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Politics : The Donald Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: toccodolce who wrote (15836)	10/30/2016 5:20:04 PM
From: toccodolce	Read Replies (1) \| Respond to of 74615

More Clinton Foundation irregulariites: Tocco dailycaller.com 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. When he wrote the memo in 2011, Band was under pressure to defend his fund-raising work to the law firm, which had been retained by Chelsea Clinton to conduct a “ governance review” of the Clinton Foundation. The law firm is one of the nation’s foremost authorities on ethical nonprofit management and regulation. Band described Teneo as devoted to “merchant and investment banking services, corporate restructuring, public relations and communication services, and strategic advising services.” But he said he “leveraged” his business activities to raise millions of dollars for the Clinton Foundation.