Romney & Son Investigated For 8 Billion Ponzi Scheme
Submitted by Paulbot5437 on Thu, 05/03/2012 - 19:54Romney & 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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Someone may stumble
I think i recall Ron Paul saying something like "you never know, someone may stumble".
How do we know if this is
How do we know if this is true? The name of the website is pretty dang cheesy if you ask me. Never heard of it before.
There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan
"Invest only in things that you can stand in front of and pr
My thoughts as well.
It seems very questionable. Perhaps wishful thinking is getting in the way of critical thinking here?
Isnt this no less than the
Isnt this no less than the second time he has been implicated in something, or is this the same thing?
A Big Bump!
For the Nitt-Mitt
The Right of the people to keep and bear arms, shall not be Infringed!
"You cannot invade mainland America. There would be a rifle behind every blade of grass." Isoroku Yamamoto, Japanese Admiral
His name is Tagg
I played tag when I was a kid. I never thought it was a name. That is the real crime here. A kid named Tagg...
May the LORD bless you and keep you
May the LORD make His face shed light upon you and be gracious unto you
May the LORD lift up His face unto you and give you peace
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Is this the kind of people we
Is this the kind of people we want representing our nation?
WAKE UP America!
http://www.youtube.com/watch?v=bFxvy9XyUtg
Who has honest and conservative values?
Ron Paul is the only honest and conservative candidate. He will take $38,900 per year as president.
"What if the American people learn the truth" - Ron Paul
David Wilcock alluded to this several days ago.
He reported that Dr. Michael Herzog had been arrested by German police and was VERY cooperative. Don't be surprised if Jeb Bush's name also pops up in this scheme.
me thinks thats another flim-flam
with the bushes, big g little g
this mitch feller is a Toxic Asset !
to say the least
Romney is Paul's supposed close pal
that Paul says he likes personally a "lot".
So, now are you saying Romney has been a crooked ass all along? Article makes me want to be buddies with Romney too:)
jj
Now let's see what the MSM does with this
- I won't hold my breath
http://www.dailypaul.com/243749/can-ron-paul-win-in-november...
http://www.mediafire.com/?s4snpbpsts5b3 - Thx sovereignjanice
http://www.goodreads.com/author/quotes/395622.Ron_Paul
ABC covered in nov 2011
but noticed that they covered it as Romney Camp Dismissive.......
http://abcnews.go.com/blogs/politics/2011/11/romney-camp-dis...
and the New Yorker Tagg and his daddy's money.
http://www.newyorker.com/online/blogs/closeread/2012/05/tagg...
politepaulite
We Are One Scandal Away
From President Ron Paul! This one could be it!
Promote Liberty Media!
http://www.jagtv.com/#!the-network/c1mi2
I love google -_-
Type in romney ponzi scheme 67 hits type in a totally made up word like miffle dwibble you get like a few thousand.I know theres better search engines and I think it's time for me to start using one.
Tht whole string shows how closely they are censoring anything inflammatory about Mitt.
Sleep, those little slices of death; Oh how I loathe them.
search engine
Here's one promoted as being 'safe', no spying
startpage.com
Deekey
Tagg? Seriously? What is with
Tagg? Seriously? What is with this famly? Mitt, Tagg, next it will be Vegg...this article really makes them seem like suckers as opposed to victims though.
Haha I was thinking the Same
I had
Mitt Romney, Tagg Romney, Jugg Romney and Popp Romney
Ya, they could be
Ya, they could be investigated until the cows come home--where are the indictments?
bump
for the whole world to see.
hee hee hee.
"The two weakest arguments for any issue on the House floor are moral and constitutional"
Ron Paul
Freedom Bump
Freedom Bump
To arms! To arms! The Redcoats are coming!
Remember when Paul said....
you never know what'll happen .... Romney may slip up? Is Ron Paul psychic? Holy cow!!
Cagey old guys..
Oh the Doc is crazy all right. Crazy like a fox.
Now it's about the Constitution and the fight to defend it.
I love the timing of this,
I love the timing of this, it's so perfect....muhawahahaha
Never be afraid to ask simple questions.
This is a nice smear, hope it
This is a nice smear, hope it sticks. Mitt Romney = Bernie Madoff.
Thanks
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STAND WITH RAND 2016
Honore de Balzac...
"Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu'il a été proprement fait."
"The secret of great fortunes without apparent cause is a crime forgotten, for it was properly done."
A variant,
"Behind every great fortune there is a great crime,"
has appeared as a quotation of Balzac; but it may have originated in a paraphrase in The Oil Barons: Men of Greed and Grandeur (1971) by Richard O'Connor, p. 47: "Balzac maintained that behind every great fortune there is a great crime."
Plano TX
Hmm
Isn't Taggart also the son who had a plural marriage?
When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift
Plural marriage, to me, falls
Plural marriage, to me, falls under the "do what you want as long as it doesn't hurt anyone else" kind of thinking. So I'm not against it per se. As for me, having one significant other is already a handful, lol.
► RON PAUL GIFTS:
http://www.zazzle.com/ron+paul+gifts?rf=238040997476137652
► RAND PAUL 2016:
http://www.zazzle.com/rand+paul+gifts?rf=238040997476137652
worst part about having lots of wives?
lots of mother-in-laws !!!
song
ron in 12!