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For-Profit “Bill Clinton, Inc.” Linked to Clinton Foundation

Wednesday, October 26, 2016 14:55
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(Before It's News)

Bill Clinton appears to have used the Clinton Foundation as a vehicle for creating lucrative business opportunities for himself, according to a memo newly released by Wikileaks.

The memo was written by longtime Clinton advisor Doug Band, according to the Washington Examiner. Band’s firm, Teneo, worked to drum up business for both the Clinton Foundation and Bill Clinton — or “Bill Clinton, Inc.” in Band’s words — sometimes from the same entities.

A telling example is that of Laureate Education, a for-profit education conglomerate. According to the Examiner:

Band boasted in his memo that the former president’s contract with the company “evolved” from its ties to the foundation.

“Laureate is a Foundation relationship that evolved into a personal advisory services business relationship for President Clinton,” Band wrote. “I have managed this relations [sic] and, since 2011, Teneo partners have helped manage this relationship, which is very time-consuming. Laureate pays President Clinton $3.5 million annually to provide advice and serve as their Honorary Chairman.”

The memo indicated Laureate had donated $1,401,332 to the Clinton Foundation between 2009-11. It became a Teneo client in 2011.

The Clinton Foundation appears to have served so many wonderful purposes. It was a vehicle for Bill Clinton to enrich himself and a way to build ties with companies that could offer the Clintons high-priced speaking engagements, vastly overpaid “advisory” roles, and so forth.

Meanwhile, it was a place for the Clintons to park loyal staffers such as Cheryl Mills and Sid Blumenthal in high-paying jobs while they awaited the Clinton restoration to the White House. And, oh yeah, do some charitable work, perhaps contracting with other friends of the Clintons to perform the jobs.

What a complete and comprehensive basket of corruption.


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