fact that Clinton’s NGO is taking money from a bank that has engaged in criminal activity with a long-time enemy of the United States and, in addition, a state that oppresses women; the very thing that Clinton’s organization is supposed to be fighting.

 

An Editorial by Graham J Noble

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5 Responses to "Hillary Clinton and the Illegal Iranian Oil Money"

  1. winnie wong   August 20, 2013 at 2:24 pm

    Does anyone know how many “ring shawls” or shahtoosh shawls Mrs. Clinton acquired while in and out of US on Air Force one when she was first lady. It is slaughtering Tibetan antelopes alive to cut off the neck fur. Banned world wide. Mrs. Clinton was spotting wearing several of these until many well known ladies were arrested for in possession of these banned ring shawls..

    Reply
  2. Greg   August 20, 2013 at 3:44 am

    What a piece of rubbish! I’ve no links to Clinton or Standard Chartered bank or the US for that matter but what a pathetic and weak argument linking the bank circumventing financial sanctions against Iran, which are ill thought out and ineffective, to some machiavellian scheme that Hilary Clinton is involved in. Clearly someone has an axe to grind against Hilary Clinton and/or Iran. As for Iran, they are no real threat to world peace, they are only a threat to US/Israel interests in the Middle east. Even if they are interested in gaining a WMD, which is debatable given the evidence, the thought process behind it can surely be understood because the likes of the US, UK, Israel, India, Pakistan, Russia, China etc all have them too. When all these countries decommission theirs then they can take the moral high ground.

    Reply
    • Graham Noble   August 20, 2013 at 11:23 am

      So, you are simply dismissing the facts and sources that I have presented? This is not something you want to hear, so it simply didn’t happen? Are you able to prove that anything I have written in this article is untrue? No, you are not.

      I am not suggesting any scheme. Clearly, you are either completely stupid or unable to comprehend basic English. I am merely pointing out that Clinton’s organization is linked to a bank that laundered money for an enemy of the US. To what ‘scheme’ do you refer?

      Your comment is the only piece of rubbish here.

      Reply
      • Greg   September 11, 2013 at 3:02 am

        I seem to have touched a nerve with the gentleman who wrote the article judging by the eloquent response he posted. At what point do I say anything is untrue? I haven’t got the time or inclination to go and check your sources. I’m making a comment about the article in general. I simply pointed out that there is absolutely no significance to the bank circumventing US imposed sanctions and the fact it also had dealings with Clinton or her company/charity whatever it was. Hundreds of thousands of people and/or companies would have links with the same bank. Should all of them also be mentioned in the article? What is the Clinton angle?
        Moving onto your lovely second paragraph, I don’t think I’m stupid or unable to comprehend basic English but just to reassure myself I will urgently book an appointment with a doctor and educational professional for further investigations.
        As for a “scheme”, I assumed you must be hinting at something otherwise why not mention the hundreds of thousands of people/businesses with accounts at that bank?

        Reply
  3. mike b   August 19, 2013 at 1:06 pm

    The US should never have gone into Iran and engineered a coup that put Reza Palavi in as dictator in 1953 during the Eisenhower administration and threw out a democratically elected President . It took 25 years for Iran to get rid of him . Why do they hate us ?(not all of them do) It was about British oil companies and their monopoly and manipulation of Iranian oil and our support . We have been more damaging to democracy than some would be antagonists . Power in the world is shifting and changing and instead of fighting against it we need to go with it and make the most of it , but not with military power as first response .

    Reply

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