At that point, she quit WNISEF and has since become the face of Ukrainian “reform,” representing the U.S.-backed government at international banking events at Davos, Switzerland, and elsewhere while appealing for billions of dollars in Western financial aid which she oversees. Last December, Ukrainian President Petro Poroshenko named Jaresko Finance Minister after awarding her instant Ukrainian citizenship. diplomat of Ukrainian heritage, to run the project. Agency for International Development (USAID), which selected Jaresko, a former U.S. Congress in starting the non-profit WNISEF with $150 million in the 1990s was to help jumpstart an investment economy in Ukraine and Moldova for the benefit of the people of those countries. However, if the ball landed on red, then the someone else absorbed the loss, except in this case the winners were Jaresko and her associates and the losers were the American taxpayers. So, Jaresko’s arrangement was something like taking someone else’s money to a roulette table, placing it on black, and claiming a share of the winnings if the ball stopped on black. 11, 2015, the value of the investment fund had shrunk from $150 million at its start to $93.9 million in the fund’s 2012 tax year and to $89.8 million in the 2013 tax year. She and other WNISEF officers collected the bonuses from what they deemed “profitable” exits from some investments even if the overall fund was losing money and shrinking, as it apparently was in recent years.Īccording to WNISEF’s filing for the 2013 tax year, submitted to the IRS on Aug. taxpayers’ dollars while avoiding any personal financial risks. Using this supposed loophole, Jaresko and some of her associates enriched themselves by claiming money generated from U.S.
Ukraine’s Finance Minister Natalie Jaresko. government grant that created the fund and the money from the fund’s “investment sales proceeds,” which were treated as fair game for extracting bonuses far beyond the prescribed compensation level. The near 12-fold discrepancy between the compensation ceiling and Jaresko’s bonuses, paid in 2013, was justified in the IRS filing from the Jaresko-led Western NIS Enterprise Fund (WNISEF) by drawing a distinction between getting paid directly from the $150 million U.S.
#News for november 11 2015 cracked
Exclusive: Ukraine’s Finance Minister Natalie Jaresko collected at least $1.77 million in bonuses from a U.S.-taxpayer-funded investment project that she ran even as it was losing money, a sign that her image as a paragon of public-interest “reform” may not be all that it’s cracked up to be, reports Robert Parry.īefore becoming Ukraine’s Finance Minister last December, Natalie Jaresko collected $1.77 million in bonuses from a U.S.-taxpayer-financed investment fund where her annual compensation was supposed to be limited to $150,000, according to financial documents filed with the U.S.
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