The overlap between Hillary Clinton’s State Department, her family’s foundation, and a consulting firm run by members of her inner circle has reaped a windfall for all involved, steering tens of millions of dollars to the Clinton family and generating lucrative contracts for a consulting practice run by a close confidante, an internal memo reveals.
The 2011 memo, authored by Clinton confidante Doug Band, reveals for the first time the precise financial flows between the Bill, Hillary, and Chelsea Clinton Foundation, Band’s firm Teneo Consulting, and the Clinton family’s private business endeavors.
The Band memo also provides additional details on the specific relationships between his consulting clients, which include multinational corporations and deep-pocketed foundations, and the Clinton family’s business and charitable efforts.
Band sent the memo to Clinton campaign chairman John Podesta, then the president of the left-wing Center for American Progress, in a November 2011 email. It was one of thousands released by Wikileaks after hackers believed to be acting in concert with the Russian government breached Podesta’s email account.
At the time the memo was written, Bill Clinton had four existing business “arrangements,” Band wrote. “We secured all of them; and, we have helped manage and maintain all of his for-profit business relationships.”