Another document, Mitt? Rut Roh!

[Tennessee Gal]

Mitt Romney Bain Capital Document Lists Him As 'Managing Member' In 2002

WASHINGTON -- Add another document to the pile of evidence contradicting Mitt Romney's continued insistence that he ended his active role with Bain Capital in early 1999, part of his long-running effort to avoid responsibility for the company's activity, related to outsourcing and bankruptcies, during the years that followed.

A corporate document filed with the state of Massachusetts in December 2002 -- a month after Romney was elected governor -- lists him as one of two managing members of Bain Capital Investors, LLC "authorized to execute, acknowledge, deliver and record any recordable instrument purporting to affect an interest in real property, whether to be recorded with a Registry of Deeds or with a District Office of the Land Court."

http://www.huffingtonpost.com/2012/07/15/mitt-romney-bain-capital_n_1674209.html?ncid=edlinkusaolp00000009

[rocktivity]

1. "authorized to execute, acknowledge,

deliver and record any recordable instrument purporting to affect an interest in real property, whether to be recorded with a Registry of Deeds or with a District Office of the Land Court."

In other words, the buck stopped with him.


rocktivity

[ananda]

2. A managing member...

LOL

[treestar]

3. Even while governor

wow.

What a liar.

[DallasNE]

11. To Be Fair

This is the period between when he was elected Governor and when he was sworn in as Governor. Yes, it seems odd that he would do this even in this time frame but he was only Governor-elect.

[BumRushDaShow]

12. He HAD to establish residency in MA in order to run

and this is how he did it.

[Overseas]

25. Oh yeah, do let's be fair to Willard! He's supposed to be forgiven for all of his gaffes, so golly,

shouldn't these false documents just be shoveled into that heap of "aw gee. just doing what he thought was right at the time"?

We will no doubt, be fair, and one can only hope that a fair, more complete view of the man's duplicity will finally get more coverage in the US' major mass media.

[DCBob]

4. This story is not going away.

I suspect there are even more documents like this out there that will need explaining.

[Tennessee Gal]

5. IN 2002! After being elected Massachusetts Governor!!

How many more documents are out there?

[Overseas]

26. Let's take a good look at all of them. One by one and side by side.

[Tennessee Gal]

6. And he lied!

From the link:

In August 2011, Romney told federal authorities, as part of the financial disclosure process, that he "retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee [for the 2002 Winter Olympics]. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way."

[uponit7771]

7. +1!

[Spazito]

8. Hmmm, this could be trouble in more than one way...

I read this on a thread by ProSense:


"The REAL real reason Romney MUST say he left Bain in February 1999

by MKSinSA

Like all presidential candidates, Romney has to submit a financial disclosure statement to the Office of Government Ethics. He filed his most recent one last month, and the disclosure contains a very clearly stated footnote:

Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake (Olympics) Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.

Why? According to a February 11, 1999, AP article by Kirsten Moulton: (h/t Shuksan Tahoma)

Romney will have to sever ties with any companies that do business with the games. Bain Capital has ownership stakes in many companies and Romney serves on various corporate boards.

If Romney does not say he was completely gone from Bain by Feb. 11, then he breached his Olympic contract.

It was also vitally important for him to protect his Olympic legacy, considering he was parachuted in to fight corruption in the organization. Bringing a scandal of his own would have put him in the record books right alongside the other fired officials."

http://www.dailykos.com/story/2012/07/14/1110033/-The-REAL-real-reason-Romney-MUST-say-he-left-Bain-in-February-1999

Link to ProSense thread:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=949899

If this is true:

"According to a February 11, 1999, AP article by Kirsten Moulton: (h/t Shuksan Tahoma)

Romney will have to sever ties with any companies that do business with the games. Bain Capital has ownership stakes in many companies and Romney serves on various corporate boards.

If Romney does not say he was completely gone from Bain by Feb. 11, then he breached his Olympic contract."

then Romney has not only lost his Bain 'strength', he has lost his Olympic Games 'strength' as well.

