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berni_mccoy

(23,018 posts)
Fri Jul 13, 2012, 08:22 AM Jul 2012

BAINGATE: So I checked the Massachusetts Business Filings on Bain/Romney

If you go to the Commonwealth Business Search page and enter Romney's last name in the search by individual field, you will find many listings of companies that involve him or his wife. I recommend to everyone to dig further into all of the companies returned in this search (there are many).

The interesting result I found was this: there are two foreign entities for Bain Capital... Bain Capital Inc. and Bain Capital Investments VI. In filings for both companies with the Commonwealth of Massachusetts for 2001 and 2002, neither company lists Romney as a managing member (see the filings linked below).

Bain Capital Inc. 2001
Bain Capital Inc. 2002
Bain Capital Investments VI 2001
Bain Capital Investments VI 2002

However, as reported by TPM, we know that the SEC filings for the company had Romney as a manager and listed as President, Chairman and CEO and sole share holder of Bain Capital Investments VI. That is the same company reported above to the Commonwealth of Mass as a foreign entity (foreign being a Delaware company doing business in MA). I noticed the following discrepancies between the two filings:
1. Romney was not reported to the Commonwealth as he was to the SEC.
2. The date of the filings with the Commonwealth were filed retroactively, signed by Michael Goss, the CFO in 2003.

And if you look at the company status and its filings with the Commonwealth of Mass, you'll notice that when the company was originally registered in Massachusetts, that Romney was President. But they never filed a Statement of Change of Registered Agent or Resignation of Registered Agent. Which means, even though the filings to the Commonwealth don't list Romney as an officer or member, he was never revoked. This is at best, a misleading filing in Massachusetts or an outright deception.

And the only conclusion is this: either he lied on his filings to the Commonwealth of Massachusetts or he lied to the SEC. Either way, I believe there is criminal deception to a branch of government. The motive is clear... the filings to MA were delayed to 2003, after his campaign for Governor and changed to reflect his statements during his campaign. If Romney was actively engaged in Bain as his SEC filings show, then Romney was actively deceiving the Commonwealth of Massachusetts regarding his position in Bain.

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BAINGATE: So I checked the Massachusetts Business Filings on Bain/Romney (Original Post) berni_mccoy Jul 2012 OP
My question is: how in the world did Bain manage Raven Jul 2012 #1
I currently work in a gov't office that regularly uses this public info. Sheepshank Jul 2012 #13
K&R flamingdem Jul 2012 #2
I believe Romney describes this as a "quirk." He has much 'splainin to do...n/t monmouth Jul 2012 #3
Competent managment makes sure 'quirks' like this are covered JHB Jul 2012 #4
Romney...competent... berni_mccoy Jul 2012 #5
Yeah, right Jessy169 Jul 2012 #7
Yeah, "quirk" ProSense Jul 2012 #9
needs to be shouted from rooftops riverwalker Jul 2012 #6
Everyone here should email or phone all the media Rosa Luxemburg Jul 2012 #26
Great thread riverbendviewgal Jul 2012 #8
Thank you. berni_mccoy Jul 2012 #22
Waiting now for the third strike icarusxat Jul 2012 #10
Great catch, and welcome to DU if it has not already been said...n/t monmouth Jul 2012 #11
Welcome to DU berni_mccoy Jul 2012 #23
It is actually a felony Rosa Luxemburg Jul 2012 #28
Did you forward this info to the "news" stations? Atman Jul 2012 #12
Great. Romney can clear all of this in a New York minute by grantcart Jul 2012 #14
I think if he could he would have by now. He should have called snappyturtle Jul 2012 #15
ummm...yrrrrah...he's toast uponit7771 Jul 2012 #16
very, very, very nicely done, berni! renate Jul 2012 #17
I read King's article this morning and wanted to puke. kag Jul 2012 #19
right--"he was just gone" yet he accepted 6 figure salary checks each year while "gone" librechik Jul 2012 #20
so then his tax returns wont show him taking any deductions for Mass business expenses? Coexist Jul 2012 #21
No good outsourcing crook should be in jail B Calm Jul 2012 #18
Big question if all of these findings are true and proven guilty for lying april Jul 2012 #24
I don't know. The party could choose another candidate to be the nominee berni_mccoy Jul 2012 #25
The GOP should stew in its own juice Rosa Luxemburg Jul 2012 #27
How about a prosecution? AnotherMcIntosh Jul 2012 #29
If Romney is President, Chairman and CEO and sole share holder of Bain Capital Investments KurtNYC Jul 2012 #30

