Warrant Issued for Former Clinton Global Initiative Co-Chair Steve Bachar on Charges of Securities Fraud and Felony Theft

Steve Bachar

Authorities in Denver have issued an arrest warrant for former Clinton Global Initiative co-chair Steve Bachar on charges of securities fraud and felony theft.

Bachar, a Denver-based attorney and longtime Clinton operative, is accused of ‘mishandling $2 million set aside to purchase PPE and lying to an investor “in connection with the offer, sale or purchase of a security,” according to the criminal complaint.

Steve Bachar worked for the Treasury Department under Bill Clinton, served as the co-chair of the Clinton Global Initiative and even worked on the national finance committee for Crooked Hillary’s 2016 presidential campaign.

In true Clinton fashion, Bachar categorically denied the allegations in a text message to the Denver Post.

“These are outrageous, unfounded and false accusations,” Bachar said in a texted statement Monday. “…I am pleased that we are now engaged in a process that will let the facts come to light.”

The Denver Post reported:

A Denver attorney who last year was accused of mishandling nearly $2 million set aside to purchase masks and gowns during the coronavirus pandemic was charged with unrelated felony financial crimes last week and is now wanted by authorities.

A warrant was issued Oct. 18 for Steve Bachar, 56, on charges of securities fraud and theft. He is accused of stealing between $100,000 and $1 million, as well as lying to an investor, according to a criminal complaint filed against him by the Denver District Attorney’s Office.

The crimes are alleged to have happened between Oct. 13, 2017, and Aug. 8, 2018, according to the complaint.

“Steven Charles Bachar, in connection with the offer, sale or purchase of a security, directly or indirectly, unlawfully, feloniously and willfully made an untrue statement of material fact or omitted to state a material fact necessary in order to make the statements made… not misleading,” the complaint reads.

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