Chelsea Clinton's Husband Used Clinton Foundation To Raise Cash For His Hedge Fund

Tyler Durden's picture

That Teneo's Doug Band was not a fan of Chelsea Clinton, with whom he had a long-running feud as a result of her ongoing accusations that he was taking advantage of Bill Clinton's presence to enrich himself (even though thanks to a leaked memo we now know for a fact just how Teneo was working as a pass through, pay-for-play vehicle to enrich both Clinton and Band), we have known for a while (and reported on again just moments ago, when in one of the latest Podesta emails, he accused her of using Foundation cash to pay for her wedding).

We now learn that Band was also not a fan of Chelsea's husband, Marc Mezvinsky, co-founder of the hedge fund Eaglevale Partners, which had received substantial seed funding from Goldman Sachs, and which suffered massive losses with its wrong-way bet on Greek bonds.

In an email from January 18, 2012, Doug Band tells John Podesta and Cheryl Mills that "Marc mez[vinsky] had an idea to put together a poker night for the foundation to raise money. His raising money for his own fund hasn't been going well and he has cvc [Chelsea Clinton] making some calls for him to get mtgs with some clinton people."

What Band was accusing "Mez" of doing is that since he was unable to raise cash for his hedge fund on his own, he came looking for the help of his wife, Chelsea, who is Vice Chairman of the Foundation bearing her last name.

Band then says that "Marc has invited several potential investors and a few current business ones to the poker night. I assume all are contributing to the foundation, which of course isn't the point. What is the point is that he is doing precisely what he accused me of doing as the entire plan of his has been to use this for his business which he is."

And there you have another Pay-to-Play smoking gun: an extended Clinton family member using Bill's (and Chelsea's) "last name" connections to raise money for his business.

Needless to say, the idea worked: as Fox previously reported, in April 2012, Eaglevale booked $19 million from a dozen investors. California’s public employee pension fund, CalPERS, reportedly invested $13 million. Goldman Sach’s CEO, Lloyd Blankfein, jumped in with his own money, as did Chelsea Clinton’s former boss, Marc Lasry, who specializes in buying distressed debt.

In retrospect it appears that while we have no reason to doubt the sincerity of the relationship between Mezvinsky and Chelsea, the former clearly saw some prominent fringe benefits, namely the ability to fall back on the latter's last name to "raise money" through the Clinton Foundation, after his own fundraising efforts were falling short.

Another fringe benefit was to use Chelsea Clinton as a conduit for confidential information on Greek bailout talks coming directly from the US State Department, whose head - and top US diplomat - at the time was Hillary Clinton. As Fox previously reprorted, In May 2012, Sid Blumenthal, emailed two “confidential” memos about the Greek
debt situation to Clinton. Hormats was included in the email loop.

Clinton stepped down as secretary of state in 2013 to run for president. But newly released emails from 2012 show that she and Clinton Foundation consultant, Sidney Blumenthal, shared classified information about how German leadership viewed the prospects for a Greek bailout. Clinton also shared “protected” State Department information about Greek bonds with her husband at the same time that her son-in-law aimed his hedge fund at Greece.

 

The first memo, Blumenthal told Clinton, is “based on conversations with German Finance Minister Wolfgang Schauble and those close to him … the information comes from an extremely sensitive source and should be handled with care. This information must not be shared with anyone associated with the German government.”

 

The second memo was classified and blacked out by State Department censors when Clinton’s emails were released. No doubt, it was informative. In June, Clinton’s deputy, Jake Sullivan emailed her “a depressing snapshot” of reports that Greek banks were failing and that Merkel was against a Greek bailout. The next day, he reported “re: Greece” that Ambassador Dan Smith “just spoke to the Central Bank Governor and assessed that the economic situation was “ok for now” provided that “small depositors put money back into the banks.”

 

A few days later, Clinton asked Sullivan for a confidential state department report, “Solidarity Bonds Greece Revised.” He sent it to her adding, “If you like, send it on [to] WJC," presumably a reference to William Jefferson Clinton.

 

Clinton ordered an aide, “Pls print two copies” of the Greek bond report. The report was blacked out as a “protected” document when the emails were made public.

 

Did Mezvinsky benefit from his family connection?

 

The emails show that Clinton did at least one official favor for her son-in-law. In August 2012, she forwarded Deputy Secretary Thomas Nides an email from Mezvinsky lobbying on behalf of his former Goldman Sachs colleague, Harry Siklas. Siklas and Goldman Sachs were invested in a deep sea mining venture called Neptune Minerals. Siklas asked Mezvinsky to broker a talk with Clinton about “current legal issues and regulations” on deep sea mining. Clinton ordered Nides to “follow up on this request.”

