Judicial Watch
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For Immediate Release |
| Apr 12, 2002 |
Contact: Press Office
202-646-5188
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BILL CLINTON HIRED BY DONOR FROM FUNDRAISING SCANDALS
Clinton To Advise on Retirement Fund Investment for California State Employees
Judicial Watch Launches Investigation
(Washington, DC) Judicial Watch, the public interest law firm that investigates and prosecutes government corruption, reacted with bemusement and concern to news that Bill Clinton has been hired by one of his mega-donors Ron Burkle. Burkle hired Clinton to provide “counsel” and serve as “Senior Advisor” to his Yucaipa Companies firm and investment funds. Burkle has a long, sordid history with the Clinton fundraising machine. He attended a trade mission to South Africa with the late Ron Brown in 1993. Judicial Watch, through government documents and court testimony, has shown that the Clinton/Brown trade missions were nothing more than a “pay to play” fundraising program for the Democratic Party and that participants in the trade missions were required to contribute upwards of $100,000 to attend the taxpayer-financed trips. Burkle also participated in an illegal Clinton White House coffee fundraiser and “participated” in Clinton’s sleepover fundraising program run mainly out of the Lincoln Bedroom. Like Denise Rich, Burkle is a major donor to the Clinton Library, having donated in the neighborhood of $5 million to $10 million.
Judicial Watch research has uncovered that Yucaipa fund companies work closely with union pension funds and CalPERS, the nation’s largest public pension fund with assets totaling $147 billion. CalPERS provides retirement and health benefits to more than 1.2 million state and local public employees and their families. In a controversial move, CalPERS decided earlier this year to invest up to $560 million with Burkle’s funds. Judicial Watch will investigate this action and the CalPERS-Burkle-Clinton connection through the Freedom of Information Act and other legal avenues.
“Obviously, CalPERS can not allow Bill Clinton, who admitted to lying to a court and a grand jury and who has been credibly implicated in crimes ranging from bribery (Chinagate, Pardongate) to bank fraud (Whitewater), to have any involvement with how its pension and health funds are invested. To have a suspended lawyer manage its investments is contrary to the fiduciary duties CalPERS has to the hundreds of thousands of California state employees whose pension and health care funds CalPERS is supposed to protect,” stated Judicial Watch President Tom Fitton.
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