Tagg Romney confirmed their relationship with the three brokers accused of taking part in the Allen Stanford Ponzi scheme, but falsely claimed the three men were cleared of any wrongdoing. Tagg said that his three partners collected about $15,000 from their involvement. Court documents show that legal proceedings are ongoing and the men made over $1.6 million selling bunk Sandford CD's to investors. It's important here to mention that SEC documents link Mitt Romney and his son Tagg Romney to a firm involved in the Allen Stanford $7 billion ponzi scheme. Tagg has previously denied the links, but legal filings say otherwise.
The claim that the Solamere Group didn't invest directly in Solamere Advisors, seems to be an attempt to shield Mitt Romney.
Disclosures from
the SEC show that Tag's company maintains ties with the Ponzi-linked
firm Solamere Advisors. Also it's interesting to note that this is only
available because of the new reporting requirements for Dodd-Frank.
Think that's why Romney doesn't like that legislation and has called it
"extraordinarily burdensome"? The Romney campaign and the Romney family
investment company are deeply entwined. The Romney campaign has not
backed up Tagg Romneys statement that his Solamere Advisors partners
were "cleared" of wrongdoing in connection to the Stanford Financial
Group Ponzi scheme. This is quite complicated, and I must give
credit to ThinkProgress for their reporting.
THIS BRINGS US BACK TO THE PROBLEM OF
MITT ROMNEY'S MISSING TAX DOCUMENTS
MITT ROMNEY'S MISSING TAX DOCUMENTS