In June, 2012, Abedin changed her employment status at the State Department from being a full time employee with the title of deputy chief of staff to being a “special government employee,” a type of contractor that allowed her to take on private clients in addition to her government job that included Hillary Clinton’s post-State Department transition team, the William J. Clinton Foundation, and Teneo Holdings, a firm run by Clinton confidante Doug Band.
Abedin’s change in employment status was exposed in a June article in Politico, which reported that Abedin and Weiner reported income of $490,000 in calendar year 2012, $360,000 of which represented a combination of both of their consulting incomes.
Grassley has been pressing the State Department and Abedin to answer a slew of questions over the arrangement ever since.
“It appears that Teneo may have been compensating Ms. Abedin for gathering information from government sources for the purpose of informing investment decisions of her clients - or in other words, political intelligence,” Grassley wrote in a June 13 letter. “This raises important questions about whether her dual role was adequately disclosed to government officials who may have provided her information without realizing that she was being paid by private investors to gather information.”
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Huma was pocketing bigtime from Teneo Holdings, a firm run by Clinton confidante Doug Band. Teneo is also connected to MF Global--- as Jon Corzine presided over a billion dollar heist. Quoting from Teneo’s Web site: the firm is the “next chapter in strategic advisory.”
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NOTE: a former MF Global employee accused former president Bill Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before MFG careened towards its Halloween 2012 filing for Chapter 11 bankruptcy, reports Human Events.
Bill Clinton is the chairman of Teneo's advisory board.
Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution, according to Hum/Evnts. The Teneo contract with MF Global lasted at least five months, the souce said. “The board cancelled it after Corzine resigned.”
The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services. The trustee for MFG investors later sued JPMorgan bank for return of about $450M that MFG had transferred to the bank.
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Sen Grassley needs to mobilize the Bank Secrecy Act---in which banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of govt fraud, money laundering and other financial crimes.
The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting govt fraud, money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities.
L/E needs to examine Huma, Corzine's and Clinton's bank accounts.
<><> Joint bank accounts might be used to facilitate the transfer of of govt funds. MFG monies may pay for personal and private expenses, credit cards, real estate sunsidies and vehicle purchases.
<><> To cover their tracks, fake invoices might be created to show that money deposited into accounts was being used for legitimate investment purposes.
The scheme might be advanced by issuing phony statements of payments from financial sources that actually covered the transfer of funds for MFG insiders own use.
<><> L/E is directed to get ahold of: (1) copies of MFG checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including e-mail, contracts, loan agreements, and, (8) any other books or records. L/E should also explore (a) monies paid to brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.
<><> L/E should scrutinize MFG bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.
BTW, like his tenant Anthony Weiner, condo owner/donor Jack Rosen is no stranger to sex scandals. In 1999, he was hauled into court by a Russian model who said she’d had an affair with the married dad of two and that he was the father of her young daughter. Rosen first denied paternity but then stopped fighting the suit, and the judge gave the child — who is now in high school — Rosen’s surname.
Since when to former cabinet members rate a “transition team” on our dime?