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News Clash

LEAKED MEMO: ‘Bill Clinton Inc.’ … Foundation Used As ‘Slush Fund’

Many have claimed that the Clintons have used their ‘charity’ to make themselves rich. This hacked memo is the smoking gun…

Watch 17 minutes of coverage on MSNBC’s Morning Joe:

When top Bill Clinton aide Douglas Band wrote the memo, he was a central player at the Clinton Foundation and president of his own corporate consulting firm. Over the course of 13 pages, he made a case that his multiple roles had served the interests of the Clinton family and its charity.

In doing so, Band also detailed a circle of enrichment in which he raised money for the Clinton Foundation from top-tier corporations such as Dow Chemical and Coca-Cola that were clients of his firm, Teneo, while pressing many of those same donors to provide personal income to the former president…

…Band wrote the memo in 2011 to foundation lawyers conducting a review of the organization amid a brewing feud with the Clintons’ daughter, Chelsea Clinton, who was taking a stronger role in leading the foundation and had expressed concerns about Teneo’s operations.

The memo, made public Wednesday by the anti-secrecy group WikiLeaks, lays out the aggressive strategy behind lining up the consulting contracts and paid speaking engagements for Bill Clinton that added tens of millions of dollars to the family’s fortune, including during the years that Hillary Clinton led the State Department. It describes how Band helped run what he called “Bill Clinton Inc.,” obtaining “in-kind services for the President and his family — for personal travel, hospitality, vacation and the like.”

…“We have dedicated ourselves to helping the President secure and engage in for-profit activities,” Band wrote. He also said he had “sought to leverage my activities, including my partner role at Teneo, to support and to raise funds for the foundation.”

…Band wrote that Teneo partners had raised in excess of $8 million for the foundation and $3 million in paid speaking fees for Bill Clinton. He said he had secured contracts for the former president that would pay out $66 million over the subsequent nine years if the deals remained in place.
Read more: Washington Post

Read the memo here by clicking the attachment tab on the Podesta email.

This is pretty amazing stuff for what Obama once promised would be ‘the most transparent’ administration ever.

Isn’t this exactly the kind of pay-for-play that reporters were so cautious not to report on?

Truman had something to say about this.


Looks like President Truman knew what he was talking about.

Why did Democrats offer The CLINTONS as their nominees?

Because they all wanted their cut of the gravy train.

Share if you think Trump will put a stop to the gravy train.