Wow... This memo is the smoking gun as it lays out the ...modus operandi
Per the Attachment:
Teneo
Teneo was established in June 2011. It has three partner/owners – Declan Kelly, Paul Keary and Doug Band. We have offices in 3 places, and employ more than 65 individuals. Teneo provides the following services to its 18 clients: merchant and investment banking services, corporate restructuring, public relations and communication services, and strategic advising services. As of 30 October 2011, we have 20 clients, a list of which is enclosed.
Cognizant of the Foundation’s significant fundraising needs as well my role as the primary fundraiser for the Foundation for the past 11 years, as a partner in Teneo, Mr. Kelley and I have asked and encouraged our clients to contribute to the Foundation. Through our efforts, we have brought new donors to the Foundation and garnered increased giving from existing donors. Additionally, the foundation donors require significant maintenance to keep them engaged and supportive of the foundation. We have sought to make that the case when we could particularly as we are thinking more
long term at things such as estate gifts and planned giving for the foundation.
Leveraging Teneo for the Foundation
Tenor Clients Who are New Large Donors to the Foundation:
Below are Teneo clients who either are new to the Foundation or who previously had a more limited giving relationship with the Foundation (e.g.,CGI membership). As Teneo partners, we have solicited our clients to contribute or to increase their contributions to the Foundation.
The Coca-Cola Company -— Total Giving: $4,330,000
2004: $250,000 year total – for the Operating Fund
2006: $30,000 year total – for CGI
2007: $30,000 year total – for CGI membership
2008: $20,000 year total – for CGI membership
2009: $1,000,000 year total – for Operating Fund
2010: $3,000,000 year total – for Operating Fund
Mr. Kelly has advised the CEO of Coca Cola for years; he also enjoys a close relationship with one of the company’s largest shareholders Don Keogh. Mr. Kelly introduced the CEO of Coca Cola, Muhtar Kent, to President Clinton in January 2009 at a meeting he arranged at President Clinton’s home in DC. Over the course of 2009, Mr. Kelly cultivated Mr. Kent’s interest in the Foundation – first in CGI and the Foundation. Mr. Kelly asked Mr. Kent to give $5 million to the Foundation, which he pledged in early 2010. Mr. Kelly has collected $3 million of that pledge to date and he and I both will secure the remaining $2 million in the near future.
The Dow Chemical Company – Total Giving: $780,000
2007: $15,000 year total – for CGI membership
2008: $20,000 year total – for CGI membership
2009: $40,000 year total – for CGI membership
2010: $190,000 year total – $40,000 to CGI membership; $150,000 to General Operating Fund
2011: $515,000 year total –for CGI;
$40,000 for membership
$225,000 to sponsor CGI America
$250,000 to sponsor CGI Annual Meeting
Mr. Kelly has advised Andrew Liveris for years. In August of 2009, Mr. Kelly invited Mr. Liveris to play golf with President Clinton and me. Mr. Kelly subsequently asked Dow to become a CGI sponsor at the $500,000 level, which they did, as well as making a $150,000 donation to the Foundation for President Clinton to attend a Dow dinner in Davos. To date Mr. Kelly has secured Dow’s support for CGI 2012 for $250,000 as well as an oral commitment to host a CGI America event in Midland Michigan if President Clinton so chooses.
UBS – Total Giving: $540,000 (since 2005)
2005: $25,000 year total – for Katrina
2006: $15,000 year total – for CGI membership
2007: $90,000 year total – for CGI membership
2008: $20,000 year total – for CGI membership
2010: $20,000 year total – for CGI membership
2011: $370,000 year total – $20,000 for CGI membership; $350,000 for Clinton Economic Opportunity
Bob Mccann is the head of UBS Wealth Management and a long time client and close friend of Mr. Kelly. Mr. Kelly introduced Mr. Mccann to President Clinton at an American Ireland Fund event in 2009. Mr. Kelly subsequently asked Mr. Mccann to support the Foundation, which he did via the Clinton Economic Opportunity Initiative. Mr. Kelly also encouraged Mr. Mccann to invite President Clinton to give several paid speeches, which he has done.
The American Ireland Fund (AIF) – Total Giving: $350,000
2010: $250,000 year total – for the Operating Fund
2011: $100,000 year total – for the Operating Fund
Mr. Kelly is a trustee of AIF; he has urged and ensured that the AIF is a significant donor to the Foundation. Mr. Kelly has successfully secured $350,000 to date. Mr. Kelly also will continue giving in the coming years as well through the AIF.
The All-State Corporation – Total Giving: $265,000 ($500,000 pledge).
