EXPOSED: George Soros Funds The McCain Institute; The AZ Senator Is Accused Of “Public Corruption” Via Foundation
The Daily Caller: Arizona Republican Sen. John McCain in 2012 turned over nearly $9 million in unspent funds from his failed 2008 presidential campaign to a new foundation bearing his name, the McCain Institute for International Leadership.
The institute is intended to serve as a “legacy” for McCain and “is dedicated to advancing human rights, dignity, democracy and freedom.” It is a tax-exempt non-profit foundation with assets valued at $8.1 million and associated with Arizona State University.
Conservative and liberal critics, however, believe the institute constitutes a major conflict of interest for McCain, The Daily Caller News Foundation’s Investigative Group has learned.
McCain, a former Navy pilot who was shot down over North Vietnam in 1967 and was then a prisoner of war in the infamous Hanoi Hilton until 1973, is a major political force in Washington, D.C. He is presently chairman of the Senate Committee on Armed Services.
Critics worry that the institute’s donors and McCain’s personal leadership in the organization’s exclusive “Sedona Forum” bear an uncanny resemblance to the glitzy Clinton Global Initiative (CGI) that annually co-mingled special interests and powerful political players in alleged pay-to-play schemes.
The institute has accepted contributions of as much as $100,000 from billionaire liberal activist-funder George Soros and from Teneo, a for-profit company co-founded by Doug Band, former President Bill Clinton’s “bag man.” Teneo has long helped enrich Clinton through lucrative speaking and business deals.
McCain and Soros reportedly became friends after the senator was exposed as a member of the “Keating Five” during the savings and loan (S&L) industry scandal during former President George H.W. Bush’s administration. As the S&L bank chairman, Charles Keating paid $1.3 million to bribe five members of Congress to interfere with government regulators on behalf of the savings bank.
And Bloomberg reported in 2016 on a $1 million Saudi Arabian donation to the institute, a contribution the McCain group has refused to explain publicly. […]
Charles Ortel, a retired Wall Street investment banker and philanthropy law expert, told TheDCNF that “high government officials such as John McCain, [former Secretary of State] Hillary Clinton and President Barack Obama should not get involved with vehicles like these where substantial sums can be funneled over time in ways that at best, wreak of impropriety and at worse are public corruption.” Read the whole thing...