Clinton’s funds might be located in Cayman Islands
According to documents and financial disclosure forms of Securities and Exchange Commission that were filed by Hillary Clinton, US Ex-President Bill Clinton has a financial stake in 3 investment entities incorporated in Cayman. These are Cayman Islands’ entities registered by California billionaire Ron Burkle ‘s Yucaipa Cos. LLC.
Ex-President’s decision to reconsider a business dealings with Burkle might embarrass presidential candidacy of his wife. In 2004, Hillary Clinton said that she intends to close the “loopholes†for those who create entities offshore.
As a lawmaker and candidate, Hillary Clinton had to disclose that Bill Clinton has holdings in 3 Burkle-controlled funds – YGOF GP Ltd., Yucaipa Global Holdings and Yucaipa Global Partnership Fund LP. All these funds are listed at Yucaipa’s Los Angeles address. YGOF is a Cayman-registered corporation and Yucaipa Global Holdings and Yucaipa Global Partnership Fund LP are Cayman-registered partnerships.
The amounts disclosed by Hillary Clinton are minimal, though a person familiar with the matter confirmed a report last year in The New York Times that Bill Clinton stands to make tens of millions of dollars with little risk if the Yucaipa funds he is involved in profit beyond a certain level.
It is worth noting that in 2007 Forbes Magazine listed Burkle as the 91st richest American, his net worth was USD 3.5 billion.