That is nothing to him.
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 the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.
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/Events.
The Teneo contract with MF Global lasted at least five months, the source 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. Clinton is the chairman of the company’s advisory board, reports Hum/Events.
SOURCE http://nation.foxnews.com/mf-global/2011/12/05/report-bill-clinton-reaped-big-bucks-corzine-firm-collapse#ixzz1fhH3pHHH
How MF Global’s ‘missing’ $1.5 billion was lost — and found
I recall that the missing funds were later found, though Corzine claimed bewilderment over the loss and recovery.
I’ve always suspected the money was fronted to the ‘12 campaign and later stealthily restored. He worked as a bundler for both ‘08 and ‘12 campaigns. The last minute timing of this settlement seems consistent with this.
So, 5 mil is small potatoes, but I guess is as well as could be done to someone with so many friends.