Not only is the following revelation embarrassing to John Podesta, Clinton’s campaign chairman but it’s also a direct violation of the law. In 2011, Podesta was added to the board of Joule Unlimited and with it received 75,000 shares of their stock. Joule Unlimited received millions of dollars from Putin and Podesta received 75,000 shares of stock, which Podesta quickly placed in an anonymous account. When he went to work for Obama, he failed to disclose the stock or his board membership as required by law.
Mark C. Solakian, who was Senior Vice President and General Counsel at Joule Unlimited Technologies, Inc. wrote:
“It is my understanding that John transferred the resulting 75,000 common shares from the option exercise to the Leonidio LLC.. As such, we would need to edit the Transfer of Share Agreement to reflect the transfer of 75,000 common shares to the LLC.”
Podesta’s membership on the board of directors of Joule Unlimited was first revealed in research from Breitbart News Senior Editor-at-Large and Government Accountability Institute (GAI) President Peter Schweizer.
In the report, tilted, “From Russia with Money: Hillary Clinton, the Russian Reset, and Cronyism,” it’s revealed that Podesta joined the Joule Unlimited board in June 2011.
“The disclosure that Clinton Chair John Podesta transferred his shares in Putin-backed Joule Unlimited to an anonymous holding company when he joined the Obama Administration is extremely concerning,” said Donald Trump Senior Communications Adviser Jason Miller in a statement.
Podesta failed to fully disclose his position on Joule Unlimited’s board of directors and include it in his federal financial disclosures, as required by law, before he became President Obama’s senior adviser.“Because the holding company is completely anonymous, we do not know whether or not he still has deep financial ties to Vladimir Putin and his regime,” Trump adviser Jason Miller wrote. “As such, Mr. Podesta needs to either reveal who is behind the holding company or he must resign from the Clinton campaign immediately.”