HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Employees of Romney Famil...

Sun Oct 21, 2012, 02:47 PM

Employees of Romney Family's Secret Bank Tied to Fraud, Money Laundering and Drug Cartels...

Source: truthout.org






Mitt Romney, at a campaign event with son Tagg, a partner at private equity firm (Solamere).

...the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt's "6th son" and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney's campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that private equity firm hiring employees of a failed firm tied to a Ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.

...Tagg Romney is a director (of Solamere). According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford's offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network (Bambauer has left his position as managing partner. May and Phillips remain employed as partner and chief compliance officer respectively).

Allen Stanford is currently serving a 110-year prison sentence for convictions on 13 counts of fraud. His companies were placed in receivership. $8 billion of Stanford's stolen money has yet to be recovered and the victims are in court to recover those funds and incentive pay bonuses to Stanford employees (including Bambauer, May and Phillips)...

...All of the these dealings by Stanford, and the complicity of his employees in facilitating them, was public information before January 2010, when Mitt Romney addressed the first full meeting of Solamere's investors. Yet his son Tagg chose to hire into his family these alleged white collar criminals as soon as Stanford's criminal empire collapsed. The Romney family stands by the new employees ...evidenced by Tagg's response to interview questions from ThinkProgress regarding Solamere's ability to reign them in: "Hey guys, We're done here".



Read more: http://truth-out.org/news/item/12231-employees-of-romney-familys-secret-bank-tied-to-fraud-money-laundering-and-drug-cartels

24 replies, 6389 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 24 replies Author Time Post
Reply Employees of Romney Family's Secret Bank Tied to Fraud, Money Laundering and Drug Cartels... (Original post)
Indi Guy Oct 2012 OP
shanti Oct 2012 #1
WinkyDink Oct 2012 #8
Angry Dragon Oct 2012 #2
aquart Oct 2012 #3
broadcaster75201 Oct 2012 #4
WinkyDink Oct 2012 #7
broadcaster75201 Oct 2012 #11
StarryNite Oct 2012 #18
Indi Guy Oct 2012 #21
AnnieK401 Oct 2012 #5
savannah43 Oct 2012 #10
broadcaster75201 Oct 2012 #12
WinkyDink Oct 2012 #6
bloomington-lib Oct 2012 #9
DallasNE Oct 2012 #13
Politicalboi Oct 2012 #14
Indi Guy Oct 2012 #23
Uncle Joe Oct 2012 #15
allan01 Oct 2012 #16
patrice Oct 2012 #17
Indi Guy Oct 2012 #24
WRH2 Oct 2012 #19
jwirr Oct 2012 #20
closeupready Oct 2012 #22

Response to Indi Guy (Original post)

Sun Oct 21, 2012, 02:52 PM

1. is this the october surprise?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to shanti (Reply #1)

Sun Oct 21, 2012, 03:13 PM

8. Gloria Allred deals in Women's Issues. ;-)

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 02:54 PM

2. WREE

Willard Romney Evil Empire

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 02:54 PM

3. Aww, Mitt's two-parent home raised a criminal.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 02:57 PM

4. Mitt could shoot Jesus om prime time TV

And about 4045% of our population wouldn't care and would STILL vote for him.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to broadcaster75201 (Reply #4)

Sun Oct 21, 2012, 03:12 PM

7. Inlcuding the Rev. Billy Graham.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WinkyDink (Reply #7)

Sun Oct 21, 2012, 04:27 PM

11. lol Yep n/t

nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to broadcaster75201 (Reply #4)

Mon Oct 22, 2012, 02:25 AM

18. The only thing that would make Romney's followers drop off

is if he were caught on camera toe tapping in a public bathroom. That's the only thing those idiots care about. None of the stuff he or his family has done matters to them. They seriously could see him beating a woman...they wouldn't blink an eye. They already know about his animal abuse, he's been proven a liar over and over...they don't care. But caught in a gay act, they would drop him in a second.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to StarryNite (Reply #18)

Mon Oct 22, 2012, 02:09 PM

21. Unfortunately, you are correct...

...And the general public has trouble seeing the obscenity in the violation of our constitutionally guaranteed rights and freedoms.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 03:10 PM

5. This should be the end of his campaign

but he seems teflon.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AnnieK401 (Reply #5)

Sun Oct 21, 2012, 03:21 PM

10. This would be the end of his campaign if the media wasn't corporate owned.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to savannah43 (Reply #10)

Sun Oct 21, 2012, 04:28 PM

12. But. Since it is ... n/t

nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 03:12 PM

6. Follow the money. As always.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 03:14 PM

9. Hopefully that's not the Oct surprise. People won't pay attention to anything that has to do

with his finances. Insults or aldultery is about the only thing that brings out a negative emotional response from the public.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 04:45 PM

13. "Hey Guys, We're Done Here"

May be quite prophetic. At least, let's hope.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 05:44 PM

14. Where's Darryl Assa?

Between this, and the voting machines, and his taxes. If Obama had this kind of luggage, I could NEVER vote for him

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Politicalboi (Reply #14)

Mon Oct 22, 2012, 05:41 PM

23. Good question... n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 06:27 PM

15. Kicked and recommended.

Thanks for the thread, Indi Guy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Sun Oct 21, 2012, 06:51 PM

16. re:Employees of Romney Family's Secret Bank Tied to Fraud, Money Laundering and Drug Cartels...

Reply to this post

Back to top Alert abuse Link here Permalink



Response to patrice (Reply #17)

Tue Oct 23, 2012, 02:33 PM

24. And there they are together...

LAS VEGAS — At the Republican National Convention in Tampa last month, casino magnate Sheldon Adelson got high-fives from strangers; entertained Karl Rove, Rudy Giuliani and George Pataki in his well-stocked luxury box; ate dinner with House Speaker John Boehner; and had a private meeting with House Majority Leader Eric Cantor.

Last week, Adelson got a front-row seat — and a shout-out from Mitt Romney — at a $1 million campaign fundraiser at a Vegas casino. Paul Ryan held a private meeting with Adelson four days after being named Romney’s running mate... http://www.politico.com/news/stories/0912/81588.html




http://l1.yimg.com/bt/api/res/1.2/GqkbNcvbJ2ri90hgpAW.7A--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MDk7cT04NTt3PTUxMg--/
Sheldon Adelson, Chairman of Las Vegas Sands Corp, is pictured after attending U.S. Republican Presidential candidate Mitt Romney's foreign policy remarks at Mishkenot Sha'ananim in Jerusalem, July 29, 2012.

CHICAGO (Reuters) - Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of U.S. money-laundering laws, the Wall Street Journal reported on Saturday.

The Los Angeles U.S. attorney's office is looking into the casino company's handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter...
http://finance.yahoo.com/news/las-vegas-sands-target-u-172739813.html






Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Mon Oct 22, 2012, 06:43 AM

19. it's absurd to let this outfit anywhere near the inside of voting machines

there were stories of software manipulation when w stole the election from Al

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Mon Oct 22, 2012, 10:20 AM

20. My grandson was telling me about this and wondering why no one was looking into the Mexican

ties. There is still a lot of the rMoney family living in Mexico and running the illegal side according to him.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Indi Guy (Original post)

Mon Oct 22, 2012, 02:18 PM

22. Eh, money laundering, money schmaundering.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread