VIDEO: Hillary Clinton Conspiracy Theories

We all know that Hillary Clinton is a very controversial figure. That’s probably the reason why all these conspiracy theories about her keep popping up everywhere. And whether they are true or complete bogus, I think we can all agree they are extremely entertaining!

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Read about the biggest scandal involving Hillary below, provided by Wikipedia.

Hillary Clinton Cattle Futures Controversy

In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham Clinton engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months.

In 1994, after Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery.

Clinton had no experience in such financial instruments. Bill Clinton’s salary as Arkansas Attorney General and then Governor of Arkansas was modest and Clinton later said she had been interested in building a financial cushion for the future.

The Clintons’ combined income in 1978 from the governorship and Rose Law Firm amounted to $51,173, equivalent to $187,900 in 2016. James Blair was a friend, lawyer, outside counsel to Tyson Foods, Arkansas’ largest employer, and had been doing so well trading commodities futures that he encouraged friends and family to enter the market too.

Blair in turn traded through, and relied upon cattle markets expertise from, broker Robert L. “Red” Bone of Refco, a former Tyson executive and professional poker player who was a World Series of Poker semifinalist.

By January 1979, Clinton was up $26,000; but later, she would lose $16,000 in a single trade. At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her. Near the end of the trading, Blair correctly sold short and gave her a $40,000 gain in one afternoon.

In July 1979, once she became pregnant with Chelsea Clinton, “I lost my nerve for gambling [and] walked away from the table $100,000 ahead.” She briefly traded sugar futures contracts and other non-cattle commodities in October 1979, but more conservatively, through Stephens Inc.

During this period she made about $6,500 in gains (which she failed to pay taxes on at the time, consequently later paying some $14,600 in federal and state tax penalties in the 1990s). Once her daughter was born in February 1980, she moved all her commodities gains into U.S. Treasury Bonds.

Various publications sought to analyze the likelihood of Clinton’s successful results. Clinton made her money by betting on the short side at a time when cattle prices doubled. The editor of the Journal of Futures Markets said in April 1994, “This is like buying ice skates one day and entering the Olympics a day later. She took some extraordinary risks.”

Her activities involved exposure to losses that potentially could have been greater than her family’s net worth if the market had turned sharply against her. The former head of the IRS chief counsel’s Commodities Industry Specialization Team expressed skepticism that a novice trader could make such a return.