As reported here and here several weeks ago, we reported that Romney would certainly be disqualified or discredited as a Presidential candidate for the 2012 election due to fraud and other crimes against the American Taxpayer and the US Government.
As far back as 2009, nearly concurrent with the Bernie Madoff Ponzi scandal, the GOP knew, beyond any doubt, that Mitt Romney was seriously involved with a Ponzi scheme, to the tune of $8.5 BILLION dollars.
In February of 2009, the Washington Post revealed that the SEC was alleging $8 Billion in savings fraud by Allen Stanford AND HIS COLLEAGUES, read Mitt Romney and Son, of lying about investments and CDs in a Ponzi scheme concerning staggering amounts of investor’s money, partnerships in which they invested upon collapse of the fraud.
“”We are alleging a fraud of shocking magnitude that has spread its tentacles throughout the world,” Rose Romero, director of the SEC’s Fort Worth office, said in a statement.”
Despite the actions of the SEC in this case,
“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.”
So what do we know?
We know that Stanford has a PAC which has contributed large amounts of money to lawmakers annually.
We know that over $400,000 of that money was tied directly into the Madoff Ponzi scandal.
We know that one is only sentenced if FOUND GUILTY:
“Sentencing has been set for June 14, 2012 at 10:00 a.m. in Courtroom 8A before Judge Hittner. Stanford faces a maximum prison sentence of 20 years for the count of conspiracy to commit wire and mail fraud, each count of wire and mail fraud, and the count of conspiracy to commit money laundering, and five years for the count of conspiracy to obstruct an SEC investigation and the count of obstruction of an SEC investigation.”
Victims of this Ponzi scheme have been asked to fill out ‘Victim Impact Statement/Financial Crime’ and have not, as yet, received compensation or restoration of fraudulently stolen funds.
“Mitt 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.”