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How Bill Clinton's Aide Facilitated a Messy Deal



 
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PostPosted: Thu Sep 27, 2007 5:00 am    Post subject: How Bill Clinton's Aide Facilitated a Messy Deal Reply with quote
How Bill Clinton's Aide Facilitated a Messy Deal
For the past six years, the road to Bill Clinton has often run through Douglas Band, a 34-year-old former White House intern who has helped manage Mr. Clinton's time, accompanied him around the world and even fielded some of his calls. 

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For the past six years, the road to Bill Clinton has often run through Douglas Band, a 34-year-old former White House intern who has helped manage Mr. Clinton's time, accompanied him around the world and even fielded some of his calls.  Two years ago, Mr. Band befriended a handsome and charming Italian businessman named Raffaello Follieri. The young Italian, now 29 years old, had moved to New York in 2003 to launch a business buying and redeveloping Roman Catholic Church properties. He claimed close ties with Vatican officials that would smooth the way for deals, according to business associates and material issued by his company, Follieri Group LLC. He also said he could help Mr. Clinton's wife, Sen. Hillary Rodham Clinton, with Catholic voters during her presidential campaign, people in the Clinton camp recall. As a gatekeeper to the former president's web of business and charitable enterprises, Mr. Band helped Mr. Follieri get into business with Mr. Clinton, according to people involved with the three men. In 2005, Yucaipa Cos., a Los Angeles investment firm where Mr. Clinton has been a partner and a senior adviser, agreed to invest up to $100 million in Mr. Follieri's church-property venture.Later, Mr. Band helped Mr. Follieri secure several million dollars more from Michael Cooper, a Toronto real-estate executive and supporter of Mr. Clinton's humanitarian initiatives. Mr. Band received $400,000 from Mr. Follieri for arranging that deal. Mr. Band's connection to Mr. Follieri was reported in Il Sole/24 Ore, an Italian newspaper.These days, the Clinton camp's relations with Mr. Follieri are in tatters. Yucaipa managing partner Ron Burkle, Mr. Clinton's longtime friend, has sued Mr. Follieri in Delaware state court for allegedly misappropriating at least $1.3 million. The lawsuit claims Mr. Follieri used Yucaipa's investment money to fund a lavish lifestyle that included a Manhattan penthouse, five-star meals and private jets for Mr. Follieri and his girlfriend, actress Anne Hathaway. Mr. Follieri has denied any wrongdoing. Mr. Cooper has demanded his money back.Since leaving the White House, Mr. Clinton has earned more than $40 million giving speeches, has raised billions of dollars for his own charitable foundation and other causes, and has entered into business relationships with Mr. Burkle and others. Today, heads of state, business leaders and other notables will gather in New York for the annual meeting of the Clinton Global Initiative, an organization that obtains charitable pledges from various sources.

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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to
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