Memo reveals interplay between Clinton Foundation, personal business

An internal memo released Wednesday by WikiLeaks reveals new details about the interplay between the Clinton Foundation and the Clinton family’s personal business interests.

The 12-page document is penned by Doug Band, a longtime Clinton confidant who had been the Clinton Foundation’s primary fundraiser for a decade.

Band wrote the memo as a principal for Teneo, a private consulting firm that raised tens of millions of dollars for the Clinton Foundation while also acting as a personal in-house agency for Bill Clinton.

In the memo, Band describes his “unorthodox” role in raising money for the nonprofit foundation while simultaneously securing for-profit opportunities for the former president.

The document argues that Band’s dual lines of work were “independent” of one another. The memo came after criticism from Chelsea Clinton — revealed in a separate email published by WikiLeaks — over Band’s role within the family’s network of interests.

The memo states that as of November 2011, Teneo had raised tens of millions for the foundation and produced between $30 million and $66 million in revenue for Bill Clinton through various “business arrangements,” including paid speeches.

“In the unique roles in which we have had the opportunity to serve, we have been able to help balance the multiplicity of activities that demand [Bill Clinton’s] time and engagement to best fulfill his personal, political, business, official former President, and Foundation/non-profit goals,” Band writes.

Source: Memo reveals interplay between Clinton Foundation, personal business | TheHill



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