( 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.
….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.
Read more: ‘Conflict Of Interest’