String of Felons Worked With Nonprofit Cofounded by Bill Clinton

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Free Beacon:

Numerous former board members and trustees of a charity group cofounded by Bill Clinton have been accused of or convicted of insider trading, campaign finance violations, and other illegal schemes.

 

The American India Foundation is one of several nonprofit groups in Bill Clinton’s charitable orbit, although it has received less attention than the Clinton Foundation and its spin-offs.

 

The group was founded in 2001 “at the initiative of President Bill Clinton following a request from Prime Minister Vajpayee” in order to help with the recovery efforts after the Gujarat earthquake. It is currently run by CEO Ravi Kumar.

 

AIF was co-founded by Clinton and former Goldman Sachs director Rajat Gupta in 2001. Clinton continues to serve as honorary chairman of the council of trustees, according to the website.

 

Gupta, a Clinton donor, was convicted of passing illegal trading tips to another former AIF trustee—Raj Rajarantam—in the highly-publicized 2011 case that took down the Galleon hedge fund. Gupta is currently serving out a two-year prison term and was last listed as co-chairman of the AIF board in 2010.

 

Gupta’s legal team highlighted his work with AIF and Bill Clinton during his sentencing.