 

Nides replied, “I’ll get on it.”

Ironically, despite all the behind the scenes benefits which should have assured the young hedge funder of slam dunk returns, Mezvinsky still failed.  As Fox also added, "Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy."

In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses.

A quick note here on what Mezvinsky's biggest seed investor: Goldman Sachs. Recall that when Chelsea Clinton's husband sought funding for his new hedge fund, he found financial backing from one of the biggest names on Wall Street: Goldman Sachs chief executive Lloyd Blankfein. Blankfein not only personally invested in the fund, but allowed his association with it to be used in the fund’s marketing.

The decision for Blankfein to invest in Hillary Clinton’s son-in-law’s company is just one of many ways Goldman Sachs has used its wealth to forge a tight bond with the Clinton family. The company paid Hillary Clinton $675,000 in personal speaking fees, paid Bill Clinton $1,550,000 in personal speaking fees, and donated between $250,000 and $500,000 to the Clinton Foundation. At a time when Goldman Sachs directly lobbied Hillary Clinton’s State Department, the company routinely partnered with the Clinton Foundation for events, even convening a donor meeting for the foundation at the Goldman Sachs headquarters in Manhattan.

Finally, in May 2016, Mezvinsky shut down Eaglevale's Greek fund after losing 90% of its assets in early 2015. It is unclear if he has since resorted to using the Clinton Foundation to fund more cash.

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nmewn's picture

Like father, like son.

TahoeBilly2012's picture

Web Hubbel my Daddy and nice jewish boy my hubby > perfect bastard child.

nibiru's picture

I wonder how strong the depression, schizophrenia and other mental disabilities exist in this family.

 

The sheer cognitive dissonance would make anyone to cry into the pillow during nights. Human brain can bend but can it bend so hard?

Looney's picture

 

Here’s a title for Hillary’s upcoming memoirs “The Little Thief That Could”.

Looney   ;-)

Placerville's picture

COLIN POWELL warned Hillary about a real danger if she was caught and HE said he had done something similar himself while SoS!

 

https://twitter.com/wikileaks/status/795145034345619457

 

https://www.wikileaks.org/clinton-emails/Powell_9-23-2016/C06125520.pdf

 

I wonder why he just came out and endorsed her recently...

BaBaBouy's picture

MAN... This is Better Than the Sopranos ~~~
Can I Buy The Movie Rights ???

Manthong's picture

“biggest seed investor: Goldman Sachs”

Just where exactly does GS typically inject their seed?

Stackers's picture

Crominalizing: The act of criminalizing normal behavior

CuttingEdge's picture

Such a shame the young lad didn't possess his mother-in-law's cattle futures trading acumen...

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) CuttingEdge Nov 6, 2016 11:21 AM

All that's missing from that foto are Roman Polanski, Mia Farrow, & John Cassavetes.

jcaz's picture

Of course Mezvinsky married her for true love- can tell just by the look on his face in this pic......

Of course, that's the look on MY face when I'm thinking "Fuck yeah, I got the gravytrain lined up LIFE now, and all I had to do was dick this cow once-  sweeeeeet!!!!!"

a Smudge by any other name's picture

Dude it's impossible to look more like that. Meanwhile his bride...ain't exactly runway material. Geesh.

FatTony7915726's picture

Time to fire up the blast furnaces in Poland.

AlaricBalth's picture

Called that one back on May 10, 2016

"AlaricBalth Manthong May 10, 2016 9:15 PM
I would like to know if one of the clients of this hedge fund was the Clinton Foundation.

"Don't worry about it kid, it wasn't our money. We just acted as if it was."
Bill Clinton to his son-in-law."

http://www.zerohedge.com/news/2016-05-10/hillary-clinton-son-laws-firm-s...

larz's picture

Looks like GS injects their seed (capital) in "random" funds that lose 90 percent of Muppet money

 

Btw isn't the greek trade the same one Corzine put on wth edf man customer funds?

cossack55's picture

Been watching "The Crown" on Netflix.  When it would not advace automatically was when I realized I was watching CNN

NumberNone's picture

During the Republican convention I remember watching one of Trump sons speaking and I was flipping through channels and landed on CNN.  The scrolling comments on the son was 'XXXX is a big game hunter'.  This was deliberately thrown out there to turn off all the liberals that might be persuaded to like or empathize with what was being said.  Why didn't they offer the same thing about Chelsea "Married to hedge fund manager that lost $300MM of investor money"?  Not a single mention of the husband or his actions during the campaign.  Maybe, just maybe this can bubble up a little bit prior to the election. 