2008: $15,000 year total – for Center Sponsorships
2011: $250,000 year total – for CGI (Annual Meeting sponsorship)
Mr. Kelly brought Joan Walker, his long time friend, to meet President Clinton at his home in Chappaqua in 2010. Mr. Kelly then asked her to be a Foundation donor; she agreed to sponsor CGI for 2 years at $250,000 a year starting in 2011.
Barclays Capital -— Total Giving: $1,100,000 (since 2008)
2008: $40,000 year total – for CGI membership
2009: $40,000 year total – for CGI membership
2010: $520,000 year total – for CGI membership and sponsorship
2011: $500,000 year total – for CGI sponsorship
Teneo does limited work with Barclays. In 2010, Teneo partners encouraged Barclays give $500,000 a year to CGI, which they have done for two years to date.
Indo Gold – Total Giving: $100,000 with a $150,000 commitment
2010: $50,000 year total – for CGI (Annual Meeting sponsorship)
2011: $50,000 year total – for CGI (Annual Meeting sponsorship)
Indo gold is a small Teneo client that we asked to become a CGI sponsor.
BHP Billiton Limited – Total Giving: $20,000 for CGI 2011.
Note: To date, Teneo partners have raised in excess of $8 million for the Foundation, more than $5.25 million of which is in the bank. Teneo partners also have generated over $3 million in paid speeches for President Clinton, $1.25 million of which has been paid to him thus far.
Note: Teneo partners raise funds for the Foundation and contribute time, staff, resources and relationships of the firm to help generate these donations to the Foundation.
For-Profit Activity of President Clinton (i.e., Bill Clinton, Inc.)
Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities – including speeches, books, and advisory service engagements. In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals. In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like. Neither Justin nor I are separately compensated for these activities (e.g., we do not receive a fee for, or percentage of, the more than $50 million in for-profit activity we have personally helped to secure for President Clinton to date or the $66 million in future contracts, should he choose to continue with those engagements).
With respect to business deals for his advisory services, Justin and I found, developed and brought to President Clinton multiple arrangements for him to accept or reject. Of his current 4 arrangements, we secured all of them; and, we have helped manage and maintain all of his for-profit business relationships. Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements.
President Clinton Paid Speeches:
In support of the President’s paid speech activity, Teneo partners have created and secured the following paid speeches for President Clinton.
UBS – $900,000 - $450,000 in 2011; $450,000 to be paid in 2012
Mr. Kelly asked UBS to offer President Clinton paid speeches based upon a concept he developed with Bob Mccann for the firm’s clients. In addition to the $540,000 UBS contributed to the Foundation, Teneo partners have secured a commitment from UBS for President Clinton to deliver three additional paid speeches for them in 2012, should he choose to do so.
Ericson – $750,000 plus $400,000 for a private plane
After meeting one of Director of Ericsson on a business trip, I learned that they were sponsoring an inaugural event in China. I pursued them to invite President Clinton to China to speak at this event. I negotiated a fee for President Clinton of $1 million dollars to speak for two one-hour sessions in Hong Kong, which he did this past weekend. In addition to the $1 million speaking fee, I negotiated additional coverage of the cost of a private plane.
BHP – $175,000 in 2012
BHP is hosting a board of directors meeting in June of 2012. We encouraged them to do it in NY and pay Presdent Clinton through Walker. The offer is currently at the state department being vetted.
Lightining
President Clinton recently turned down a 2 year, $8 million offer to become Honorary Chairman of Mati Kochavi’s new media business venture. Mati is a former client of Teneo who we were referred to through Marty Edelman. I went back to Mati and proposed a new structure without any business connectivity other than 4 speeches for $1 million and $250k to the foundation should President Clinton choose to accept it. That would also include any broadcasting of foundation events or anything President Clinton would like exposure for on his website. This offer will be presented to President Clinton in Walker speech invitations which he can choose to decline or accept with no role or relationship with the company.
Barclays
Teneo cultivated its client relationship to help secure two paid speeches in 2010 and 2011 totaling more than $700,000.
Other Matters:
Justin Cooper and I have, for the past ten years, served as the primary contact and point of management for President Clinton’s activities – which span from political activity (e.g., campaigning on behalf of candidates for elected office), to business activity (e.g., providing advisory services to business entities with which he has a consulting arrangement), to Foundation activity (e.g., supporting his engagement on behalf of the initiatives and affiliated entities of the Foundation), to his speech activity (e.g., soliciting speeches and staffing and supporting him on speech travel) to his book activity (e.g., editing his books and arranging and supporting him on book tours) to supporting family/personal needs (e.g., securing in-kind private airplane travel, in-kind vacation stays, and supporting family business and personal needs). In the unique roles in which we have had the opportunity to serve, we have been able to help balance the multiplicity of activities that demand his time and engagement to best fulfill his personal, political, business, official former President, and Foundation/non-profit goals.
