Memo reveals interplay between Clinton Foundation, personal business | TheHill
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.