Sandmann's picture

Chelsea married a Madoff kind of guy

King Tut's picture
King Tut (not verified) Placerville Nov 6, 2016 10:30 AM

The same reason he sat up in front of the UN and lied about WMDs- somebody(Zios) have dirt on him

The Saint's picture
The Saint (not verified) King Tut Nov 6, 2016 10:52 AM

I'm still waiting for Powell to show us where that photo of the nuclear bomb making/testing facility with the decontamination truck circling the compound was taken.  It was the basis of the proof of nuclear materials in Iraq that he presented to the U.N.  It has NEVER been explained.

 

Sandmann's picture

I want to see those Renault trucks as bio-weapons labs that Curved Ball told Powell about........I wonder if ISIS has them now ? Clinton invaded Kosovo to get Camp Bondsteel built, Bush wanted Saddam gone because he had defied him and Israel needed him out and Iraq and Syria broken up - Saudi wanted Secular States turned into Wahhabi fiefdoms - Libya, Iraq, Syria

HowdyDoody's picture

Israel also wants Europe to be converted into wahabbist fiefdoms

BaBaBouy's picture

Meanwhile The Fecking MSM Is MUM ... No Coverage of these Wiki Bomshells ~~~

onewayticket2's picture

bingo.  Another bombshell cover up...instiutionalized cover up.

 

the new "big short" is Society.  it's all held together by TRUST and these leaks prove our institutions are not telling the truth.

 

not sure how to short it (other than smith and wesson), but it's a bubble.  the FOUNDATIONS - and beyond - of society are almost all bubbles.   all are corrupted and have been for so long that there is corruption layered upon corruption, upon corruption.....kind of like the Jenga example in the book/movie.  It's all held together by trust that society has that these institutions are doing the right thing....and they are not.  

 

I hope I am wrong.

Dave Thomas's picture

They probably sleep like babies.

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) Dave Thomas Nov 6, 2016 11:22 AM

[Rosemary's] babies ~ there, fixed it!

nmewn's picture

The spawn of federal inmate #55040-066 could never be anything less ;-)

King Tut's picture
King Tut (not verified) TahoeBilly2012 Nov 6, 2016 10:20 AM

Being a member of the Tribe has its privileges 

chunga's picture

It's too bad the story about getting kicked out of the temple wasn't true.

Croesus's picture

I wouldn't call being married to Chelsea Clinton "a privilege". Mezvinsky deserved that money...look at who his mother in law is; That she-devil would drive any man to suicide. Even Bill Clinton doesn't like her, so what's that tell you? 

 

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) Croesus Nov 6, 2016 11:25 AM

"They're all gonna laugh at you"

~Piper Laurie

 

https://www.youtube.com/watch?v=ZP0ZFdKk8b4

TeMpTeK's picture

What do u call a jew who uses his powerful family connections to secure millions for his hedgefund investments but then loses 90% of its value... Successfully incompetent

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) TeMpTeK Nov 6, 2016 11:27 AM

I was gonna answer "prototypical", but your designation works too.

Wulfkind's picture

I actually didn't see this post before I made this reply to the Doug Band story about Chelsea profiting from the Clinton Foundation.  I offer some more info on her husband's parents and also the link between her husband's hedge fund and the Clinton campaign.

 

Seriously.......how can anyone ever have thought that Chelsea WASN'T going to be just as corrupt as her parents ??

 

Get this......her husband Marc Mezvinsky......is the son of former disgraced Congress Critters Ed Mezvinskey and Marjorie Margoles-Mezvinskey.

 

The Clintons and Mezvinskys have long been political allies and friends.

" In 1993, Margolies-Mezvinsky, then a freshman Democrat, cast the vote that got President Bill Clinton's controversial tax package through the House of Representatives.

"She earned an honored place in history, with a vote she shouldn't have had to cast," Bill Clinton wrote in "My Life," his 2004 memoir.

On a darker note, federal prosecutors said Ed Mezvinsky habitually dropped the Clintons' names and boasted of their friendship during the 1990s as he defrauded friends, family members and institutions out of more than $10 million.

Ed Mezvinsky was sentenced in 2003 to serve 80 months in federal prison after pleading guilty to a massive fraud that prosecutors said amounted to a Ponzi scheme. He was released from custody in April 2008, but remains under federal probation supervision.

