Wednesday, May 27, 2015's Hidden Shell Corporation

Bill Clinton's Secret 'Pass-Through' Company Exposed
"Because the company, WJC, LLC, has no financial assets, Hillary Clinton's campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton's private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.

"The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president's finances on the record, said the entity was a 'pass-through' company designed to channel payments to the former president."

Indeed, as the report details, Clinton's work for the consulting company Teneo, formed by a former close aide to the ex-president, went through WJC, LLC.
WJC, LLC was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band's international consulting company, Teneo Strategy LLC. Band's request said Teneo would use "consulting services provided by President Clinton through WJC, LLC." State Department officials approved the three-year contract between the two companies.
None of the proposals detailed how much Bill Clinton would be paid.
Band appears to be named after Douglas Band, a former Clinton adviser and one of the founding partners of Teneo:
Former U.S. President Bill Clinton and former British Prime Minister Tony Blair were paid advisers to Teneo. The New Republic described "the extent to which Teneo’s business model depend[ed] on [Band's] relationship with Clinton" as "striking". Clinton ended his relationship with Teneo on February 2012. Doug Band's longtime advisor relationship with Clinton ended in 2013 after concerns that Band had leveraged his ties with Clinton too much for his own business interests with Teneo.

During the latter half of 2012, Huma Abedin was working as a paid consultant for Teneo while also working as special government employee for U.S. Secretary of State Hillary Rodham Clinton. In July 2013, Sen. Chuck Grassley (R-IA) initiated investigation of Abedin’s activities and pay.
All very cozy. And with Hillary trying to sell herself as the representative of the "little people."

No comments:

Post a Comment