Claudio Osorio, Jeb Bush & The Clinton Foundation
Osorio's company was supposed to be making construction panels for affordable housing; Osorio eventually admitted that he was actually ripping off investors. Osorio pleaded guilty in 2013 and is serving a prison sentence of 12.5 years.
Former Gov. Jeb Bush sat on the board of directors at Osorio’s company, InnoVida. Bush also made almost $500,000 as a consultant for InnoVida.
BUSH WAS ON THE BOARD OF DIRECTORS AND WAS OBLIVIOUS THAT THE COMPANY WAS A FRAUD.
The Clinton Foundation has returned $22,000 that was donated by Miami Beach fraudster Claudio Osorio.
Osorio and his wife, Amarilis (Moran) Osorio, were known as big fundraisers for the Democratic Party and had been recognized for philanthropy. A YouTube video showing Bill Clinton at a fundraiser at Osorio's house was removed after Osorio was sued by neighbors for fraud.
Osorio used his connections to get a $10 million loan from a government agency, the U.S. Overseas Private Investment Corporation. Osorio said it would be used to build homes in Haiti following the earthquake there, but investigators said several million dollars were used to repay previous investors in his company, InnoVida. Osorio's construction panel business collapsed amid allegations of fraud in 2010.
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.