Both he and his wife were forced into bankruptcy, and they quietly divorced in 2007, court records show.

Margolies-Mezvinsky was not implicated in any wrongdoing, but the scandal effectively ended her political ambitions. She founded and remains at the helm of Women's Campaign International, a nonprofit dedicated to the political empowerment of women. "

 

Not only that.....but Marc Mezvinskey started a hedge fund that included investors from the Rothschild family, the Clinton Foundation, and.....you guessed it......Lord Blankfein Vampire Squid himself.

 

" Beyond the glamour, being part of the Clinton family has provided Mr. Mezvinsky with another perk: access to wealthy investors with ties to the Clintons.

When Mr. Mezvinsky and his partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times. Tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons.

The investors include hedge fund managers like Marc Lasry and James Leitner; an overseas money management firm connected to the Rothschild family; and people from Goldman Sachs, including the chief executive, Lloyd C. Blankfein. Some of the investors in Eaglevale have contributed campaign money to the former president and Mrs. Clinton, who is widely expected to run for president again in 2016. Some have also contributed to the family’s foundation. "

 

Here are the links to the info above.

http://www.snopes.com/politics/clintons/mezvinsky.asp

http://www.nytimes.com/2015/03/23/business/dealbook/for-clintons-a-hedge...  

 

Chelsea is the corrupt apple that didn't fall very far at all from the rotten tree that is the Clinton Family.

jmack's picture

LOL, this putz had one job, to use inside information to make money, and he failed, utterly.   So schadenfreudelicious.

RaceToTheBottom's picture

A special snowflake in a wave of Global Warming.

Hal n back's picture

The first Mayor Daley. "If you can't help your family who can you help"? When asked about preferential treatment on contracts for his kids.

timeless21's picture

Ain't suprising 

Fireman's picture

Planet Klingon; there's a sewer running through it. How the "American dream" ends not with a bang but in the slammer.

Onward to the collap$€ of the Ponzi foundation and the end of the Hillbillies!

boattrash's picture

Real Hillbillies refer to Clintons (and their type) as "City Slickers" or "Carpetbaggers".

TeamDepends's picture

And the hits keep coming! Next up, I Fought The Law by Hillary And The Alinskyites.

PT's picture

Got enough evidence to steam up any normal person, but how much stands in a court of Law?

Is it just me?  I'm at the stage where all these leaks feel like I'm witnessing some kind of Confessional Cleansing Ritual.  You know, get all the sins out in the opening before the coronation, a la Devil's Advocate style.
http://www.dictionary.com/browse/devil-s-advocate

Have any of these leaked emails contained actual Classified information?
Have any of these leaked emails convicted re Benghazi?
Or am I on the wrong train when I mention those two incidents?

Overwhelm the populace with too much haystack and not enough needles?  Or even too many needles in the gigantic haystack?  Distribute a finite attention span over a multitude of scandals in order to dilute the intensity of each one.
I stand by my prediction that all this stuff gets forgotten starting Wednesday, though with very low odds and I will not complain if I am wrong.

Oldwood's picture

If the American voters condone these actions, America is done, America has set its irreversible path....downward.

Bay of Pigs's picture

The FBI knows the answers to all those questions. But I would say yes, they do have classified emails. Thousands of them.

Will they arrest these twisted freaks and criminals is another matter.

PT's picture

I am just surprised that Wikileaks et al have not released any of the Classified emails yet.  I can understand why they'd be leaving the juicy stuff till last, but it is getting late.
By now I would have expected a dump of some very awkward Classified emails followed by MSM calling for indictment of the leaker while totally ignoring the fact that it was on Hillary's private server and hacked by others already.  As far as I can see, this has not happened.
Where are the mishandled Classified emails?
Where are the damning Benghazi emails?
Sure, a lot of secondary damning stuff has surfaced but at the moment, team D can deny both of the big accusations.
Where is the heavy artillery?
The anti-Clintonites are delighting in chicken feed so they are only getting chicken feed.  Where is the caviar?

That is why I am forced to assert that this is all theatre and the emails will be forgotten starting on Wednesday.
I am just an ignoramus on the other side of the planet so there is always the possibility that there is something that I am not seeing.  But if I'm not seeing it then neither are a lot of other people.

The cause is lost.

Bay of Pigs's picture

You do make fair points and I dont disagree with you at all. 

We need the hammer to come down.

CHoward's picture

And the slime just keeps getting deeper.  Fuck ALL of these slimeballs.

Bay of Pigs's picture

Yeah, almost like racketeering.

(sarc tag not needed)