One of the rare deviations from the happy talk appeared in The Wall Street Journal on Jan. 1, 2016, observing that "most Ukrainians say the revolution's promise to replace rule by thieves with the rule of law has fallen short and the government acknowledges that there is still much to be done."
Actually, the numbers suggested something even worse. More and more Ukrainians rated corruption as a major problem facing the nation, including a majority of 53 percent in September 2015, up from 28 percent in September 2014, according to polls by International Foundation for Electoral Systems.
So, as the hard lives of most Ukrainians got harder, the elites continued to skim off whatever cream was left, including access to billions of dollars in the West's foreign assistance that has kept the economy afloat.
There was, for instance, the case of Finance Minister Natalie Jaresko, who was regarded by many pundits as the face of Ukraine's reform before departing last April after losing out in a power struggle.
Yet, Jaresko was hardly a paragon of reform. Prior to getting instant Ukrainian citizenship and becoming Finance Minister in December 2014, she was a former U.S. diplomat who had been entrusted to run a $150 million U.S.-taxpayer-funded program to help jump-start an investment economy in Ukraine and Moldova.
Jaresko's compensation was capped at $150,000 a year, a salary that many Americans -- let alone Ukrainians -- would envy, but it was not enough for her. So, she engaged in a variety of maneuvers to evade the cap and enrich herself by claiming millions of dollars in bonuses and fees.
Ultimately, Jaresko was collecting more than $2 million a year after she shifted management of the Western NIS Enterprise Fund (WNISEF) to her own private company, Horizon Capital, and arranged to get lucrative bonuses when selling off investments, even as the overall WNISEF fund was losing money, according to official records.
For instance, Jaresko collected $1.77 million in bonuses in 2013, according to a WNISEF filing with the Internal Revenue Service. In her financial disclosure forms with the Ukrainian government, she reported earning $2.66 million in 2013 and $2.05 million in 2014, thus amassing a sizeable personal fortune while investing U.S. taxpayers' money supposedly to benefit the Ukrainian people.
It didn't matter that WNISEF continued to hemorrhage money, shrinking from its original $150 million to $89.8 million in the 2013 tax year, according to the IRS filing. WNISEF reported that the bonuses to Jaresko and other corporate officers were based on "successful" exits from some investments even if the overall fund was losing money.
Though Jaresko's enrichment schemes were documented by IRS and other official filings, the mainstream U.S. media turned a blind eye to this history, all the better to pretend that Ukraine's "reform" process was in good hands. [See Consortiumnews.com's "How Ukraine's Finance Minister Got Rich."]
Biden's Appeal
Worried about the continued corruption, Vice President Joe Biden, who took a personal interest in Ukraine, lectured Ukraine's parliament on the need to end cronyism.
But Biden had his own Ukraine cronyism problem because three months after the U.S.-backed overthrow of the Yanukovych government, Ukraine's largest private gas firm, Burisma Holdings, appointed his son, Hunter Biden, to its board of directors.
Burisma a shadowy Cyprus-based company also lined up well-connected lobbyists, some with ties to Secretary of State John Kerry, including Kerry's former Senate chief of staff David Leiter, according to lobbying disclosures.
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