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.
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.
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.
Originally published by the Daily Caller.