Alana Goodman
Hillary Clinton Donor Claudio Osorio’s InnoVida bilked investors out of $40 million
. . . "Miami businessman Claudio Osorio, who is currently serving 12 years in federal prison on fraud charges, leveraged his relationship with Bill and Hillary Clinton to help his company InnoVida obtain a $10 million loan from the Overseas Private Investment Corporation (OPIC) for a Haiti housing project in 2010.
. . .
"Bill Clinton helped arrange for a high-powered Florida law firm to represent Osorio during loan negotiations with OPIC, according to court testimony. An internal OPIC memo said Hillary Clinton was prepared to marshal State Department resources to assist with the donor’s project.
"InnoVida was supposed to use the funding to build houses in Haiti after the earthquake, but it defaulted on the loan and the homes were never built.
"After InnoVida went bankrupt in 2011, a court-appointed investigator said it appeared that over $30 million of its funds had been diverted to foreign bank accounts and were not retrievable.
Hillary Clinton Donor Claudio Osorio’s InnoVida bilked investors out of $40 million
. . . "Miami businessman Claudio Osorio, who is currently serving 12 years in federal prison on fraud charges, leveraged his relationship with Bill and Hillary Clinton to help his company InnoVida obtain a $10 million loan from the Overseas Private Investment Corporation (OPIC) for a Haiti housing project in 2010.
. . .
"Bill Clinton helped arrange for a high-powered Florida law firm to represent Osorio during loan negotiations with OPIC, according to court testimony. An internal OPIC memo said Hillary Clinton was prepared to marshal State Department resources to assist with the donor’s project.
"InnoVida was supposed to use the funding to build houses in Haiti after the earthquake, but it defaulted on the loan and the homes were never built.
"After InnoVida went bankrupt in 2011, a court-appointed investigator said it appeared that over $30 million of its funds had been diverted to foreign bank accounts and were not retrievable.
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