Bill Clinton has a secret "pass-through" company named WJC, LLC. WJC, of course, is the former president's initials, William Jefferson Clinton.
"The newly released financial files on Bill and Hillary Rodham Clinton's growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family's finances," the Associated Press reports.
"Because the company, WJC, LLC, has no financial assets, Hillary Clinton's campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton's private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.
"The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president's finances on the record, said the entity was a 'pass-through' company designed to channel payments to the former president."
Indeed, as the report details, Clinton's work for the consulting company Teneo, formed by a former close aide to the ex-president, went through WJC, LLC.
WJC, LLC was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band's international consulting company, Teneo Strategy LLC. Band's request said Teneo would use "consulting services provided by President Clinton through WJC, LLC." State Department officials approved the three-year contract between the two companies.
None of the proposals detailed how much Bill Clinton would be paid.
While Hillary Clinton's 2011 federal disclosure report did not mention WJC, LLC, it reported that Bill Clinton received "non-employee compensation over $1,000 from Teneo," but did not disclose a more precise amount. Federal disclosure rules require the spouses of filers to disclose the identity of any income sources over $1,000, but they do not have to provide exact figures.
Hillary Clinton and her husband, Bill Clinton, made their first joint appearance since the start of the 2016 presidential campaign. The event was a Memorial Day parade in Chappaqua, New York, the location of one of their multi-million dollar homes.
Hillary tweeted out a picture of her standing next to her husband:
As former Maryland governor Martin O'Malley emerges as perhaps the most significant threat to Hillary Clinton in her quest for the Democratic nomination for president, the Bill, Hillary, and Chelsea Clinton Foundation may be trying to downplay O'Malley's connections to the organization.
On Monday, Senator Rand Paul told CBS radio host Dom Giordano that if he were the Republican nominee for president he would attack Hillary Clinton on crime. “I’ll ask Hillary Clinton, what have you done for criminal justice?
There have been a slew of stories about how Bill Clinton will be taking a back seat in Hillary Clinton's presidential campaign. Even the former president told Town & Country he'd be "backstage" in his wife presidential campaign.
At a Clinton Global Initiative event in Marrakesh, former President Bill Clinton was asked why he isn't defending the Clinton Foundation from increased scrutiny. "I just work here," Clinton replied. "I don't know."
The extended question to Clinton came from billionaire Mo Ibrahim who said, "I opened the newspaper and I was shocked to see these attacks on the foundation."
The Republican National Committee will release a web video later today that frames the Clintons as out of touch with everyday Americans. Another theme of the Republican ad is that the Clintons are willing to say just about anything, regardless of the facts.
The ad highlights remarks made recently by former President Bill Clinton.
Bill Clinton is blaming the Clinton Foundation's accountants for not disclosing the acceptance of foreign donations on tax documents filed with the I.R.S. The former president made the comments in an interview with NBC:
"There was no attempt to hide them," Clinton said. "The guy that filled out the forms made an error. It's not like we didn't tell everybody who gave us the money. The guy put it on the wrong form."