Clinton donors overlap

[JTFrog]

By Don Van Natta Jr., Jo Becker and Mike McIntire
updated 2:57 a.m. ET, Thurs., Dec. 20, 2007

Over the last decade, former President Bill Clinton has raised more than $500 million for his foundation, allowing him to build a glass-and-steel presidential library in Little Rock, Ark., and burnish his image as an impresario of global philanthropy. The foundation has closely guarded the identities of its donors — including one who gave $31.3 million last year.

Now, the secrecy surrounding the William J. Clinton Foundation has become a campaign issue as Senator Hillary Rodham Clinton seeks the Democratic presidential nomination with her husband as a prime source of strategy and star power. Some of her rivals argue that donors could use presidential foundations to circumvent campaign finance laws intended to limit political influence.

Mr. Clinton himself echoed those concerns this fall when he pledged to make public future donors if Mrs. Clinton was elected president. While disclosure is not legally required, failure to do so, Mr. Clinton said, would raise “all these questions about whether people would try to win favor with her by giving money to me.”

Even so, past donors should remain private, he insisted, “unless there is some conflict of which I am aware, and there is not.”

But an examination of the foundation demonstrates how its fund-raising has at times fostered the potential for conflict.

http://www.msnbc.msn.com/id/22335754/

[BeyondGeography]

1. If you care about open government and ethics, forget the Clintons

They tried to hide the truth about that $31.3 million donation:

==For weeks, Clinton Foundation officials had suggested that the $31.3 million contribution listed on its tax return did not come from a single donor. They then said it came from a single source, but declined to identify it. Wednesday afternoon, a representative of Mr. Giustra contacted The Times and acknowledged the Radcliffe contribution.==

Waxman's full disclosure bill stalled in the Senate:

==“The vast scale of these secret fund-raising operations presents enormous opportunities for abuse,” said Representative Henry A. Waxman, Democrat of California, who introduced a bill to force disclosure of presidential foundation donors. The bill passed the House, 390-34, in March but stalled in the Senate.==

Some donors got good returns on their investment:

==Toward the end of the Clinton administration, Dr. Richard Machado Gonzalez and his lawyer, Miguel D. Lausell, both major Democratic donors in the 1996 presidential election, were pushing the president to increase Medicare reimbursements to hospitals in Puerto Rico, like the one owned by Dr. Machado. Mr. Lausell pledged $1 million to the library in 1999, eight months before Mr. Clinton proposed increasing Medicare payments to Puerto Rico for the second time in his administration. Dr. Machado gave the foundation $100,000 about six months later.

In the interim, the president appointed Mr. Lausell to the board of the Overseas Private Investment Corporation, which helps American companies with foreign projects.==

==A fledgling telecommunications company, NextWave Wireless, was battling the Federal Communications Commission when library fund-raisers tapped its chief executive and a major investor. NextWave had promised to pay $4.74 billion for cellphone licenses, but when it declared bankruptcy before completing its payments, the F.C.C. threatened to put the licenses up for public auction, which would have ruined NextWave.

Over three consecutive days in December 1999, with a decision imminent, the library logged a $100,000 pledge from NextWave’s chief executive, Allen Salmasi, and a $100,000 contribution plus a $1 million pledge from Bay Harbour Management, a major investor in NextWave.

The agency ultimately repossessed NextWave’s licenses, prompting a court battle that the company won. Bay Harbour’s co-owner, Douglas Teitelbaum, who declined to comment, never fulfilled his promise to contribute the additional $1 million. Mr. Salmasi did not respond to an e-mail message or to calls to a company spokesman.==

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