Elections

Clinton Donor’s Fraud Investigation Spooked The Campaign

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Robert Donachie Capitol Hill and Health Care Reporter
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Fraud investigations surrounding a Clinton donor has the campaign worried, according to an email released through WikiLeaks.

Lindsay Lassman, northern California finance director for Hillary for America, wrote an email to Clinton campaign staff, saying Clinton donor Theranos is “scheduled to join us for her first campaign events in Northern CA.”

The first fundraiser titled, “Conversation With Chelsea,” was scheduled for Monday, March 21, 2016 and hosted by Elizabeth Holmes at the offices of her company Theranos. The cost of co-hosting the event was $2,700.

“I don’t think it was wise to have Elizabeth Holmes host a Clinton event. There are significant questions concerning Holmes and her company. She may come out all right, but it is certainly possible that everyone associated with her venture will be embarrassed. There have been numerous stories concerning her problems. I can discuss if you wish,” former Co-CEO of Golden West Financial Corporation and World Savings Bank, Herbert Sandler, wrote to John Podesta, chairman of the Clinton campaign.

Holmes’ company, Theranos Inc., is currently under federal investigation to determine whether or not it misled investors about the health of its technology and operations. Since news broke about the investigation, the company lost partners, board members, and credibility, according to Re/Code.

Negative press surrounding the event caused the Clinton campaign to take Sandler’s advice, and moved the fundraising event from Holmes to another tech entrepreneurs home.

Lobbyist Irene Bueno raised money for Theranos as recently as the third quarter of 2015, and the firm who employs Bueno, NVG, LLC, lobbied for the company in the fourth quarter of 2015. Interestingly, Bueno also brought in $62,427 for Clinton’s campaign.

Holmes participated in Clinton Foundation programming in January of 2015, according to reports. Holmes also spoke with former President Bill Clinton about the future of equality and opportunity at a Clinton Global Initiative event in September of 2015.

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