Chelsea Clinton Is A Board Director, Investor In Medical Company Accused of Defrauding Investors

Clover Health under DOJ, SEC investigation

Chelsea Clinton - Credit: Getty Images


Chelsea Clinton is a board director at a health insurance company that has been accused of defrauding investors.

Clover Health has been slapped with numerous investor lawsuits that claim the company and its leadership failed to disclose that it was under investigation by the Department of Justice for allegedly offering illegal kickbacks to health care providers in exchange for patient referrals.

Several of the lawsuits were consolidated in April into a class action case, which accused Clover Health and its CEO Vivek Garipalli of “employ[ing] devices, schemes, and artifices to defraud” investors.

Clinton’s involvement with Clover Health, where she has served on the board since 2017 and in which she also holds a significant financial stake, could complicate the former first daughter’s effort to position herself as a global health expert and commentator.

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