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About: Hillary Clinton cattle futures controversy     Goto   Sponge   NotDistinct   Permalink

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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 (equivalent to $373,360.84 in 2021), 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. It was suspected by commentators that the profits were in fact allocations to her of profits from unrelated large block trades managed by her investment advisor , outside counsel to Tyson Foods, Arkansas' largest employer, in an attempt to gain influence with her husb