Hillary campaign chairperson, John Podesta may now be facing serious trouble as news comes to light that the former Obama staffer did not disclose that he had “75,000 shares of stock from a Kremlin-financed company when he joined the Obama White House in 2014,” according to the Daily Caller News Foundation’s Investigative Group.
When Podesta joined the board of a group financed in part by Russians, Joule Unlimited Technologies, they awarded him 100,000 shares of stock. When Podesta left his post in 2014 to join the Obama white house, they gave him 75,000 shares of stock as a parting gift. He failed to disclose his ties with Russian companies before securing a position at the White House.
The Daily Caller reports:
John Podesta, former Secretary of State Hillary Clinton’s 2016 national campaign chairman, may have violated federal law by failing to disclose the receipt of 75,000 shares of stock from a Kremlin-financed company when he joined the Obama White House in 2014, according to the Daily Caller News Foundation’s Investigative Group.
Joule Unlimited Technologies — financed in part by a Russian firm — originally awarded Podesta 100,000 shares of stock options when in 2010 he joined that board along with its Dutch-based entities: Joule Global Holdings, BV and the Stichting Joule Global Foundation.
When Podesta announced his departure from the Joule board in January 2014 to become President Obama’s special counsellor, the company officially issued him 75,000 common shares of stock.
The Schedule B section of the federal government’s form 278 which — requires financial disclosures for government officials — required Podesta to “report any purchase, sale or exchange by you, your spouse, or dependent children…of any property, stocks, bonds, commodity futures and other securities when the amount of the transaction exceeded $1,000.”
Podesta’s form 278 Schedule B is blank regarding his receipt of any stock from any company.
Liberals and conservatives alike tell TheDCNF Podesta should have disclosed the stock.
“Well Podesta should certainly have been more upfront in filling this out. Clearly, it should have been fully disclosed,” said Craig Holman, a lobbyist for the liberal group Public Citizen which was founded by Ralph Nader. “That’s the point of the personal financial disclosure forms, especially for anyone entering the White House,” he told TheDCNF in an interview.
“If the transfer of stock took place, it had to be disclosed,” added former U.S. Attorney Joseph DiGenova in an interview. “If he didn’t, clearly it’s a violation.”
The same year Podesta joined Joule, the company agreed to accept 1-Billion-Rubles — or $35 million — from Rusnano, a state-run and financed Russian company with close ties to President Vladimir Putin.
Anatoly Chubais, the company CEO and two other top Russian banking executives worked together with Podesta on the Joule boards. The board met six times a year.