Wednesday, May 2, 2012

Looks Like Mitt Romney is the King of Bankruptcy Corruption. Mitt Romney, Bain Capital and the eToys Bankruptcy Scandal and the Allen Stanford, Proskauer Rose Scandal?

Mitt Romney is connected to the eToys, Petters Bankruptcy and Millions upon Millions in cover ups and in this headline we see ..

"Romney & Son Investigated for 8 Billion Ponzi Scheme

Romney & 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."
"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. 
Source and Full Article

Links to Research Mitt Romney, Bain Capital and the eToys Bankruptcy Case,%202005)%20Cornyn%20on%20Venue.pdf

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