Doug Band Exposes Foundation’s “For-Profit Activity Of President Clinton (i.e., Bill Clinton, Inc.)”

Of all the discoveries revealed as part of the Wikileaks Podesta email dump over the past month, perhaps none has been as damaging to the reputation of the Clinton family as those made by the disgruntled employee of consulting firm Teneo (which was closely linked to the Clinton Global Initiative and Clinton Foundation), Doug Band.

As we previously reported, in the last email dump released overnight, as part of Band’s ongoing feud with Chelsea Clinton and her allegations that he was misusing the Clinton name to enrich himself, Doug Band accused Chelsea Clinton of using Foundation money to pay for her wedding:

The investigation into her getting paid for campaigning, using foundation resources for her wedding and life for a decade, taxes on money from her parents…. I hope that you will speak to her and end this

In the latest email batch, Doug Band also revealed that Chelsea’s husband Marc Mezvinsky had abused the Clinton Foundation’s influence, and his wife’s family name, to help him find sources of cash for his hedge fund, Eaglevale, which included such seed sponsors as Goldman Sachs CEO Lloyd Blankfein.

Marc mez[vinsky] had an idea to put together a poker night for the foundation to raise money. His raising money for his own fund hasn’t been going well and he has cvc [Chelsea Clinton] making some calls for him to get mtgs with some clinton people.

Marc has invited several potential investors and a few current business ones to the poker night. I assume all are contributing to the foundation, which of course isn’t the point. What is the point is that he is doing precisely what he accused me of doing as the entire plan of his has been to use this for his business which he is.

And then, in a fitting summary, in yet another email released overnight by Wikileaks, the same Doug Band takes a parting shot at Bill Clinton and the Foundation, when in a November 11, 2012 memo he encapsulates all that was (and is) wrong with the Clinton’s charitable foundation by exposing what he calls “Bill Clinton, Inc”, and reveals the “for-profit activity of president Clinton” as follows:

For-Profit Activity of President Clinton (i.e., Bill Clinton, Inc.)

Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities – including speeches, books, and advisory service engagements.  In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals.  In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like.  Neither Justin nor I are separately compensated for these activities (e.g., we do not receive a fee for, or percentage  of, the more than $XX million in for-profit activity we have helped to secure for President Clinton).

With respect to business deals for his advisory services, Justin and I found, developed and brought to President Clinton X arrangements for him to accept or reject. Of his current Y arrangements, we secured Z of them; and, we have helped manage and maintain all of his for-profit business relationships.  Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements.

Considering that every aspect of the Clinton charitable ventures was only permitted in the strict context of a non-“for profit” legal status and the avoidance of personal enrichment, Doug Band has helpfully provided the final confirmation of the illegal activites conducted by the former president, and how he used his foundation largely as a for-profit entity, meant to trade political favors in exchange for cold, hard cash.

We doubt, however, that the severely compromised FBI will notice until well after the election, if at all.

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