Raven

(13,854 posts)
1. My question is: how in the world did Bain manage
Fri Jul 13, 2012, 08:30 AM
Jul 2012

to do business under these circumstances? Based on your excellent research, if I were going to do business with Bain, the first thing I'd do is check the SOS business records to see who was authorized to bind the company. If Romney was the last man standing and there was no notice of change or resignation, I would expect Romney's signature on all documents. If Romney signed documents and he didn't know what they were, he's an idiot and not competent to be President. Pretty simple.

 

Sheepshank

(12,504 posts)
13. I currently work in a gov't office that regularly uses this public info.
Fri Jul 13, 2012, 09:46 AM
Jul 2012

98% of the population doesn't check out the details of whom they are doing business with until there is a legal or financial need. Often by then its too late to opt out of some sort of agreement or contract. Thousands of businesses carry on their activities without a license of any sort. Recently I was involved with two sting operations for companies that was bilking elderly people out of state with financial investment/internet scams. No license from the State Department of Finance, no registration of the business with the Secretary of State and no local business license.

I had congratulated two of the elderly people I spoke with, for checking up on the company and encouraged them to do this every time. One sweet, kind, gentle old soul could not be disuaded from investing with them. I'm not sure why she called me in the first place, but for every issue I raised, she said they had come up with a 'good' reason for not filing the proper paper work. At that point, the company had not yet been charged, and I had to be careful not to outright state I though they were conducting illegal activites. But they had her so convinced, no amount of gentle prodding (and screaming in my mind) was working. The investment companies are scammers....warn all the retired people you know, there is ALWAYS some type of filings and registration required for people taking your money.

The most basic of these frequent scammer are financial planners/investors and believe it or not, building contractors. It's not until a shoddy job is done that they find out the "contractor" was never licensed...or had a license revoke.

JHB

(37,106 posts)
4. Competent managment makes sure 'quirks' like this are covered
Fri Jul 13, 2012, 08:45 AM
Jul 2012

Since Romney is asking the American public to 'invest' in him, we deserve a complete and accurate 'prospectus'. If he doesn't provide that, there is reason to believe he's a 'bad investment'.

Jessy169

(602 posts)
7. Yeah, right
Fri Jul 13, 2012, 09:22 AM
Jul 2012

And it was just a quirk that Bush and Cheney didn't notice the CIA and NSA urgent warnings about an imminent attack on the US by Bin Laden. It seems that Republican "quirks" are just exactly what we have to be very concerned about.

riverwalker

(8,694 posts)
6. needs to be shouted from rooftops
Fri Jul 13, 2012, 09:05 AM
Jul 2012

"either he lied on his filings to the Commonwealth of Massachusetts or he lied to the SEC. "

Rosa Luxemburg

(28,627 posts)
26. Everyone here should email or phone all the media
Fri Jul 13, 2012, 07:18 PM
Jul 2012

try to talk on local radio stations - write letter to editor in local newspapers - tell the truth.

icarusxat

(403 posts)
10. Waiting now for the third strike
Fri Jul 13, 2012, 09:27 AM
Jul 2012

Three felonies and you are out? Here we have felony material, as mentioned in the above postings that should disqualify Mitt from holding office. Then, there is the felony voting fraud thing...(does anyone really believe his residence was the unfinished basement of hos sons house?). I wonder if the release of his tax returns would provide the third, fourth, fifth ad infinitum felonies for this known bully?