We appreciate the unorthodox nature of our roles, and the goal of seeking ways to ensure we are implementing best practices to protect the 501(c)3 status of the Foundation. As we go forward, we welcome the opportunity to identify better strategies for serving the President, the Foundation and its affiliated entities.
When he went to jail, investigators found Ponzi King Bernie Madoff
had stashed billions offshore-----into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
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WIKI.COM NAILS THE MADOFF OPERATION (emphasis added) Stanley Chais, a "philanthropist" who invested heavily with Mr. Madoff, and Carl J. Shapiro, one of the money manager's oldest friends, are among at least eight Madoff investors and associates being scrutinized by the U.S. attorney's office in Manhattan. Prosecutors are continuing to probe Madoff family members and employees.
Others include: Frank Avellino, a Florida accountant who ran an investment fund that invested client money; Noel Levine, a real-estate investor who works out of a two-room office on the 17th floor, next door to Madoff's fraudulent investment operation, and Palm Beach investor Robert Jaffe, a son-in-law of Mr. Shapiro who referred potential investors to Madoff.
Entity called Madoff Securities International Ltd.----In 2008, about $1 billion was transferred between Madoff’s U.S. firm and Madoff Securities International Ltd. in London. On March 24, 2009 Judge Louis L. Stanton granted power of attorney to Irving Picard, trustee, over Madoff's controlling stake in London.
Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office.
He allegedly sent more than $250 million beginning as early as 2002, from his New York-based firm, Bernard L. Madoff Investment Securities LLC, to the U.K. office and then back to accounts in the U.S.
In 2000, Madoff began to add staff and expand the operation, and loaned the business $62.5 million. He had a staff of 25, including traders, managers and support. Instructions to staff was that they communicate with Madoff Securities through personal e-mail accounts, not through company e-mail.
There were nine directors. Family members with shares included Mark and Andrew Madoff, Peter Madoff, and Bernard himself. Ruth Madoff, Bernard Madoff's wife, also held shares. [8] Non-family members with shares included Maurice J. "Sonny" Cohn. Madoff and Cohn were shareholders in Cohmad Securities, which steered investors to Mr. Madoff's advisory business.
In 1987, Mr. Cohn had shares of Madoff Holdings Ltd., a predecessor to the current London firm. In 1998, Mr. Cohn held 35,624 non-voting shares, some of which he transferred to "BL Madoff" in 1998, and the rest that he "disposed of" in 2004.
Paul Konigsberg, a New York City accountant and a longtime friend for more than 25 years, prepared two Madoff Family Foundation tax returns, and received the non- voting shares, valued at $35,000. He did work for the London office when it was first opened. [8]
A general ledger of Madoff accounts listed Konigsberg, of the reputable accounting firm of Konigsberg, Wolf & Co., as receiving $30,000 a month to advise the MSIL operations, and funnel client checks to the London office for Madoff's own use.[9]
Clients were often directed to Mr. Konigsberg by Mr. Madoff and his family. Mr. Konigsberg prepared the tax returns of foundations of six other families, many of which have lost millions, even hundreds of millions, of dollars. He also represented scores of individual Madoff investors.
Mr. Konigsberg's firm has received a civil subpoena from the SEC. His Madoff-related clients included Carl and Ruth Shapiro, Boston philanthropists whose foundation lost $145 million, and whose son-in-law, Robert M. Jaffe, under investigation, is a Madoff business partner.[9][10]
Konigsberg held Madoff accounts under his name including two in the name of the Westlake Foundation. Paul J. and Judith Konigsberg are officers and directors of the foundation. He owns homes in his wife, Judith's name in Greenwich, Connecticut and Palm Beach Gardens, Florida.[11]
On April 20, 2009, Steven Leber filed a $4 million lawsuit against Konigsberg and his accounting firm for negligence, and breach of fiduciary duty.[12] Konigsberg answered the charges with affirmative defenses.[13]
Evidence is being gathered by investigators on a U.S.-U.K. task force that Konigsberg and Levy, a real-estate mogul and philanthropist are believed to be involved in an international transfer of money. Levy is believed to have helped Paul Konigsberg funnel checks to London. And investigators in New York say there were billions of dollars worth of checks going back and forth between Madoff and Levy.
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One Levy entity---a "do-good tax-exempt foundation" "says" it "lost" $224 million "investing" with Madoff. Supposedly the foundation helped the "less fortunate," especially ex-convicts. NOTE "losing investment money" is a tax-write-off.
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Looks like Madoff helped himself to his "investors'" money. The suckers
thought Madoff was just doing them a favor---money-laundering, and tax evasion.
Right Bill?