TV News LIES

Sunday, Feb 01st

Last update09:46:15 AM GMT

You are here News Politics Romney Family Investment Group Partnered With Alleged Perpetrators Of $8 Billion Ponzi Scheme

Romney Family Investment Group Partnered With Alleged Perpetrators Of $8 Billion Ponzi Scheme

E-mail Print PDF

Romney Ponzi schemeMitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme.

A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.

In an exclusive interview with ThinkProgress, Tagg Romney confirmed their business relationship, but falsely claimed that the men were cleared of any wrongdoing associated with the Ponzi scheme. Tagg Romney told ThinkProgress that his three partners collected about $15,000 from their involvement in the Ponzi scheme.

Court documents obtained by ThinkProgress show that the legal proceedings are ongoing and the men made over $1.6 million selling fraudulent CDs to investors.

More...


Most Recent Related Stories...


Early GOP slipups dog new congressional majority

BoehnerHouse Speaker John Boehner candidly summed up the other day how the first month of the...

The Strange Firing Of One Of The Country’s Most Inflammatory Anti-LGBT Spokespeople

Brian FscherOne of the most vocal opponents of LGBT equality, Bryan Fischer, is apparently no longer a...

Mitt Romney not running a third time

RomneyMitt Romney will not run for president a third time, he said Friday on a conference...

GOP Presses State Bills Limiting Gay Rights Before Supreme Court Ruling

gay rightsA Texas lawmaker would strip the salaries from government officials who honor same-sex marriage licenses.  Other...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!