Thursday, November 1, 2012

THE ROMNEY DECEPTION

ACTUALLY......Mitt, Tagg, and Mitt Romney's chief adviser, Spencer Zwick, have supposedly extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme.  After that Ponzi scheme collapsed Mitt Romney financed a firm that is run by his son and chief fundraiser, and they collaborated with the same three men to create a "wealth management business" called Solamere Advisors.

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