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Warrant Issued for Former Clinton Operative, Wanted on Felony Fraud & Theft Charges


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Another person close to the Clintons now has a warrant issued for his arrest.

Steve Bachar, the former co-chair of the Clinton Global Initiative, has been charged with securities fraud and theft.

The current Denver attorney is accused of lying to an investor, and stealing between $100,000 and $1 million.

The criminal complaint was filed by the Denver District Attorney’s Office, and the crimes were allegedly commited somewhere between Oct. 13, 2017, and Aug. 8, 2018.

Bachar denies the accusations:

“These are outrageous, unfounded and false accusations,” he claimed in a texted statement earlier this week.

This isn’t the first time Bachar has been in trouble though.

Last year, two companies accused him of mishandling nearly $2 million in funds that were to be allocated to personal protective equipment purchases in the early stages of the COVID-19 pandemic.

Here's the scoop from the Denver Post:

A Denver attorney who last year was accused of mishandling nearly $2 million set aside to purchase masks and gowns during the coronavirus pandemic was charged with unrelated felony financial crimes last week and is now wanted by authorities.

A warrant was issued Oct. 18 for Steve Bachar, 56, on charges of securities fraud and theft. He is accused of stealing between $100,000 and $1 million, as well as lying to an investor, according to a criminal complaint filed against him by the Denver District Attorney’s Office.

The crimes are alleged to have happened between Oct. 13, 2017, and Aug. 8, 2018, according to the complaint.

“Steven Charles Bachar, in connection with the offer, sale or purchase of a security, directly or indirectly, unlawfully, feloniously and willfully made an untrue statement of material fact or omitted to state a material fact necessary in order to make the statements made… not misleading,” the complaint reads.

The Washington Free Beacon with more details on the arrest warrant:

Authorities in Denver have ordered the arrest of Steve Bachar, a longtime Clinton operative and "socially responsible" investor who has been charged with felony theft and securities fraud. The former co-chair of the Clinton Global Initiative is also under investigation for unrelated allegations that he mishandled millions of dollars allocated for personal protective equipment at the height of the COVID-19 pandemic.

Bachar is accused of stealing as much as $1 million and lying to an investor "in connection with the offer, sale or purchase of a security," according to the criminal complaint filed by the Denver district attorney's office. The crimes are alleged to have occurred between October 2017 and August 2018. The former Clinton operative told the Denver Post the criminal charges were "outrageous, unfounded, and false," and he looks forward to letting "the facts come to light."



 

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