Published On: Wed, May 27th, 2015

Clintons’ family finances complex, AP finds

 

Story image for news on finances from Fredericksburg.com

 

Corporate documents reviewed by The Associated Press show that the newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services.

The company’s existence demonstrates the complexity of tracking the family’s finances as Hillary Clinton ramps up her 2016 presidential campaign.

Officials with Bill Clinton’s private office and the Clinton campaign said that because the company, WJC LLC, has no financial assets, Clinton’s campaign was not obligated to report its existence in her recent financial disclosure report. Under federal ethics disclosure rules, declared candidates do not have to report assets worth less than $1,000.

The officials spoke to the AP on condition of anonymity because they were not authorized to provide private details of the former president’s finances on the record. They said the entity was a “pass-through” company that channels payments to the former president.

 

[“source-fredericksburg.com”]