 

berni_mccoy

(23,018 posts)
23. Welcome to DU
Fri Jul 13, 2012, 05:46 PM
Jul 2012

Anx to answer your question... I believe we are seeing the Obama campaign hold Romney accountable. I think it will continue...

Atman

(31,464 posts)
12. Did you forward this info to the "news" stations?
Fri Jul 13, 2012, 09:38 AM
Jul 2012

I mean, since we have no real journalists working there, maybe they could use the tip.



grantcart

(53,061 posts)
14. Great. Romney can clear all of this in a New York minute by
Fri Jul 13, 2012, 09:50 AM
Jul 2012

releasing his tax returns and showing that he generated no Bain income during this time.

snappyturtle

(14,656 posts)
15. I think if he could he would have by now. He should have called
Fri Jul 13, 2012, 10:08 AM
Jul 2012

Last edited Sat Jul 14, 2012, 07:00 AM - Edit history (1)

a press conference days ago. Have you seen the Jennifer Granholm
video which shows papers Rmoney signed that listed income he
earned from two Bain entities? I believe W.Mitt is in big trouble.

edit: corrected first name of the former MI governor!

renate

(13,776 posts)
17. very, very, very nicely done, berni!
Fri Jul 13, 2012, 11:15 AM
Jul 2012
and thank you!

The only problem is that John King of CNN says there's nothing to see here. As I posted on another thread:

Another Bain Democrat who did not want to be identified by name said Romney had no role after taking the Olympics post.

"Nothing. Nothing. Nothing. He was just gone. And it happened very suddenly. ... After that, he was not on calls or writing memos. He was gone."

To be clear, all four of the sources voiced professional loyalty and personal respect for Romney. And all four have a vested interest in defending the work of Bain. But they were consistent in describing Romney's departure as abrupt and in saying they could not recall him around the office in the months that followed.

Two highly reputable arbiters of political debate -- The Washington Post's fact-checking arm and FactCheck.org -- also on Thursday stood by their earlier findings that Romney stepped away from any active role at Bain when he accepted the Olympics post. And Fortune reported that it obtained private Bain documents that support the Romney account.


http://www.cnn.com/2012/07/12/politics/john-king-bain/index.html?hpt=hp_c1

So be sure to send your findings to someone who doesn't think that talking to four people who have a vested interest in Bain, and who thinks that Romney's not being seen around the office must mean that he wasn't involved in the firm any more, counts as in-depth research.

kag

(4,074 posts)
19. I read King's article this morning and wanted to puke.
Fri Jul 13, 2012, 11:56 AM
Jul 2012

It's on the FRONT page right now with the title (partially) "Here are the facts". One of the lines in the story is,

"But the Obama campaign and its liberal allies continue to hang their claim on the SEC filings."

"Liberal allies?" If that's not editorializing then I don't know what is. I was going to say that this story is worthy of Faux News, but it's actually worthy of...CNN.

librechik

(30,655 posts)
20. right--"he was just gone" yet he accepted 6 figure salary checks each year while "gone"
Fri Jul 13, 2012, 01:22 PM
Jul 2012

web of lies gets more and more weak and complex

Coexist

(24,542 posts)
21. so then his tax returns wont show him taking any deductions for Mass business expenses?
Fri Jul 13, 2012, 02:42 PM
Jul 2012

why did he testify he flew back for business?

april

(1,148 posts)
24. Big question if all of these findings are true and proven guilty for lying
Fri Jul 13, 2012, 05:50 PM
Jul 2012

what really happens ?
do they choose someone else for Pres ????

 

berni_mccoy

(23,018 posts)
25. I don't know. The party could choose another candidate to be the nominee
Fri Jul 13, 2012, 07:03 PM
Jul 2012

But I don't think they'd be successful in getting the new candidate on all the ballots.

It would be a lost election for the GOP.

KurtNYC

(14,549 posts)
30. If Romney is President, Chairman and CEO and sole share holder of Bain Capital Investments
Fri Jul 13, 2012, 10:40 PM
Jul 2012

then aren't Bain and Romney one in the same? He has made himself a corporation?

If corporations are people, then Bain is Romney.

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