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Sat Nov 3, 2012, 01:46 PM

BREAKING -Public Records Reveal Romney Profited From Corruption, Fraud & Racketeering at Bain [View all]

Last edited Mon Nov 5, 2012, 09:58 PM - Edit history (2)

Source: Journalist Rmuse at PoliticusUSA.com

MoveOn.org filed a complaint with the DOJ over Romney’s disclosure claiming he was 100% stock holder and paid Bain Capital executive in 2002 despite his contention left active management in 1999. The period between Feb 1999 and Aug 2001 is when Romney, Bain Capital, and their corrupt operatives conspired to commit bankruptcy fraud guaranteeing Bain Capital could plunder a company they managed with impunity.

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A similar scenario unfolded when Bain Capital took eToys into bankruptcy. Bain Capital’s secret law firm, MNAT, colluded with Romney’s bankruptcy gang by committing perjury to represent the debtors’ counsel and creditor’s counsel to give the appearance of being on opposite sides and conceal the fact eToys was not broke. Controlling both sides, Bain Capital’s corrupt gang colluded to plunder the company’s assets without opposition, and give Bain Capital eToys for free.

A 2005 Wall Street Journal article explained that eToys creditor’s attorney lied by failing to disclose conflict of interest when he appointed his partner as CEO of eToys. The eToys bankruptcy trustee alleged the “failure to disclose is difficult to understand as inadvertent rather than deliberate,” and it transpired in other companies Bain Capital took into bankruptcy during the same period. Influencing the debtor and creditor’s counsel, Bain was assured their bust out scheme would be successful. However, when an eToys executive liquidating assets discovered the frauds, including the company may not be broke, he alerted eToys managers and attorneys who attempted to buy him off; he declined their offer and reported the corruption to the Department of Justice. It is about this time that Romney, fearing a Department of Justice investigation, fled Bain Capital by retroactively retiring back to February 1999 to conceal his involvement in the eToys corruption scandal.

Despite the fact that Bain’s secret law firms (MNAT and Paul Traub) admitted lying, there was no Department of Justice investigation into Bain Capital, Romney, or their surrogates’ fraud and perjury because in August 2001, George W. Bush nominated another MNAT partner, Colm Connolly, as Delaware United States Attorney. Consequently, as Bain Capital’s friend, he refused to investigate and/or prosecute the confessed acts of perjury and admitted intentional crimes.


Read more: http://www.politicususa.com/public-records-reveal-romney-profited-corruption-fraud-racketeering-bain.html



UPDATE - New Thread - Breaking News II
.
another story just broke on the issue that a Clerk and Judge are hiding Romney/ Bain lawsuit
until after the election (see new thread (here)).

ALSO

Democratic Underground's addressing this issue has been reported upon by
http://legalpronews.findlaw.com/article/09G19ds6Y19uQ?q=Mitt+Romney
FindLaw.com

and AlterNet has copyright permission to print full story
http://www.alternet.org/news-amp-politics/did-mitt-romney-profit-corruption-fraud-and-racketeering-bain-capital
here.

and

Mitt Romney's distant cousin - Park Romney - posted it on his website
http://www.parkromney.com/?view=headline-news&sid=X1351875812
here.




In a Nutshell

.

Goldman Sachs took eToys public in 1999. At that time MNAT represented Goldman Sachs in Delaware (where eToys is formed as a company). Also in 1999, MNAT merged Mitt Romney and Bain Capital's entity - "The Learning Company" - with Mattel Toys. The stock of eToys soared above $78, but the new public entity only received around $18. This classic pump-n-dump stock scheme gave Goldman Sachs and Bain Capital the perfect opportunity. All they needed was for the MNAT law firm (that also represented the Mormon Church's claim on the Howard Hughes estate) - to LIE to the Chief Federal Justice in 2001 - and become eToys Debtor attorneys.
Then, Mitt Romney's other secret attorney (Paul Traub) lied to become the eToys Creditors attorney. Upon the success of those schemes, MNAT and Mr. Traub then put in Barry Gold as President/ CEO of eToys. Barry Gold worked for Mitt Romney and Michael Glazer at Stage Stores bankruptcy in 2000. Traub had been working with Romney/ Bain since the NeoStar case 2 decades ago. He was also at Jumbo Sports and Stage Stores with Barry Gold.


When a bribe was offered to this consultant and turned down, Mitt Romney panics and resigns as CEO of Bain Capital. Colm Connolly was a partner at MNAT from early 1999 to August 2, 2001 (the very same time Romney wants to be "retroactive" from). Former Pres GW Bush nominated Colm Connolly to be the United States Attorney in Wilmington Delaware. For his entire 7 years of tenure, Mr. Connolly buried all investigations and/ or prosecutions of Goldman Sachs and Bain Capital. This takes care of the fraud and corruption.

How it gets built up into Racketeering is also simple. MNAT, Paul Traub and Barry Gold have already confessed that the lied to a Chief federal judge 34 times over several years. But, due to the federal corruption with Colm Connolly, no prosecutions transpired. Yet, due to this pesky consultant and some eToys shareholders pushing buttons, they also had to perpetrate frauds on the California courts, the Delaware District Court, the United States 3rd Circuit Court of Appeals and the New York Supreme Court (where case 601805/2002 is placed entirely Under SEAL). Being that it is the same people, over several years, in many states, many courts and hundreds of millions (if not billions of dollars) = that equals RICO.

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