Wow.

[Overseas]

23. I do hope we delve more into his Olympic dealings. It's topical. And his team probably wants to use

that soon as the next example of his "admirable leadership skills," welcoming the Olympics to Amercia.

[Spazito]

24. I agree, he only had the Olympics and Bain to brag about and now, it seems,...

both are becoming toxic for him. What's left for him to run on? It can't be his time as Governor due to Romneycare. I can't find a damn thing left for him to tout as a strength, not a damn thing.

[Overseas]

27. People do seem to envy his hair.

Counteracts the magic underwear?

[Spazito]

28. LOL!

[Tennessee Gal]

9. Is any of this illegal? Could any of this lead to charges by any federal or state entity?

That is what I can't quite figure out.

[WCGreen]

10. it depends on who has jurisdiction in these type of matters...

If there was any "intentional" tax evading, then yes it could end up in criminal court. If there was "honest" mistakes, then it would probably be fines.

But remember, democrat Martha Stewart went to jail in the 00's for insider trading, I seem to remember.

It's murky and depends on what the prosecutors think they can convict him with if the "alleged" activity results in criminal behavior.

Fyi, I'm not a lawyer but I am familiar with the tax code being that I am a professional, although semi-retired, tax preparer.

[Tennessee Gal]

14. I wasn't necessarily asking about the tax thing.

I was wondering about the documents filed about his connection to Bain ending that seem to conflict.

But thanks for the post.

[magical thyme]

20. if he wasn't involved with Bain, he lied to the SEC

which is a felony.

If he was involved with Bain, his governorship in Massachusetts, his Olympic job, and who knows what else, was based on fraud, violated contracts, etc.

[Ikonoklast]

15. She wasn't jailed for insider trading, but lying about it.

If she had just said that she did it, she would have got off with a fine.

But she perjured herself, and that was what got her in trouble.

[WCGreen]

17. I know that, but it was the law that was in place that was the underlaying

cause for her criminal activity....

[BumRushDaShow]

13. Here is what I gather so far

-He lied to establish residency in Massachusetts in order to run for governor ("did engage in some Bain-related activities and on Bain-related boards, etc" for x number of years to qualify).

-He lied to be permitted to run the U.S. Olympics in 2002 ("retired from Bain-related activities and had nothing to do with Bain&quot

And who knows how many lies are on those earlier tax returns (although he could probably try the Wesley Snipes defense that worked so well for Mr. Snipes... )

[Tennessee Gal]

16. This part is interesting:

In August 2011, Romney told federal authorities, as part of the financial disclosure process, that he "retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee . Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way."

What federal authorities? He obviously lied, but what organization did he lie to?

[magical thyme]

21. Federal Elections Commission...to run for President

He lied to the FEC in 2011, or the SEC from around1999-2002.

Per SEC docs, he was sole shareholder, Chairman of Board, CEO and President of Bain.

Depending on his personal need, he either was all of the above titles, or had no involvement. The paper trail runs the gamut

[cbdo2007]

18. If their intent was to make investors think Romney was still "active" then it is very illegal...

that's what it sounds like here to me. Bain was very successful financially under Romney, so it could be very damaging when bringing in new investors for Romney to be gone, that's how it is anytime there is a change in CEO with a major company.

That's what I think is happening here, not that he was with Bain longer than he said because I don't think he was, rather I think they wanted investors to think he was still actively involved so they would invest more money.

[Tennessee Gal]

19. That makes sense.

That would mean that he was trying to have it both ways .... reap financial benefits by letting investors think Romney was still a part of Bain while also trying to convince voters that he had nothing to do with whatever machinations Bain was undertaking in the way of jobs outsourcing and costing American workers their jobs.

[Iliyah]

22. Goppers went after Pres Clinton for lying under oath

about having a sexual "relationship" and yours truly, GOP, impeached him for "lying". . .

A lie is a lie no matter how you try to color it.