MAY 03, 2007
Hillary Clinton has joined her fellow Democrats in a call for ardent pursuit of unpaid taxes to boost federal revenue even though one of her top donors is among the nation’s biggest tax evaders who cheated the U.S. government out of hundreds of millions of dollars.
The media mogul, Haim Saban, is one of the world’s richest men with a net worth of nearly $3 billion and he participated in one of the largest tax evasion schemes in U.S. history to avoid paying more than $300 million from the sale of a television station. The scheme is mentioned prominently in a 401-page Senate report on how wealthy Americans use offshore havens to cheat the government.
Yet Democrats have gladly taken a lot of his money over the years, including Bill Clinton and now Hillary. In fact, Saban is the party’s largest donor. Over the three election cycles from 2002 through 2006, the Israeli businessman contributed $12.7 million to the party and to Democratic candidates. Hillary has boasted of his fervent support and Bill of his unconditional friendship.
In fact, Saban donated $5 million to the Clinton Library in Little Rock Arkansas and a company created as part of his illegal tax evasion scheme provided a $10 million loan to fund the facility’s construction. Not surprisingly, a Clinton spokesperson said neither Clinton had any idea that their multi billionaire friend cheated Uncle Sam like no other.
Saban and his wife have given more than $40,000 to Hillary’s senate campaigns and he has vowed to help finance a chunk of her undoubtedly costly presidential run. A Hillary campaign spokesman acknowledged that Saban is a strong supporter and confirmed that Hillary knows nothing of his tax problems.
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