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Romney & Son Investigated for 8 Billion Ponzi Scheme -Update

Romney & Son Investigated for 8 Billion Ponzi Scheme

News Updated: Sept. 3, 2012 A federal court judge struck down an SEC lawsuit in the R. Allen Stanford 7.2 billion dollar ponzi scheme. The Securities and Exchange Commission tried to sue the Securities Investor Protection Corp., to secure compensation for investors who lost their money. (See: Business Insider link below) US. District Court Judge Robert Wilkins ruled that the SEC failed to prove that investors were victims, under the definition of the law, but that the court is sympathetic. Prosecutors said Stanford used the money for a lavish lifestyle including yachts, a fleet of private jets and sponsoring cricket tournaments.

Although, Allen Stanford received a 110 year jail sentence in the scheme the money was never recovered that thousands of investors lost around the world. As happened with the Wall Street trillions that were lost, no one has ever found out where the money really went, and in this case 7 to 9 billion dollars just plainly disappeared into thin air. Certainly, Stanford did not spend all of 7 billion dollars during his tenure at the bank. The first place to look is in the Caribbean, namely the island of Antigua where Stanford had his bank and other islands just to give investigators a hint, the money can still be recovered if they started looking for it.

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.

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



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Bump!

The Stanford Group-Solamere connection: a Romney scandal the media is just waiting to write about

http://www.coachisright.com/the-stanford-group-solamere-conn...

Maybe Romneys tax returns

Maybe Romneys tax returns could help us find out where that money went. No? :)

Mr R's cash went off-shore. Cayman Islands. A flight risk?

His tax returns are made in USA ~ You may contact him at headquarters. Or stop by one of his homes (houses).

Example Home, Mr R purchased June 2010: Boston. MA Townhouse

Romney’s recent real estate purchase is the most modest on the list. In June 2010, he and Ann bought a 2-bedroom townhouse in suburban Belmont. According to property listing information, the Romneys paid $895,000 for this 2,100-square-foot home in the new residential development The Woodlands.

Since selling their Belmont MA mansion, this is the first property they’ve owned in the Boston area in two years. Previously, the Romneys claimed a basement apartment in their eldest son’s home as their legal Massachusetts address.

Examples of Mr R homes over the years: Mitt Romney’s 6 Homes January 24, 2012

A flight risk...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Doubt Obama will bring it up

Obama is a crook too. Its becoming painfully obvious that our elected officials only want to be in positions of power in order to more easily transfer millions from the public purse into the accounts of themeslves, their friends, and their families.

One thing is 100% certain. Neither Mittens or Tag will be held accountable no matter what facts are presented. There is NEVER enough concrete evidence of "intentional wrong doing" by TPTB for them to EVER get prosecuted.

Us serfs just look at a cop wrong and we will be charged with resisting arrest and taken to jail. Bankers, Politicians, and the well connected elite can litterally steal money and say they just don't know what happened...and congress and the DOJ just throw up their hands and say "well, if he doesn't know what happened and since we don't know where the money went...there is nothing we can do."

Always seems that when it comes to financial crimes committed by the people in power...the laws that should hold them accountable always have some vaguely worded regulation that "unfortunantly" makes the theft not an offense in which they can be charged.

The verdict is ALWAYS a reccomendation to ammend or clarify the grey areas of the law which allowed for this or that type of illegal financial crime to be perpetrated and yet (rats, darn it, heavy sigh) there is just no legal way for the US Govt to move ahead with prosecution. All charges have to be dropped due to lack of evidence.

Martha Stewart: jail time vs house arrest

I don't mean to start a quarrel; 'never' reminded me Martha Stewart spent time in the pokey. House arrest was it?

Apparently, she sought cosmetic surgery out of the spotlight.

What happened is that good ol’ Martha did some jail time. And by “jail time,” I mean “house arrest.” And by “house arrest,” I mean “the same ol’ thing Martha always does, except she’s got an excuse for the cameras not to show her for a while so if she has a visit from a little ol’ plastic surgeon no one will be the wiser.”

That’s right, folks. To look asthe-same-age-you-looked-ten-years-ago, all you’ve got to do is get arrested. Then, you’ll be free to do all of Martha’s DIY Plastic Surgery you can.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I sometimes wonder if Madoff is only at the prison

on regularly scheduled days for photo ops. He's probably being "forced" to spend his retirement years on a big yacht off the coast of somewhere beautiful.

Department of Corrections vs Incorrection Department

It is a wonderment that Mr Madoff is at the prison at all. A wonderment. I wonder most times why prisons are full of victim-less criminals.
-------------------------------------------------------------------
Hellhole Press?

Madoff: Photo released by the Metropolitan Correctional Center shows a typical jail cell (empty).

Bernie Madoff's hellhole: Ponzi schemer caged 23 hours a day... Thursday, March 19, 2009

Ponzi schemer Bernie Madoff being held in a super-max wing of the Manhattan federal lockup... 10th floor of the Metropolitan Correctional Center, the high-security wing...
-------------------------------------------------------------------

Romantic Comedy? [Phone rings]

Bernie: Martha? Got you call. Thanks for the tip.... Cosmetic surgery? ... Do you think it will work?

Martha: Reversed time for me. I came out younger. [ Celebrity Style: Martha Stewart was a Model in the 1960s] Like the Apollo space astronauts, traveling back in time. Put these photos of me up if you want.

Bernie: Transferred to the beach house. [ Bernard Madoff falls from penthouse to prison bunk ... to Beach House Mansion, October 21, 2009] Your photos are in my heart. Walks along the seashore are so comforting.

