Chicago trader Raj Fernando (seated on far left) with International Security Advisory Board
CHICAGO – A wealthy Chicago securities trader is at the center of yet another Clinton controversy brewing. Raj Fernando, CEO of Chopper Trading, raised thousands for Hillary Clinton and the Clinton Foundation, then obtained top secret clearance for a high level appointment, as reported on ABC News:
Fernando's expertise appeared to be in the arena of high-frequency trading — a form of computer-generated stock trading. At the time of his appointment, he headed a firm, Chopper Trading, that was a leader in that field.
Fernando's history of campaign giving dated back at least to 2003 and was prolific — and almost exclusively to Democrats. He was an early supporter of Hillary Clinton's 2008 bid for president, giving maximum contributions to her campaign, and to HillPAC, in 2007 and 2008. He also served as a fundraising bundler for Clinton, gathering more than $100,000 from others for her White House bid. After Barack Obama bested Clinton for the 2008 nomination, Fernando became a major fundraiser for the Obama campaign. Prior to his State Department appointment, Fernando had given between $100,000 and $250,000 to the William J. Clinton Foundation, and another $30,000 to a political advocacy group, WomenCount, that indirectly helped Hillary Clinton retire her lingering 2008 campaign debts by renting her campaign email list.
The appointment qualified Fernando for one of the highest levels of top secret access, the emails show. Among those with whom Fernando served on the International Security Advisory Board was David A. Kay, the former head of the Iraq Survey Group and United Nations Chief Weapons Inspector; Lt. Gen. Brent Scowcroft, a former National Security Advisor to two presidents; two former congressmen; and former Sen. Chuck Robb. William Perry, the former Secretary of Defense, chaired the panel.
Hard to believe but CNN reported this today and actually did a good job of reporting.