Charles Ortel, a former Wall Street banker and investor who exposed General Electric’s massive fraud in 2007-2008 by proving that it had overvalued its stock by hundreds of billions of dollars, for several months has been deconstructing the highly irregular inner workings of the Clinton Foundation and related entities operating “charitable” programs all over the world.

But the foundation and its projects are in flagrant violation of U.S. and international law, Ortel says. While their stated purposes are philanthropic, he says, the foundation and its various offshoots appear to be an elaborate, multibillion-dollar slush fund for the Clintons, who have been able to run a renegade operation without tight oversight.

Continuing Leid Stories’ close look at the foundation and its various “charities,” Ortel today focuses on The Clinton HIV/AIDS Initiative, which it launched in 2009 in partnership with leading drug manufacturers “to improve treatment access for people with drug-resistant HIV in developing nations.”