SEC LAUNCHES INVESTIGATION INTO FIRM HEADED BY CLINTONS' SUGAR DADDY

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MATTHEW MOSK, WASHINGTON POST - The Securities and Exchange Commission
has launched an investigation into InfoUSA, a Nebraska company that used
corporate funds to fly Hillary Rodham Clinton around the country, and
one of only two companies to put Bill Clinton on its payroll after he
left the White House. . . . Calls to an InfoUSA spokesman were not
returned. Mark C. Hansen, a Washington lawyer for the company's founder,
Vinod Gupta, did not return calls late yesterday. Nor did an official in
the SEC's Denver office, where the probe was initiated. Two sources
familiar with the company's troubles suggested that investigators would
focus their attention on executives' use of company money to feather
their own nests. Gupta has been a major financial supporter of the
Clintons since he met the president in the mid-1990s. Gupta and his
company donated $1 million to help underwrite a lavish year 2000 New
Year's Eve celebration at the White House and on the Mall.

He paid the former president $200,000 to deliver a speech to InfoUSA
executives in Papillion, Neb., and signed the former president to a $3.3
million consulting deal. For the past four years, both Clintons have
used Gupta's corporate plane, flying to Switzerland, Hawaii, Jamaica and
Mexico -- about $900,000 worth of travel, The Post reported in May.

Earlier this year, the company's spending on the Clintons gave rise to a
shareholder lawsuit complaining that hiring the former president was a
"waste of corporate assets." The Clintons are not parties to the
lawsuit, nor are they accused of any wrongdoing.

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/21/
AR2007112102280.html


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