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Romney & Son Investigated For 8 Billion Ponzi Scheme

Romney & Son Investigated for 8 Billion Ponzi Scheme

Mitt Romney and his son Tagg Romney have been implicated in a 8.5 billion dollar ponzi scheme with Wall Street investors Allen Stanford and James M. Davis.

The pair are not cleared including their three partners in a court document verified, ongoing legal proceeding involving selling fraudulent CD’s to potential investors.

The statement of fact, includes SIBL, Stanford International Bank, SGC Stanford Capital Management and the associates R. Allen Stanford, ( Allen Stanford) and James M. Davis stole money from investors through fraud. The group bilked investors by diverting funds to their own lifestyles through bonus money, salaries and compensation packages.

The Stanford Financial Group now in receivership headed by Allen Stanford sold investments described as a “well-diversified portfolio”. Instead Stanford diverted the money to finance his own lavish lifestyle which include: jet planes, yacht, pleasure crafts, luxury cars, homes, travel on a company credit card.

Tagg Romney

Allen Stanford, James M. Davis and Laura Pendergest-Holt through SIBL (the bank) Stanford International Bank) hid the fraud by continuing to buy CD’s (Certificate of Deposit) and fabricated the performance of their investments. (More court documents: HERE) More information on the legal procedures: HERE A court date was set for January 23, 2012 but according to various reports Allen Stanford is incompetent to stand trial.

Mitt Romney and Son Tagg in 2008 invested in Allen Stanford’s ponzi scheme to the tune of 10 million dollars initially in Solamere Capital a seed investment and received 1 million in returns. Tagg Romney joined in to help Solamere Capital located in Charlotte, North Carolina with three other prominent brokers.

Tagg Romney is quoted as saying he was proud of his investment with Solamere now run by former executives of Stanford, ” They’re friends of ours, they used the Solamere name, we own a piece of them”. “We helped them get started”

Despite claims by Tagg and Mitt Romney the investigation is still “ongoing” and the profits from Stanford and Solemere were unreported by Tagg Romney. He also did possess a minority stake in the business with Spencer Zwick and Eric Scheuermann.

Spencer Zwich is Mitt Romney’s Chief Fundraiser. Investors in Stanford have not recovered their money, and the assets are still in receivership and frozen until the case is resolved. A total of 8.5 billion dollars is still unaccounted for and the billion dollar Ponzi scheme lays at Mitt Romney’s feet for his and his son’s investment partners who were all involved.

Curated News

ABC News Politics – Romney Camp Dismissive of Ponzi Accusation

“But according to Think Progress, Tagg Romney’s account isn’t entirely accurate: “According to documents reviewed by ThinkProgess using the Pacer search engine, charges against Tim Bambauer, Deems May, and Brandon Phillips have not been dropped. A recent court filing shows May requesting the court for arbitration instead of going to trial.

ThinkProgress also spoke to the deputy clerk for the federal District Court in Dallas, and confirmed that the three men are still defendants in the lawsuit to recover the Ponzi scheme money.”

Huffington Post - Tagg Romney Partnered Family Investment Group with Employees Behind Alleged Ponzi Scheme

Crooks and Liars - Mitt Romney Entwined with Players in Stanford Ponzi Scheme

Read more: http://www.politicolnews.com/romney-son-investigated-for-8-b...




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no surprise here--

--

it's hard to be awake; it's easier to dream--

Ah yes Allen Stanford.

Ah yes Allen Stanford. Baylor's least liked alumnus.

Southern Agrarian

Time for a 200 year prison

Time for a 200 year prison sentence for Mitt Romney & 150 years for his son.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Bumping

UP

"Never doubt that a small group of thoughtful, committed citizens can change the world.
Indeed, it is the only thing that ever has.”
~ Margaret Mead

BIG BUMP!

Again!People need to really investigate this man!I do not care how you get this out but do it viral!!!!!!

About 100 Of Us Get Together, and serve him a court order,,,,

Lawyers can get these easily, I'll help chip in for the Lawyers fees,The next time he makes a public appearance, and threaten a citizens arrest.

beesting

Bump!

Where's Woodward & Bernstein when you need them?


This crime needs to be cracked open, and Romney must be forced to step down.

Flood the "Drudge Report" with this stuff....

It isn't an accident Obama is the president

And it isn't an accident Romney is the conjured up `rival', either.
The puppet-masters require people that they can control.
–and how better to control people, then by having serious dirt on them.
That way, as long as the puppet-president is “being a team-player” for their masters, the information will never see the light of day. But if not...
(this method is easier for the PTB than their former method of control;
That being your plain 'ol garden variety assassination, which is messier and involves too many complicating factors (notwithstanding the current shortage of CIA-supplied MKULTRA patients).

gop

gop gonna be hush hush on this
as in it isnt going to come out to effect romney , regardless!

who the hell names their son TAGG , WTF !

"He's this eccentric Ghandi-Like figure that you cant touch with the normal bribes that people respond to."
the man Doug Wead on DR. RON PAUL

The same type that name their

The same type that name their kid Mitt!

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

I get it

People really into sports

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

maybe if you take the ESPN

maybe if you take the ESPN definition which includes a game like poker

23

I was thinking of...

Tag(g), you're it. And a baseball Mitt. Is there something about poker, too?

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

Obama would not want this to get out to the masses, then

he might have to go up against dr. Paul....

Get it to the masses...

We should force Obamas Lame stream media to vent this NOW...

I have a sneaky suspicion that Obama is having his big wig buddies at the AP sit on this story till October..

It would be awesome to force them to use this on Romney now.. A full court press on behalf of the lame stream would basically sink Oramney... Thus leaving one MAN standing..... cue confetti....!

"Truth is treason in the empire of lies"......

You forget, the system

You forget, the system considers this type of thing a virtue.

A globalist, Ponzi scheming, anti-Constitution, forked-tongue, banker-backed, genocidal flip flopper is the perfect politician to evil people.

Google It?

I thought that if there is a news article and that enough people google it, it will make it to the Google top stories and that would really open up the door to this.

Does anybody know how to do this? Let us know!

????

No idea so i spam it everywhere lol

SteveMT's picture

This will take Mitts down for good.

They cannot bury this, especially with the MSM.

Well it's still "buried" and it's 3 weeks....how we gonna get it

"out"?

SequoiaTrees4RonPaul

Everybody forgets Clinton was accused of rape while...

attorney general of Arkansas. In fact, he was accused of rape by four women, but only one went public. But Ron Paul is "unacceptable" because of "racist newsletters".

We cannot let the establishment get away with this. This is now or never.

Sooo

How can we get this out there???? new post with dramatic title???

RP wins

Read about this a couple of days ago and wondered, can he run for office with this pending? If he wins, what happens if he's convicted, they take the president off to prison? Isn't the Vetting process supposed to take care of this BEFORE running for office? Maybe their still checking his birth certificate?[laughing]
Can see Tampa now, after first ballet, he's arrested and drug off. RON WINS!

Deekey

Romney will make avoidable

Romney will make avoidable mistakes & Obama will thank him with a Presidential pardon. The press will make it out as though Obama is acting as a "professional" in extending that courtesy to Romney. We're also not likely to learn about it until long after it happens. We should probably expect the pardon to occur on a day when there is some sort of other big news.

...

Nah Karl Rove is the probable

Nah Karl Rove is the probable VP pick, so he can take over the presidency when Mitt is off to prison

23

Madoff has nothing on

Madoff has nothing on Mittens!

Bumping!

:)!