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2dab44 (4) No.1092243>>1092338 >>1092405 >>1092410 [Watch Thread][Show All Posts]

https:// www.wsj.com/articles/how-tony-podesta-a-washington-power-broker-lost-it-all-1524065781

2dab44 (4) No.1092338

>>1092243 (OP)

The IRS determined that in 2007 and 2008, the Podesta Group paid more than $300,000 for the shipping and handling of art bought by Mr. Podesta---money that was improperly reported as a business expense, according to documents viewed by the Journal. Later, Mr. Podesta began billing his firm $360,000 a year to rent pieces displayed at the office. The firm also paid part of the salary of Mr. Podesta’s art curator.

Employees of the Podesta Group set up a system to prevent Mr. Podesta from being reimbursed by the company for personal expenditures. A 36-page instruction manual for Mr. Podesta’s executive assistants included this directive: “It is up to you and your best judgment as to what gets reimbursed.”

Mr. Podesta’s passion for art drove a wedge in the marriage after Mrs. Podesta learned he was secretly making purchases, according to people familiar with the matter. In 2014, the couple filed for divorce, with the art collection caught in a legal tug of war.


2dab44 (4) No.1092405

>>1092243 (OP)

During the 2016 presidential election, Mr. Podesta helped raise money for Mrs. Clinton’s campaign, including a fundraising event at his Kalorama house, featuring food by well-known chefs. However deep his financial hole, a Clinton victory would relieve much of the pressure.

Following Mrs. Clinton’s defeat that November, the Podesta Group cut bonuses and commissions.


2dab44 (4) No.1092410

>>1092243 (OP)

As Ms. Fritts broke the news, Mr. Podesta was in New York for the rollout of a fashion calendar published by Pirelli, his personal client. The two-day bash was capped by a black-tie dinner with Naomi Campbell, Sean “Diddy” Combs and other celebrities.

Before closing the firm’s doors, Mr. Podesta gave himself an advance on his lobbying commissions.




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