Holmes gave answers at odds with CNBC’s own reporting about the timing of his investments in the highly controversial Uranium One company
Approval of Hillary Clinton’s State Department was necessary for Uranium One deal with Russia to go through
Nine (9) Uranium One investors, including Frank Holmes, gave Hillary’s foundation a combined $145 million
In a CNBC Squawk Box segment titled “The Clinton Cash Scandal: Frank Holmes,” Frank Holmes, U.S. Global Investors CEO, discussed the controversy surrounding his donation to the Clinton Foundation. During the interview on CNBC, U.S. Global Investors CEO Frank Holmes was asked when he invested and sold Uranium One. The exchange produced an embarrassing moment for Holmes, as his on-air statements directly contradicted the CNBC fact graphics displayed on the screen. (See “Clinton cash scandal: Frank Holmes” [video link, 5/12/15, NBC News/ CNBC [http://www.nbcnews.com/watch/cnbc/clinton-cash-scandal-frank-holmes-443836995958]; see also “URANIUM INVESTOR-TURNED-CLINTON FOUNDATION MEGA DONOR FRANK HOLMES GRILLED BY CNBC” by Breitbart News Staff, 5/12/15 [http://www.breitbart.com/big-journalism/2015/05/12/uranium-investor-turned-clinton-foundation-mega-donor-frank-holmes-grilled-by-cnbc/]).
NBC NEWS HAD PROOF THAT HOLMES' COMPANY STILL OWNED URANIUM ONE STOCK WHEN IT WAS SOLD TO THE RUSSIANSIn a graphics box titled “From the New York Times,” the CNBC screen graphic stated: “Frank Holmes donated between $250-$500k to the Clinton Foundation — U.S. Global Investors held $4.7 million in Uranium Ones shares in Q1 of 2011”; and that the U.S. Global Investors’ own 2011 SEC filing further confirmed Holmes’ company held Uranium One stock.
CLINTON DONOR, FRANK HOLMES, DENIED HOLDINGS IN URANIUM ONE AT THE TIME OF THE RUSSIA DEALWhen he was peppered for details by CNBC host Joe Kernan, Holmes repeatedly denied that he had any holdings in Uranium One when it was sold to the Russians; and he twice said that he and his investment company had been “Long Gone” when the stock was sold to the Russians.
CNBC’s chief international correspondent Michelle Caruso-Cabrera then put in her own follow-up to Kernan’s line of questioning, when she asked Frank Holmes this: ““But the suggestion is that you donated money to a foundation that was connected with the possibility of approval of a deal that you may have benefitted from. Is that correct?”
AFTER HE HAD BEEN CONFRONTED BY THE CNBC PANEL, HERE’S WHAT HOLMES SAIDFirst, Frank Holmes made sure to reiterate the Hillary Clinton Campaign talking points about the whole Clinton Foundation scandal and the uranium deal in particular — “No, that’s a lot of disinformation. That’s just a political battle this year....”
When one of the CNBC hosts, Michelle Caruso-Cabrera, persisted — “But, still, the question is, were you in a position to benefit from approval of this deal at the same time that you were writing checks to the Clinton Foundation?” Holmes again replied with a non-responsive answer, “No, there’s no, I had no idea any of those two events. There are two separate events....”
Then CNBC host Andrew Ross Sorkin jumped in with this: “When people finish watching this interview, they’re going to say, it wasn’t unequivocal on your part and that there wasn’t a lot of clarity....” Holmes’ reply to that remark still did not contain any denial — “I don’t understand. I have no idea what—you’re making—lots of conjecture....”
Andrew Ross Sorkin then put it to Frank Holmes one last time — “We’ll give you one last shot at it,” said Sorkin. “In a sentence or two, unequivocally, anything you want to say? Because right now it’s all a big haze for us.” Yet again, Frank Holmes was evasive, saying this: “There’s no haze. I have a global investment company and I invest in many companies in many different countries and I give to a lot of charitable organizations....”
That wasn’t the last word though; that privilege went to Mr. Sorkin, who said, “Unfortunately, I don’t think it speaks to the answer. We’ll leave it there,”