But while the pardon was a political mistake, it certainly was not a financial one. In the years following the scandal, the flow of funds from those connected to Marc Rich or the pardon scandal have continued to the Clintons.
Rich died in 2013. But his business partners, lawyers, advisors and friends have showered millions of dollars on the Clintons in the decade and a half following the scandal.
Nigerian businessman Gilbert Chagoury is well known as a close ally and business associate of Rich. The Nigerian media declared in 1999 that the “Gilbert Chagoury-Marc Rich alliance remains a formidable foe.” They sold oil on international markets together. In 2000, Chagoury was convicted in Geneva of money laundering and aiding a criminal organization in connection with the billions of dollars stolen from Nigeria during the reign of dictator Gen. Sani Abacha.
As part of a plea deal the conviction was later expunged.
Chagoury has been very generous to the Clintons in the years following the Rich pardon. He has organized an event at which Bill was paid $100,000 to speak (in 2003), donated millions to the Clinton Foundation and in 2009 pledged a cool $1 billion to the Clinton Global Initiative. The Chagourys were also active in Hillary’s 2008 presidential bid. Michel Chaghouri, a relative in Los Angeles, was a bundler and served on her campaign staff. Numerous other relatives gave the maximum $4,600 each to her campaign.
In return, Bill has lavished praised on Chagoury over the years. In 2005, Bill was the Keynote speaker when Chagoury received the “Pride of Heritage Award” from the Lebanese community.
In 2009, CGI gave Chagoury’s company an award for sustainable development. In 2013, Bill showed up in Nigeria for a public ceremony involving one of Chagoury’s projects. When Bill Clinton had his 60th birthday party, Chagoury was an invited guest. Chagoury also attended the wedding of Bill’s longtime aide, Doug Band.
Be sure to read it all
Clinton thinks pardoning Rich was a mistake because it caused him political damage, not because the guy belonged in jail. Money heals everything.
Be sure to vote for Hillary.