Barack Obama has perhaps the most scandal-ridden administration in history.
There were countless crimes he was suspected of.
And shocking new evidence links him directly to a major criminal enterprise.
Peter Schweizer, president of the Government Accountability Institute explains in a new book titled “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” how Barack was involved in major financial corruption.
While speaking to Breitbart News, Schweizer explained the “smash and grab” policy that Obama used to enrich someone described as his “best friend.”
Martin Nesbitt, who is a close friend of Obama started a private equity fund called Vistria after Obama was re-elected in 2012.
In his company documents his firm is stated as being “designed to invest in highly regulated industries.”
And with his best friend being the “regulator-in-chief” it was a big help.
Schweizer explained how Obama helped enrich his friend using his “smash and grab” policy by using the University of Phoenix as an example.
After Obama stated the school was not serving students well and suspended GI dollars from the Pentagon going towards soldiers studying at the University, the stock plummeted.
Following the stock plummet, the company run by Obama’s close friend bought the company for a very low price, only to have Obama change his mind on the decision that caused the price of the University to plummet.
As reported by Breitbart:
“Schweizer spoke of Martin Nesbitt — whom he described as Obama’s “best friend” — monetizing his knowledge of Obama’s regulatory plans.
“This one was really surprising because, I have to say, I did not think of Barack Obama as somebody who was necessarily involved in financial corruption,” replied Schweizer. “I mean, there are all these controversies or certain issues about his policies, but Barack Obama has this best friend that few people have ever heard of, a guy named Marty Nesbitt. When Barack Obama is reelected in 2012, his best friend in the world, Marty Nesbitt, sets up this private equity fund called Vistria, and Vistria says in its corporate documents, explicitly, that it is designed to invest in highly regulated industries, and when your best friend is the regulator-in-chief, I guess that makes sense, and what happens is, they make a series of investments or deals based on companies or industries that are being smashed by the Obama administration’s regulations.”
Schweizer pointed to the acquisition of the University of Phoenix by Vistria Group — the private equity firm run by Nesbitt that he co-founded in 2013 — as an illustration of Obama’s “smash and grab” strategy.
“So to give you one brief example, [the] University of Phoenix, it’s a for-profit school — a lot of people have heard of it — the Obama administration declares that the company is not serving students well, and they say, ‘We are going to suspend GI dollars from the Pentagon for soldiers to study at the University of Phoenix,’” explained Schweizer.
“Well, you can imagine, this for-profit university, its stock price goes from like a hundred dollars a share down to three dollars a share overnight. So what happens? Marty Nesbitt, Barack Obama’s best friend, says, ‘Hey! We’ll step in and buy it. We’ll step in and buy the company.’ They do. They basically buy it for three cents on the dollar, and then, lo and behold, imagine what happens next. The Obama administration decides that, ‘No, we are going to allow GI dollars flow to the University of Phoenix,’ thereby boosting the valuation of the company again.”
This is a clear case of financial corruption if it is found that Obama let his friend know he was going to reverse his decision.
Do you think Obama should be investigated for this case of corruption?
Let us know your thoughts in the comments section below.