Hillary’s son in law, Marc Mezvinsky, was using his position with the Clinton Foundation to solicit investments from Clinton Foundation donors. This upset John Podesta and Doug Band because they were afraid that he would take away money that rightfully belonged to his in laws. His in laws happen to be outlaws. But Bill and Hillary were supportive and it was understood that they would look favorably on anyone who invested with Mezvinsky.
Marc Mezvinsky extended invitations to a Clinton Foundation poker event to rich Clinton supporters he was courting as investors in his hedge fund, and he also relied on a billionaire foundation donor to raise money for the fund, according to the WikiLeaks documents. They also assert that he had his wife Chelsea Clinton make calls to set up meetings with potential investors who support her family’s political and charitable endeavors.
The documents — a memo and an email — were written in late 2011 and early 2012, respectively, by ex-Clinton aide Doug Band. They were sent to family confidants including John Podesta, who is now serving as Hillary Clinton’s presidential campaign chairman, and Cheryl Mills, who was Clinton’s State Department chief of staff.
They were hacked from Podesta’s Gmail account and made public Sunday in the latest batch of Podesta emails released by WikiLeaks.
At the time Band wrote them, Mezvinsky, who had been an investment banker at Goldman Sachs, was working with two partners to raise capital to launch a hedge fund of their own called Eaglevale Partners. The word among rich Clinton backers on Wall Street was that the family would look favorably on investments in Eaglevale, a major Manhattan investor told POLITICO.
Those who did invest with him later regretted it. Mezvinsky lost 90% of the money that was invested with him.