Martha: I can hardly wait to see your new digs. I will rent a convertible. I will take the seashore drive up Long Island your way this weekend. I am so excited.

Bernie: Oh Martha. [Twinkle eyes]

Martha: Oh Bernie. [To be continued...]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Everything you write is true, except where it ain't.

100% certain. No matter what. There is never. Nothing we can do.

"NEVER enough concrete evidence of "intentional wrong doing" by TPTB for them to EVER get prosecuted." - Go213mph, DailyPaul member, 2012.

What size shoe do they wear?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I'm comfortable with everything I wrote Mark Twain

Sure...never say never but my money is on not a damn thing happening to any of the REAL financial criminals EVER being held accountable.

I mostly, almost certainly, nearly always, pretty much...

agree.

I replied so as I could address your long term sentence including both the Printers-That-Be... TPTB & concrete. My imagination immediately leaped from sentencing down to the bottom of the Big Muddy (Mississippi River) somewhere. With mudcats cleaning up what they find along the bottom.

I take things seriously, except... Well there be a long list...
If you feel I slighted you, sorry.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I hope

Gary Johnson brings it up in the debate

I hope they let him debate

Whiskered old man pushing his broom cart enters DC jail house.

[Whiskered old mudcat of a man approaches front desk with broom cart.]

DC guard: Cleaning? Why don't you use the back entrance by the loading docks?

Mudcat: First time. I am here to prepare cells for some candidates.

DC guard: Convicts?

Mudcat: Not yet. Just making preparations.

DC guard: Special privileges?

Mudcat: Yes. Oval Office windows. Room for one of the presidential desks. Some flags.

DC guard: Get outta here! You are a funny old man.

Mudcat: Thank you. Will you please show me the way?

DC guard: The way? You must be in the wrong place.

Mudcat: May I at least do some cleaning & take some measurements. It is not only the Oval windows. It's drapes...

DC guard: Now wait a minute! We just completed a major remodel. I am sure you will be pleased with our facility. Let show you our web site news about it:

    Washington DC Dept. of Corrections. Cell Door Replacement Project Completed.

    The Department, in collaboration with Real Estate Services, embarked upon a major renovation project involving the replacement and upgrade of the cell doors in all eighteen housing units at the DC Jail. This project, which highlights the Department’s ongoing efforts to enhance safety and security at the facility, began in October of 2010 and has been completed twelve months ahead of schedule. A total of 1,556 doors have been replaced.

Mudcat: Doors? Didn't I say windows? Ain't much time. Election is November 6th.

DC guard: Perhaps we could interest you in some of our contracted cells. We already have contracted space for our overflow guests. They are conveniently located throughout the city.

Mudcat: Some place near the Capital Mall?

DC guard: How about 1600 Pennsylvania Avenue? It is occupied now, but it becomes available every few years. Would you like to be put on our waiting list? Can't do November 6th. There is a possibility January 20th.

Mudcat: Put me down for January 20th.

DC guard: Done. Thank you sir. Here is our web site home page, should you have more questions or like to make an appointment: DC Dept. of Correction Home Page

[Mudcat, exit w/ broom cart. Take out clipboard. Check notes.]

Mudcat: I recall that Pennsylvania cell. Didn't I clean that awhile back? [Fan notebook pages.]

--------------- *** Mudcat Notebook *** ---------------

Mudcat: Cleaning. Cleaning [Whiskered old man enters Oval Office w/ broom cart]. Oh! Mr B? Sitting at Mr O's desk, looking out the window... I thought for a minute you were Mr O. ...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

...what did I just read.

...what did I just read.

Preparing a cell for Mr R... Contingency plan. Public housing.

Thank you for reading. Public housing has waiting lists. Do Mr R & Mr O have exceptions? Vouchers?

Got to have contingencies. No telling where Mr R will be staying next year. His son's basement in Massachusetts? Massachusetts Governor's Mansion (required current Massachusetts residency; see aforementioned basement)? Olympic dorm room? DC jail (dependent upon conviction of Mr R in related Ponzi investigation)?

Look to Mr R's history for clues. He is oft angling for public housing. Seems he does not like to pay his own rent. Giving him free housing @ 1600 Pennsylvania Avenue would be a costly mistake. The story you read is based on facts. I am a reporter.

Sorry if I over explain what is obvious to the characters involved. Not sure about Mr R's bid for his next public housing.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

if remotely next to true

A little nudge on this from Obama and Romney goes down. A loss due a scandal that should have been vetted would really draw attention to how the republican elites shoved Romney through as inevitable.

Get the video proof out there that there was another choice and diehard anti Pauls may just have to say "Wow. He was a better choice...you know, I secretly wanted him to win over Romney, but i never had a choice. Therefore it's not my fault."

Bump!

Mitt Romney Entwined with Players In Stanford Ponzi Scheme

Go back in time with me to 2009, just after President Obama's inauguration when the economy was in full meltdown mode thanks to Wall Street greed and the administration was trying desperately to pass some kind of stimulus package to keep us from spiraling into a full-blown depression.

First there was the Madoff Ponzi scheme scandal, which is the biggest in history. Then the Stanford Group Ponzi scheme scandal broke in 2009. The numbers were mind-boggling, but the deceit more so. $8 billion dollars stolen from investors. Allen Stanford on the run to parts unknown. Thousands of investors bilked of everything, and it happened because the SEC failed to act on warnings that there was rampant fraud taking place.

http://crooksandliars.com/karoli/mitt-romney-entwined-stanfo...