Clinton Operative Charged

( A longtime Clinton operative and “socially responsible” investor who was accused last year of mishandling nearly $2 million set aside to purchase masks and gowns during the COVID pandemic was charged with unrelated felony financial crimes on October 18 and is now wanted by authorities.

A warrant has been issued for Denver attorney Steve Bachar, 56, on the charges of felony theft and securities fraud. He is accused of stealing as much as $1 million and lying to an investor “in connection with the offer, sale or purchase of a security,” according to the criminal complaint filed by the Denver district attorney’s office.

The crimes allegedly occurred between October 2017 and August 2018. Bachar told the Denver Post that the criminal charges were “outrageous, unfounded, and false,” and he looks forward to letting “the facts come to light.”

During his career, Bachar served in the Clinton administration both as the White House advance lead and in the Treasury Department. He later joined the Clinton Global Initiative before signing on to Hillary Clinton’s failed run for the White House in 2016. He also served as an advisor to former Colorado Democrat Governor/now Senator John Hickenlooper.

Bachar’s private sector career as a corporate attorney and cofounder of Empowerment Capital Management was focused on “socially responsible investing.”

In the spring of 2020, at the height of the COVID-19 pandemic, Bachar allegedly pocketed nearly $2 million from health care companies that believed they were purchasing personal protective equipment such as masks and gowns.

According to a lawsuit filed by the Denver-based DaVita Inc, Bachar agreed to sell them 4,200 cases of N95 masks for $2.4 million in April 2020 but Bachar never delivered the masks, nor did he return their initial payment of $604,000.

In December, the Future Health Company filed a complaint claiming Bachar failed to pay them $1.2 million for 3 million medical gowns that Future Health sent to the state of Wisconsin.

Over the summer, Bachar was ordered to pay nearly $4.5 million to both of the companies he allegedly defrauded, however, he has yet to comply with the civil judgments against him.