Clinton Aide: Foundation Can’t Have ‘Too Many Rules’ or Bill Would Have ‘Serious Conflicts’
In an email released by Wikileaks Friday, a top aide to Bill Clinton advised against the Clinton Foundation adopting stricter rules, warning that Bill would be caught up in serious conflicts of interests if it did.
In a previously released 2011 email, businessman and Clinton Foundation aide Doug Band weighed in on a proposed update to the rules governing conflicts on interests, noting that he had to disclose his and his consulting firm Teneo’s conflicts while the former president did not.
“I signed a conflict of interest policy as a board member of [Clinton Global Initiative],” he said. “On it, I wrote that my wife designs bags for CGI, and loses money doing so plus donating her time. And that Teneo represents 4 CGI sponsors, 3 of which Teneo brought to CGI.”
“Oddly, [Bill Clinton] does not have to sign such a document even though he is personally paid by 3 CGI sponsors, gets many expensive gifts from them, some that are at home etc,” he pointed out.
“I could add 500 different examples of things like this…” Band concluded.
But in the newest hacked email, aide Justin Cooper warned: “I think there [Bill] may have some real serious conflicts if we start to make too many rules,” he said.
“It may be time to update some procedures,” he admitted, “but we can not ignore the nexus of [Bill’s] life.”
[Image via screengrab]
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