In an email exchange from the latest dump by Wikileaks, shows some tension between the Clinton clan and their foundation, specifically in 2011—when MF Global, formerly headed by Jon Corzine, was filing for bankruptcy. Doug Band, a former Clinton Foundation executive, is also a co-founder of the investment group Teneo, which was linked to the MF Global. Investment firms faced new scrutiny over the 2008 financial crisis, which was rehashed when $1.2 billion in MF Global customer funds were misappropriated—and Corzine had no idea where the money went.
In the email exchange, Band is complaining about Chelsea Clinton’s obsession over the reports about MG Global. It was alleged that $50,000 a month was paid to Bill through Teneo from MF Global, while the latter was circling the drain. Band described her as a “
Internal concerns among Clinton family intimates about Band and the private corporate advisory firm he co-founded, Teneo Holdings, have been previously detailed in several media accounts. But the new emails provide raw glimpses of an apparent power struggle between the Clintons' daughter and Band, who worked closely for Bill Clinton for more than a decade after the end of the Clinton administration.
In an email exchange from December 2011, Chelsea Clinton tells Podesta and others — including Clinton adviser and current Virginia Gov. Terry McAuliffe — that she's increasingly concerned about Teneo.
The email includes a forwarded news article that alleges that former President Bill Clinton had collected $50,000 a month through Teneo from MF Global, the commodities brokerage formerly run by former New Jersey Gov. Jon Corzine, while MF Global was preparing to file for bankruptcy.
Chelsea Clinton tells Podesta and others that two people separately came up to her at a London event for the Clinton Foundation to raise concerns someone representing Teneo clients had been calling members of the British Parliament "on behalf of President Clinton" without her father's knowledge. Chelsea Clinton said the calls had people in London "making comparisons" between the "profit motivations" of the former president and former Prime Minister Tony Blair.
Also in December 2011, Clinton Foundation chief operating officer Laura Graham contacted Band to complain that stress she blamed on the former president and Chelsea Clinton was causing her to consider suicide.
The Tribune noted that these exchanges marked the beginning of the rise of Chelsea within the family nonprofit, which she is probably going to quarterback should her mother become the next president of the United States. As for the COO, Graham was talked down from the ledge, and soon left the Clinton Foundation for a job with the state of New York. A lot of drama here, folks.
Late last night, laura graham called me as she couldn't reach my brother >>> or her shrink. She was on staten island in her car parked a few feet from >>> the waters edge with her foot on the gas pedal and the car in park. She >>> called me to tell me the stress of all of this office crap with wjc and cvc >>> as well as that of her family had driven her to the edge and she couldn't >>> take it anymore. I spent a while on the phone with her preventing her from >>> doing that, as I have a few times in the past few months, and was able to >>> reach roger and her shrink.