Douglas Band, one of former President Bill Clinton’s closest advisors, boasted to outside auditors that his for-profit corporation had a “historical role in carrying the majority of the fundraising burden” for the nonprofit Clinton Foundation.
A Nov. 16, 2011 memo Band authored, which WikiLeaks made public Wednesday, raises disturbing questions about charitable law violations due to mixing for-profit activities with the nonprofit foundation.
Band authored the extraordinary memo for the law firm of Simpson Thacher, in which he bragged that his for-profit Teneo raised “well over $150 million, much of it from people who did not know President Clinton when he was in office.”
Band co-founded Teneo with Declan Kelley who then-Secretary of State Hillary Clinton had appointed to serve as the U.S. Economic Envoy to Northern Ireland in 2009.
“This is a confession of widespread fraud that must have sent Simpson Thacher into overdrive,” Charles Ortel, a Wall Street analyst who has reviewed multiple documents related to the Clinton Foundation controversy, told The Daily Caller News Foundation. – READ MORE
